ES Journal - 2023/2024

schizo said:
You might want to get out with 15 points instead of 20 because there will be some turbulence at around 4155.
More...

Yes.

Stalled at yesterday's Close / 4150 for now. That 4150 level is proving hard to push through. We don't seem to be able to push much above that.

Let's pray it's just a temporary pause and not a reversal. I'll hold for now with a few ticks locked in and re-consider if we get a new push higher.
 
schizo said:
I have a nasty feeling that we will not only gap up but head higher for tomorrow. I'm thinking maybe 4180 for the target.
More...

NDX is in the driving seat, 50% is the sweet spot.

Screenshot 2023-05-16 at 09.18.24.png




SPX stuck at 50%

Screenshot 2023-05-16 at 09.18.13.png
 
Just stopped out on a trailing stop at 44. Looking to re-enter if this bottoms out.

I'm not very bullish or anything to that effect. Just trying to exploit the technical bias for a gap up open. Some news coming out pre-market which could change that of course.
 
Last edited:
Weak dip into the 50 % overnight level / VWAP. Weak bounce.

The market does appear to want to go higher, but got stuck here below yesterday's close. Might be stuck here going into that report at 08:30 (which was a snoozer last month).
 
Spikey! May have to start considering the short side if this dip isn't bought. I went long for the 3rd time pre-market post-release. Prior trades were scratches and a small loss.

EDIT: And stopped out for the third time. Looks like that gap up ain't happening today. Waiting for the RTH Open now. Lately, I haven't done too well in the overnight session. May have to focus exclusively on RTH for a while.
 
Last edited:
Opening pretty much at last week's Close / Mid Point. Balanced market.

I'm still leaning long, but I may easily be wrong.

I'm still thinking a 4160 print if we go higher from here. Just not sure if one can expect anything more in current conditions.

To the downside I'm thinking dip buyers will shop up once again if we dip lower, so it's not an easy short unless we see some volume/momentum coming into the market. IMO of course.
 
Laissez Faire said:
Opening pretty much at last week's Close / Mid Point. Balanced market.

I'm still leaning long, but I may easily be wrong.
More...

NVDA is yet to report next week, so likely to see lame-ass PA in NQ at least, climbing towards the resistance level, after which, we will likely see a bungie dive, hit support somewhere and start to climb back up, I think we will see SPX hit 4300+ then.
 
My God - that 4150 level.

Was there news / FED speak or is this just technical trading?

Were were you when the market finally broke above 4150 will probably become a popular question in the future. :)
 
You must log in or register to reply here.
Back
Top