ES Journal - 2021/2022

I'm very interested to see what happens if 71 breaks. Not much bid in this market for the last 60 minutes.

Hourly and 4-hour looks like a disaster, but possibly very overextended.
 
Laissez Faire said:
I'm very interested to see what happens if 71 breaks. Not much bid in this market for the last 60 minutes.

Hourly and 4-hour looks like a disaster, but possibly very overextended.
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Yeah, I have ES 3770 and NQ 10854.50 both as support both pretty much just hit at same time. This is pretty much the spot to bounce if we're going to.
 
Laissez Faire said:
This is weak AF. Will not hold.
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Well for almost entire day it was showing this was likely and was also showing desperate for liquidity (ES had some 2 point quick moves). If that makes sense this was already super weak all day, that's why didn't want to long. But if going to take a long I think it's a better try here than higher, because nothing has really changed in a context sense, at least from my perspective.

I didn't go long here either though, not worth it.
 
Concinnity said:
Well for almost entire day it was showing this was likely and was also showing desperate for liquidity (ES had some 2 point quick moves). If that makes sense this was already super weak all day, that's why didn't want to long. But if going to take a long I think it's a better try here than higher, because nothing has really changed in a context sense, at least from my perspective.

I didn't go long here either though, not worth it.
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Plenty of people/machines who will try to pick a bottom here at the week low. But these weak bounces tell me there's no real buying. Yet.

Down we go?
 
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