ES Journal - 2023/2024

I want a long entry here (16) and I'm tempted to take it, but I don't want to become a bag holder here. So, waiting for the Open.

So far this year we haven't had many large gap ups on the Open. Only 5/35 exceeding 20 points.

80 % of all gaps higher this year have been filled in RTH. Excluding larger gaps it's closer to 90 %.

Today might be the exception.

I'll buy with both hands if I get a pullback/buy signal after the Open.
 
...but, the last few times we opened above yesterday's range it was a strong day higher without any gap fill.

Should have taken that 16 entry, but it's never too late. I'd say the chances are considerable for a big trend day higher today barring any selling on the Open of course. Should hold above 15-20.

A lot of people are positioned on the wrong side of the market here and I can only assume that some would also think this to be quite a bargain adding to the buying pressure.

A strong reversal and break below 4K today would surprise me, but who the hell knows in this market.
 
will put stop at BE if we get above 25
upload_2023-2-23_15-14-48.png
 
Back
Top