No spike above 4100 as I would assume the bulls were hoping for. Let's see if this can get legs lower again or not. Spikey and indecisive so far.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Struggling a bit up here, but I'd say we hit around 4120 intraday and wouldn't think we get much more than that.
Remains to be seen if we head south again from there. If not already today.
Remains to be seen if we head south again from there. If not already today.
That's a short signal off the HOD, so this might be it for today. I don't think we're done below, yet, but it's possible that will have to wait until tomorrow.
Dangerous environment.
I may easily be wrong.
Dangerous environment.
I may easily be wrong.
Took that short off the HOD on the simulator. I'm shell shocked from shorting in the past, so I often don't take those short signals with real money, unless I have really strong odds for a move lower. Maybe with practice I can take them with real money as well.
If we take out the LOD I'm sure we'll fill the gap from yesterday's close, but there's some potential support here at 4107. If we make a new thrust towards the HOD we might have a chance at going higher today, but I wouldn't trust on it. This can easily crumble and head south...
If we take out the LOD I'm sure we'll fill the gap from yesterday's close, but there's some potential support here at 4107. If we make a new thrust towards the HOD we might have a chance at going higher today, but I wouldn't trust on it. This can easily crumble and head south...
Okay. Shorted 4107.50 with my live account. 2 point stop. Will break it even rather quickly, but hold for a bigger move if not stopped.
EDIT: Scratched it B/E, but may re-enter short later. NQ strength is an argument against the short side here, but that could quickly reverse.
EDIT: Scratched it B/E, but may re-enter short later. NQ strength is an argument against the short side here, but that could quickly reverse.
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Wise choice to scratch it. With this breakout I would assume 4120 in play after all, then.
Reverersed long instead. Was there news? That's quite the move on some volume.
Stopped out at 4118. Trailing stop. 4120 was the number I had in mind today. No need to be greedy in this crazy market.
I don't think this move north changes much and I still think we have a good chance of making new lows by end of week, but that's all only an attempt at an educated guess. But seeing what most people post online that's what everyone seems to be doing. Guessing.
Too much uncertainty in the markets at the moment. Maybe press the long side a bit more post-FOMC if we start moving higher after that. Until then this might be a slippery slope.
Too much uncertainty in the markets at the moment. Maybe press the long side a bit more post-FOMC if we start moving higher after that. Until then this might be a slippery slope.