ES Journal - 2023/2024

spectastic said:
thoughts on this 20 pt drop in the last 15 min? end of week profit taking, or more than that?
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It doesn't look like the technicals. It pierced above the TL just fine, but why it retraced back below is a mystery. But 20 points is nothing in the overall scheme of things.

I would think it's rug pulling by the Wall Street to do their end of the month portfolio adjustments to report back to their clients.

upload_2023-1-27_13-16-10.png
 
schizo said:
It doesn't look like the technicals. It pierced above the TL just fine, but why it retraced back below is a mystery. But 20 points is nothing in the overall scheme of things.

I would think it's rug pulling by the Wall Street to do their end of the month portfolio adjustments to report back to their clients.

View attachment 304903
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upload_2023-1-27_13-25-7.png


that's my trendline. I think most would agree we've broken through and are now testing against the 4100 level, perhaps people looking for a triple top. could've also been some manipulation to screw over the premium buyers. next week will be interesting though
 
spectastic said:
View attachment 304904

that's my trendline. I think most would agree we've broken through and are now testing against the 4100 level, perhaps people looking for a triple top. could've also been some manipulation to screw over the premium buyers. next week will be interesting though
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That's cash index (S&P500). My chart is ES (futures)
 
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