ES Journal - 2023/2024

Didn't we close at almost the high?

Yes.

The long set-up today from my POV is that we open around yesterday's close and breakout above yesterday's high.

Failure to do so can sell off.

Last month's CPI day:

upload_2024-8-14_14-44-40.png
 
August 2 high was 5473.25, and high of day today 5473.75.

If ES gets above there and doesn't sell off quickly, then August 1st high is 5600.75.

That's where we're going if ES makes and maintains new highs after the open. Not necessarily today, but then again, why not today?

I feel ES is going to retrace that entire down leg quicker than it made it.
 
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