So much for 4220 today, huh.
I think we close green, though. Maybe 4195.
If the LOD breaks - well, that changes things.
I think we close green, though. Maybe 4195.
If the LOD breaks - well, that changes things.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
With the initial failue of 4200, I can see some back-filling / retracement going into FOMC from here. Maybe 4150/4130.
And then a new plunge or rally come Wednesday.
Really uneventful session. Closed pretty much where we opened. Should be no surprise with some consolidation considering last week's monster move, but I had high hopes we'd see a break with continuation above 4200 today.
And then a new plunge or rally come Wednesday.
Really uneventful session. Closed pretty much where we opened. Should be no surprise with some consolidation considering last week's monster move, but I had high hopes we'd see a break with continuation above 4200 today.
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rough start to the day. Recovered with a few better trades, and Ended up slightly green on ES.
But fairly fruitless day here too
more medium term we're getting closer and closer to that 4250 area I was looking for a while back. Still expecting it. Shorter term, still want a little pullback which is why most my trades were short today.
Doesn't repeat itself indefinitely, though. At some point we'll break out and leave this range behind for a while.
I do think there's good reason to be cautious towards the long side, though, and we are in a prior failure zone. Probably good to generally be cautious in this market...
spx tagged and rejected the 20 monthly MA today, fwiw.
I like to make my trades when a more obvious pattern sets upAnd voila. 4200 tagged on ES. Not much happening yet, though, but NQ is nearly back up at today's high now, so it's shaping up well for the bulls.
Like @Buy1Sell2 would say: I see no obvious reason to be short here. At least not yet.
If you just trade price action alone, then sure, just sell it
Look at all the money inflows being parked up in RMMFs!