I think its gonna be a wild last hour with all the shit going on right now. I am not trading it too.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Yes. But if I were trading, I'd say this looks bullish as long as 55 holds here.
Bears got rekt yesterday. And it continued today so far...
5400 looks possible for the ultimate death stab of any remaining bears.
There's a bias for a green weekly close on ES today. That's > 5376.
I wonder where this leaves us for next week. SPX hit the 10 % down level common on corrections. Was this it? Or is it just a bear market rally?
I wonder where this leaves us for next week. SPX hit the 10 % down level common on corrections. Was this it? Or is it just a bear market rally?
Just wondering, how'd ya come up with 5400?
Just eyeballing it to be honest. And the market tends to be attracted to round numbers.
Just like us guys being attracted to hot chicks.
Flip short 59
My take is that the market have certain key levels it likes to take out every single day. I try to do my best to capture the ride towards one of those, i.e., the move from A to B.
However, after that is done, the market gets more random with a lot of choppy moves and random flow. The last hour of yesterday is the perfect example.
So, for today, the initial targets were yesterday's high and the open gap at 76 from last Friday. That leaves the rest of the session uncertain from my POV. But the bias for a green weekly close keep me leaning long for the close today.
And the nasty thing is that this could still dip well below 55 and rally back up again. It is not easy to read.
However, after that is done, the market gets more random with a lot of choppy moves and random flow. The last hour of yesterday is the perfect example.
So, for today, the initial targets were yesterday's high and the open gap at 76 from last Friday. That leaves the rest of the session uncertain from my POV. But the bias for a green weekly close keep me leaning long for the close today.
And the nasty thing is that this could still dip well below 55 and rally back up again. It is not easy to read.
Flip long 59