ES Journal - 2023/2024

I don’t care what Powell will say on Wednesday, everyone knows pretty much what the score is by now, let’s just thrust it to the Moon.
 
Wedging...

Should see a pullback low within 14:30 and not much below 69 if we get that far. If we drop below that I would assume the day range is set for the day.
 
Each and every day a given level will usually be hit. Like clockwork. However, the market can range and chop and d**k around for long periods of time before finally hitting target.

Is this by design? Or is it simply that the orders/volume required to move the market doesn't come in until later in the session?

I'm mostly speaking about the PM part of the session here.

For today, for example, I'm sure plenty of traders will be chopped up and broke before the market finally makes it move (which I still favour to the up side).
 
We're going higher from here, folks. We're trading at the lower end of the range and will very likely go right back up to 4200.

As I previously said, this year will be marked by incessant whipsaws (not only for the intraday moves but also on the daily timeframe as well). Back and forth, back and forth. If this ain't your cup of tea, well, stay on the sideline.
 
Back
Top