ES Journal - 2021/2022

[mervyn]

NQ had me fooled this morning, just broke even, can't handle the chart.

But I am good with short on YM and ES.

 

[SunTrader]

I got 27 NQ pts but bailed way too soon @ 11515.75. Looking for re-entry, but it could get a bigly bounce before it continues down.

 

[mervyn]

It will head back to pre thanksgiving low 3945.

move my target to 3940

 

[vanzandt]

Ahhh
It's over.

Well, that was last Weds night.
2-1/2 trading days later, it was in fact the high.
At least on the SPY and QQQ

 

[SunTrader]

Bulls desperately trying to hold on to 11,500

 

[schizo]

I think we'll just chop until the next FOMC. I don't foresee any big moves in either direction.

 

[mervyn]

move my target to 3940

close out at 58, profitable but not sure. no luck with nq today.

 

[SunTrader]

I think we'll just chop until the next FOMC. I don't foresee any big moves in either direction.

Friday is NFP, and maybe on Thurs too. PCE Core Powell's Fav.

 

[schizo]

Friday is NFP, and maybe on Thurs too. PCE Core Powell's Fav.

Having seen 200 point jump in ES 3 weeks ago following the NFP (or was it something else), I doubt anyone has the balls to front run any event going forward, be it FOMC or NFP.

 

[Overnight]

Having seen 200 point jump in ES 3 weeks ago following the NFP (or was it something else), I doubt anyone has the balls to front run any event going forward, be it FOMC or NFP.

It was most likely the softer-than-expected CPI print. Biggest one-day gain for SP since Apr. 2020.

I can tell you this, though...NDX is going to be hanging on Powell's every word tomorrow before he is gagged for the Dec Fed meeting. It's gonna' get wide-ranging over there for sure.