ES Journal - 2023/2024

Where the whales at, @Master Pu?

Struggling a bit to get back insde yesterday's range here. A reversal or a stall - not always easy to tell.

Still in an area which could sell off for the day, but I maintain a long bias here for sure and I'm thinking we break higher eventually.
 
Laissez Faire said:
Once (if) we get back inside yesterday's range, there's the weekly open at 61 and prior week close at 63.

Worth paying attention to.

If we hit a bid inside yesterday's range I would think 80 is possible - once again.
More...

Reversed off last week's open like clockwork. Who said the market isn't trading technically? :)

As I'm long, I hope it's just a stall and we get continuation higher from here on the next attempt.

It's early in the day, so we could still see another dip first, but best if we don't and can stay inside yesterday's range from here.
 
Curious about the upside today. If we can move above 63 and start ripping, I don't see why we can't go all the way back up to yesterday's close.

Clearing 61/63 is very key first, though. We have not accomplished that yet and this day can still sell off... :(
 
Anyone see this selling off today? I'd say unlikely. Especially with NQ so strong.

One scenario I see is that we continue ranging and even dip lower, but I'm pretty sure this closes above 65. Best is if we start rallying now and get this over with... :)

EDIT: 2 FED speakers coming up today. The first one in 3 minutes. Could be a market mover.
 
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