ES Journal - 2023/2024

[Laissez Faire]

4200 ES is pretty much in the bag today

It could appear, so.

 

[chillibean]

nice move. Hopefully keeps going

 

[Laissez Faire]

The price action post-release today's news pre-market is an example of what I consider noise.

Just a spikey counter-move with no real substance.

 

[Laissez Faire]

Monster move! Someone is buying stocks! Or covering their shorts...

Probably a good combo.

 

[Laissez Faire]

This dip will be bought. Just not sure how low we dip. Could see 4150. Prepared to take a few stabs at this until I get it right.

I'm flat here on a trailing stop on that spike on the news-release. Down $650 pre-market, but made it back by adding to a winner. I never average down.

Could be more upside left, but no interest in sitting through a large retrace and I don't want to push my luck as it's been a good week and I've been lucky. 4180 was pretty much guaranteed, so I took everything above that as a bonus.

 

[Laissez Faire]

If one looks at the daily chart we're now in a potential sell zone consider prior peaks. I don't think we're done below just yet.

Remember, this market gets everyone bullish near highs and everyone bearish near lows.

 

[Master Pu]

If I was day trading, then I would be looking to go long here

 

[Master Pu]

Here we go, just need some wind for the sails.

 

[Master Pu]

 

[Master Pu]

50% of yesterday's range, no panic selling, logical for the price to reverse sooner than later.