ES Journal - 2021/2022

Currently working a HVN, but lots of air below after yesterday's move.

I think that gap will close sooner rather than later.

One large bar up and all everyone thinks is up. One large bar down and all everyone thinks is crash. :)

The fact is that every prior rally this year have been sold. Fundamentally, I don't see what changed yesterday and I don't think Powell is too happy about this.

I may very well be wrong. :)
 
Laissez Faire said:
Currently working a HVN, but lots of air below after yesterday's move.

I think that gap will close sooner rather than later.

One large bar up and all everyone thinks is up. One large bar down and all everyone thinks is crash. :)

The fact is that every prior rally this year have been sold. Fundamentally, I don't see what changed yesterday and I don't think Powell is too happy about this.

I may very well be wrong. :)
More...


I'll be looking for a pullback to re-enter long. At least I hope.

Crash smash...The crashes I've been a part of come right after highs have been printed, bam out of nowhere.
 
Laissez Faire said:
Currently working a HVN, but lots of air below after yesterday's move.

I think that gap will close sooner rather than later.

One large bar up and all everyone thinks is up. One large bar down and all everyone thinks is crash. :)

The fact is that every prior rally this year have been sold. Fundamentally, I don't see what changed yesterday and I don't think Powell is too happy about this.

I may very well be wrong. :)
More...

That's why I am building up my shorts. But not too much.

I think if it was going up, then it would have already. Not much follow through up so I think we we will see a retrace at the very least.
 
It's not a strong bias for this year, but Friday's last major swing is up more often than it's down.

I was long around 88, but chickened out for 3 points on a trailing stop. That 4K print seemed like an obvious trade when NQ started breaking out and ES coming up at the HOD.

I don't think I'll take another long up here as the R/R isn't right and the bear may come out of hiding, so probably calling it an early weekend.
 
Open gaps above. First is 4067.

I chickened out for a tick on a final long entry, but I really wanted to be long up here today as it seems like one of those days. Bought a few tops in the past, so just gonna take a pass and keep my few points secured.

upload_2022-11-11_20-39-39.png
 
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