out 82, from 4007
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
out 82, from 4007
all the dips are being bought but can't go any higher, looks like a trap to me.
After seeing the covid rally following the covid plunge I think everything's possible.
I'm not much of a bull, though, although I often play the long side, but we're in a big range here and I don't see why we can't go higher within this range.
Nice call and trade today.
Dips being bought in the midst of horrible news cycle, weak nyse breadth, and bearish positioning/sentiment at the highs is a big clue imo.
That's a fairly strong trend up overnight shaping up for a fairly big gap up on today's Open unless this sells off by then.
I did a chase long for 5 points up here, but not touching this at the moment.
I did a chase long for 5 points up here, but not touching this at the moment.
Odds favour a pullback on the Open, but I'll be looking to buy that for sure.
Watch the airline stocks. If they move up nicely on greater than normal volume, and stay there, the top of the megaphone should hold for now.
Looking for a pullback low at 4035 or 4022 to go long. Not touching this right now, but may take a breakout above 4044 with a tight stop if we don't pull back any further.
If those levels don't hold, well, might go all the way back down to 4K.
If those levels don't hold, well, might go all the way back down to 4K.