ES Journal - 2021/2022

newbie463 · Nov 23, 2022

IWM retreating after touching 200d. spx got close ~20pts, but qqq definitely lagging.

c1rcle · Nov 23, 2022

c1rcle said:
I cant see it getting back near 4030 now. The SPX is back below the major 0.618 level again. Probably just downside from here on.

Well i will take that back then :-)

mervyn · Nov 23, 2022

Off we go but my 10-year is in red, can’t win them all.

schizo · Nov 23, 2022

Kicking up some dust here, eh? Cough, cough

What's the news? Pre-thanksgiving rush? I'd be pleasantly surprised if we tag 4050.

BTW when do we close today?

tiddlywinks · Nov 23, 2022

schizo said:
BTW when do we close today?

The CME holiday spreadsheets make you wonder if they hire someone to specifically confuse the issue!

Normal closing today
Normal overnight session
HALT Thursday morning at 10am pst
Normal overnight session Thursday
CLOSE for weekend on Friday at 10:15am pst

https://www.cmegroup.com/tools-information/holiday-calendar.html

c1rcle · Nov 23, 2022

I really want to see this breakout, but I am getting impatient.

schizo · Nov 23, 2022

c1rcle said:
I really want to see this breakout, but I am getting impatient.

4050 is the magnet.

c1rcle · Nov 23, 2022

schizo said:
4050 is the magnet.

It just cant stay above 4029 without being repelled downwards again. Was that the 8th failed breakout of the day now? The polarity must be in reverse.

tiddlywinks · Nov 23, 2022

It's a rouse anyway... To dissuade Turkey Table discussion.

Biden Admin even put out a tip sheet for "when chatting with your Uncle at Thanksgiving"

https://twitter.com/x/status/1595414110438662144

mervyn · Nov 23, 2022

mervyn said:
me think it will touch 200 ma tomorrow at least, around 4036 to 4050 range., go long at 4010 now.

consolidation leads to breakout, usually.

Out at 4035 just now, I felt spooked, rather not carry the trade into next week. 25 points in one day is good enough.