ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
1st target below is last Wednesday's close / gap at 74.75. Could get interesting if that does not trigger a bounce.
Next open gap below at 59.50. First, last week's low at 4068.75.
May not get there without some volatility, but I would assume the HOD is in for now.
Next open gap below at 59.50. First, last week's low at 4068.75.
May not get there without some volatility, but I would assume the HOD is in for now.
Just watch for buy signals here. I see zero at the moment.
Bidless market.
Quick exit on a bounce. If 74 doesn't support this, well, HODLING short.
Bidless market.
Quick exit on a bounce. If 74 doesn't support this, well, HODLING short.
Flat at 78 on a trailing stop. +15.25.
I have a hunch this will break, but the path may be rocky. Filled Wednesday's gap now, so technically it could be a short term bottom.
I have a hunch this will break, but the path may be rocky. Filled Wednesday's gap now, so technically it could be a short term bottom.
IMO, we're in a tricky spot here at the moment. Initial down side target tagged and slightly "oversold" which could be a bottom for now. At the same time, there's a bearish bias for week end. Meaning that both longs and shorts could be tricky.
Could easily trade back up to the Open and reverse lower again.
Tricky.
Probably not touching the long side unless we can take out the opening range high for a move back inside yesterday's range. And not feeling very confident shorting this again here, either.
So, watching for now.
Could easily trade back up to the Open and reverse lower again.
Tricky.
Probably not touching the long side unless we can take out the opening range high for a move back inside yesterday's range. And not feeling very confident shorting this again here, either.
So, watching for now.
Quick bounce of last week's LOW. Let's see if it breaks on the second test.
4060.
4060.
Never easy to be a late short on ES as it gets really snappy near lows.
4058.50 for a gap fill seems more or less certain by now.
Next open gap below is 4001.25, but that seems like a stretch today, although it won't be even 3 % down, so certainly possible. Maybe tomorrow if this continues.
It's a messy trend day down for now, so you'll never know.
EDIT: Took 3 more shorts. One of them well in the green at some point. All of them stopped out for a few points or B/E. The last one at 72.
Probably taking the day off now. This is a tough spot as there will be a lot of buying interest down here and an attempt to put in a bottom - even if it fails or not. Probably better opportunities tomorrow. If I were to guess, I'd say we make a new LOD, but it's far from certain.
4058.50 for a gap fill seems more or less certain by now.
Next open gap below is 4001.25, but that seems like a stretch today, although it won't be even 3 % down, so certainly possible. Maybe tomorrow if this continues.
It's a messy trend day down for now, so you'll never know.
EDIT: Took 3 more shorts. One of them well in the green at some point. All of them stopped out for a few points or B/E. The last one at 72.
Probably taking the day off now. This is a tough spot as there will be a lot of buying interest down here and an attempt to put in a bottom - even if it fails or not. Probably better opportunities tomorrow. If I were to guess, I'd say we make a new LOD, but it's far from certain.
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We should see LOD near 4050