ES Journal - 2021/2022

[Sekiyo]

An Inverted Head & Shoulders forming on the 5 minute. Not sure if that's how the market views the 0.5 bps rate cut. But we'll see.

It’s not about the 0.5 bps rate cut,
It’s about the forward guidance.
Unless we cut 0.25 or 0.75

 

[schizo]

An Inverted Head & Shoulders forming on the 5 minute. Not sure if that's how the market views the 0.5 bps rate cut. But we'll see.

Well, it ain't IHS no more

 

[schizo]

I'm pretty sure this FOMC will get sold off, but let's see what happens.

 

[mervyn]

drop baby drop

 

[schizo]

I'm pretty sure this FOMC will get sold off, but let's see what happens.

So far so good. Next target is, believe it or not, 3970

 

[mervyn]

drop baby drop

in and out at market price, didn't know how much P&L yet, flatten everything.

 

[SunTrader]

320pm EDT (Powell speaks starting @ 230pm) might be time for a turn of some sort?

 

[c1rcle]

Got to be the start of the next leg down now surely?

 

[schizo]

Got to be the start of the next leg down now surely?

If we break above 4050, there's a good chance we'll revisit our permabulls at the top.

 

[SunTrader]

If we break above 4050, there's a good chance we'll revisit our permabulls at the top.

4075-4080 vol node.