ES Journal - 2021/2022

[c1rcle]

close half, 3953

I am looking at 3940-3942 ish, that's pre Powell speech level.

I think it will go much lower than that soon. But the hourly is oversold and the 4 hours is almost oversold so I think we might see a spike upwards first.

 

[Buy1Sell2]

Market stills signals at least a small continuation up.

So far I've been wrong, but it still looks to me to be ripe for at least some small continuation upwards.

 

[SunTrader]

...
I am looking at 3940-3942 ish, that's pre Powell speech level.

If it reaches there, think it might have a lot more to run:-

 

[mervyn]

I think it will go much lower than that soon. But the hourly is oversold and the 4 hours is almost oversold so I think we might see a spike upwards first.

60 minutes macd just started

 

[Buy1Sell2]

So far I've been wrong, but it still looks to me to be ripe for at least some small continuation upwards.

I'm fine if it goes down further though as I would like to buy much much lower.

 

[Buy1Sell2]

I would say that the 3900 area is the line in the sand. I'll be interested in watching the action there.----Headed out for 19----Talk soon.

 

[mervyn]

If it reaches there, think it might have a lot more to run:-
View attachment 300938

That CPI day gap up is hard to retrace down without some big news, maybe after next CPI on 13th and the rate hike on the 14th, until then, I am ready to clear out Dec contracts on 40ish level.

 

[schizo]

Anyone see a reversal here? Might retrace back up to 80.

 

[SunTrader]

CL made it down to $74 minutes ago - which is a multi-week low. I don't expect any significant reversal anytime soon from the indices, but who knows?

 

[c1rcle]

Anyone see a reversal here? Might retrace back up to 80.

Makes sense to me. Hence why I closed my shorts, but does seem to be drifting down still.