What's your view?
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
What's your view?
Another 10 point PB off the highs. The good old R10 rule still in effect. 
I can see this pull back all the way to 4180 before a new push higher, but I'm not going to risk holding through that. Happy to hold long below this last swing low, though.
Probably tighten it up a bit on/if the next push higher. If the trend higher continues I'm thinking we should push through 4200 on the next attempt without too deep of a pullback. But what do I know.
I can see this pull back all the way to 4180 before a new push higher, but I'm not going to risk holding through that. Happy to hold long below this last swing low, though.
Probably tighten it up a bit on/if the next push higher. If the trend higher continues I'm thinking we should push through 4200 on the next attempt without too deep of a pullback. But what do I know.
think well stick around this area. its hard to say when breakout mode kicks in. Its been an impressive run. interesting the divergence in prices on indices with blow off top in nq, es range consolidation with trend up, and small caps (were 2 days ago) at bottom of their range. all currently sitting at or near important levels from last year. i like how theres always a big news event in the background. of course they wont vote on it until next week, which will lead us into a holiday week. could it be any other way?
Flat at 88.50. Trailing stop. Overall a good day, but I was hoping it would be a great day and may have gotten too greedy not trailing aggressively enough on that last push.
This initial drop off 4200 could easily just be some hedging taking place. Let's see where the day closes, but my hunch is we can still see a pop above 4200. Either way, I'm done for the day.
This initial drop off 4200 could easily just be some hedging taking place. Let's see where the day closes, but my hunch is we can still see a pop above 4200. Either way, I'm done for the day.
Stopped at the 50 % Level to the tick for now. Some volume coming into the market on this drop. If 79/82 holds - assuming a test of the HOD and possibly higher is still possible by the Close.
Selling off here for a move back down to 4150 wouldn't be a total surprise, though.
Selling off here for a move back down to 4150 wouldn't be a total surprise, though.
It's possible that the powers that be will want to settle ES in the 4150 range for options expiration tomorrow. That could be putting some downwards pressure on this.
Maybe some hedging take place here. What do I know...
Maybe some hedging take place here. What do I know...
Might be the best the market can do post QE.
Lost steam up here for sure, but after yesterday's big move I don't think it should be a big surprise.
Should be interesting to see where this closes. I would bet above 80, but I wouldn't be surprised if this rolls over and makes a new LOD either.
I wonder how much options expiration tomorrow could be a factor in putting downwards pressure on prices here, but that's just speculation on my end of course.
Would be ultimate mindf**k if this rally above 4200 from here. Unlikely, of course, but who knows anything, right?
as a swing trader, these are the kind of days that show why intraday price action is just as crucial. breakouts are not easy to trade. some speculate the modern day institutional algos are manipulating price to shake people out before the real run is made. daily candles alone doesn't show nearly the whole picture. such appears to be the case today.
missed out on a home run recently for similar reason. guess where I got stopped?
missed out on a home run recently for similar reason. guess where I got stopped?