ES Journal - 2021/2022

SunTrader · Dec 22, 2022

c1rcle said:
Hate chasing moves, but went short as the SPX broke below support.

On days like this I use tick charts to enter waiting for momentum divergence. Then use 1 minute to monitor progress.

c1rcle · Dec 22, 2022

c1rcle said:
Hate chasing moves, but went short as the SPX broke below support.

Closed for basically no profit, feels too risky chasing this down.

mervyn · Dec 22, 2022

I go long here on YM, let's see.

c1rcle · Dec 22, 2022

c1rcle said:
Closed for basically no profit, feels too risky chasing this down.

Switched to long with a tiny position

SunTrader · Dec 22, 2022

c1rcle said:
Switched to long with a tiny position

Noooo.

Well maybe it gets a bounce near Nov 10th CPI low?

Zodiac4u · Dec 22, 2022

SunTrader said:
Noooo.

Well maybe it gets a bounce near Nov 10th CPI low?

$SPY below, S3,

c1rcle · Dec 22, 2022

SunTrader said:
Noooo.

Well maybe it gets a bounce near Nov 10th CPI low?

That's what convinced me to add to my position a bit more. Plus its oversold now.

SunTrader · Dec 22, 2022

c1rcle said:
That's what convinced me to add to my position a bit more. Plus its oversold now.

But it was "oversold" not too long after RTH open, and look what happened since!!!

c1rcle · Dec 22, 2022

SunTrader said:
But it was "oversold" not too long after RTH open, and look what happened since!!!

Good point. But its more oversold now :-)

Plus I reckon its a bit of a bear trap right now. I would have expected a way bigger/faster drop than we saw after the SPX support broke. So feels like a fake out.

Will quickly shut down my long though if this goes down much more.

schizo · Dec 22, 2022

Buy1Sell2 said:
It's looking like we may get below 3795 today. That's an important move to initiate the steady beat down to 3700. Just an FYI---I trade off of the cash chart. These are cash numbers.

Just got back and what do I see? Damn, it really turned out that way. What is this, an armageddon? LOL