ES Journal - 2023/2024

Late comment as I had to log in, but odds say back in yesterday's range.

I want my 4150, but may not take out yesterday's high today. Like Master Pu I suspect we can see another range bound session.

A rejection of yesterday's range low here could potentially trigger a move lower. The first thrust failed, so watching to see if we can hold the LOD now and move successfully higher on the next attempt.
 
Rejected a third time. Let's see if it's just more consolidation and range bound movement before making another thrust higher.

Tricky.

Weak long bias for now as long as the LOD holds, but this development is obviously not quite ideal for the long side.

If the LOD breaks I suspect that could trigger some selling. Lots of air below.
 
mervyn said:
4 break evens and 1 small profts trades, totally not worth it.
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Took a few stops pre-market and finally a stop out on a long at 33.25 on three contracts while out on a seminar. A net loss today.

At a 14.25 point range this is the smallest range by far this year. I hope this decrease in volatility is temporary and not the norm for the summer months ahead. With all the uncertainty in the world at the moment I hope this is just consolidation before the next bigger move.

Maybe CPI tomorrow could bring back some life to this market.
 
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