ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Back to the previous close, out of the gate. It's all about time.
Run, rabbit run.
Dig that hole, forget the sun.
And when at last the work is done...
Don't sit down,
It's time to dig another one.
assuming your take profit in the blue zone above? seems like we're due to break this sideways range sooner or later and if we break to the upside, 4300 is likely next level before we see a major retracement.
I think it would be unlikely that we would break lower. It could happen, but I rather favor the long side here and your 4300 is well within reach short term.
I guess I have a weird way of looking at charts. Call it a confirmation bias, but everything seems to line up perfectly.
great minds think alike.I guess I have a weird way of looking at charts. Call it a confirmation bias, but everything seems to line up perfectly.
View attachment 306821
I wouldn't get over-confident to the long side. Just from a glance at a chart this looks just as ripe for a pullback to 4050 / 4020 during the overnight session, although I do think we're due a move above Friday's high tomorrow in RTH.
The market's stuck in a range lately and clearly there's disagreement or even flat out confusion about value. So, expecting more range bound action moving forward with traders buying tops and selling bottoms. No clear sweet up trend without the FED juice.
I mostly lost money dabbling in the ETH session last week and then making it back in RTH. This week I will try to be more patient picking my spots waiting for the market to get overextended.
Good luck all.
The market's stuck in a range lately and clearly there's disagreement or even flat out confusion about value. So, expecting more range bound action moving forward with traders buying tops and selling bottoms. No clear sweet up trend without the FED juice.
I mostly lost money dabbling in the ETH session last week and then making it back in RTH. This week I will try to be more patient picking my spots waiting for the market to get overextended.
Good luck all.
yea I'm not completely convinced of the long side either. but the reactions from the bullard comments seem more like a pull back than a potential reversal.
4050 tagged. 
This isn't the environment to marry a view, i.e., this will be a bull week or this will be a bull month. Just buy the up moves and sell the down moves day by day or hour by hour.
This isn't the environment to marry a view, i.e., this will be a bull week or this will be a bull month. Just buy the up moves and sell the down moves day by day or hour by hour.