Should have been Bear @ 4565. Will there be a play on 4400?

Scataphagos · Sep 21, 2023

ES held "declining tops line" @ 4565 (arrow).

Next up... 4400? Might be a bounce play.

Market more negative if 4400 breaks and is not reclaimed.

More negative yet if 4400 is broken... then "tested from below and fails/holds as resistance".

"Trade what you see"... not what you think/hope/feel.

Price TA... KISS, baby!

FWIW...

Drawdown Addict · Sep 21, 2023

There is a big sell-off on the NQ, which is highly correlated.
If you believe in EWMAs it looks like it is still heading down until next week.

maxinger · Sep 21, 2023

ES day range is getting smaller.
It is getting too peaceful.
More volatility, please.

Spooz Top 2 · Sep 21, 2023

https://www.elitetrader.com/et/threads/es-journal-2023-2024.371508/page-520

Someone`s been reading....

comagnum · Sep 21, 2023

The RTY had already broke though the head & shoulders neckline 3 days ago.

Scataphagos · Sep 21, 2023

Will they make a play on ES 4400? Looks like a "yes".... how far will it go? Have to play that by ear.

murray t turtle · Sep 21, 2023

%%
3RD FRI week\SPY tend$ to be down \SEPT anyway\cant tell much on 60 minute chart.

SimpleMeLike · Sep 21, 2023

Scataphagos said:
ES held "declining tops line" @ 4565 (arrow).

Next up... 4400? Might be a bounce play.

Market more negative if 4400 breaks and is not reclaimed.

More negative yet if 4400 is broken... then "tested from below and fails/holds as resistance".

"Trade what you see"... not what you think/hope/feel.

Price TA... KISS, baby!

FWIW...

View attachment 323499

Good Evening Scataphagos,

Thank you for the chart illustration.

"Trade what you see"... not what you think/hope/feel." This is the BEST statement ever on ET.

Drawdown Addict · Sep 22, 2023

Da boys are piling up on the 4400 mark, time for a squeeze? Be careful MMs might run it down.

maxinger · Sep 22, 2023

China A50 and Hangseng are up strongly today.

And the European index futures hardly move.