ES Journal - 2021/2022

[Laissez Faire]

Why we moving like this is an FOMC day? Some 5 minute ranges >20 points.

I would assume something changed over the last few days. Probably a lot of hedging activity in this area and big players taking positions.

My best guess is we're headed lower, but it might not happen today. Some consolidation now after a fairly large move over the last few days.

But should we break, I'm sure it's to the down.

 

[SunTrader]

Why we moving like this is an FOMC day? Some 5 minute bars >20 points.

Cum TICK says buying, although not particularly strong. And Dollar weak today helps.

 

[SunTrader]

ATM still under last week's low so bears currently still have the upper hand.

 

[c1rcle]

ATM still under last week's low so bears currently still have the upper hand.

Yeah i wonder if these current moves are bull traps

 

[SunTrader]

Might be 180° wrong but I'm starting to sense some weakness creeping back in equities, though dollar and bonds are still weak.

 

[mervyn]

Might be 180° wrong but I'm starting to sense some weakness creeping back in equities, though dollar and bonds are still weak.

Went short 3935 already, target 10-15 points.

 

[SunTrader]

Went short 3935 already, target 10-15 points.

On 2nd thought I had a change of heart on any weakness - for the moment.

 

[Buy1Sell2]

I'm happy with this move as I would like to reenter long at lower prices for a swing/position trade.

 

[c1rcle]

I'm happy with this move as I would like to reenter long at lower prices for a swing/position trade.

You think we will break out of the downward channel then?

 

[Buy1Sell2]

You think we will break out of the downward channel then?

Not certain but I do think this is The Big One as I have said before. I'm just planning on buying the lows that show fresh upside momentum.