ES Journal - 2021/2022

INDU is leading the way.

 

I don't like to enter a long in a downward/bear market unless its oversold or bouncing off of a level. So I will either wait for those conditions or wait for the next shorting opportunity.

 

If we do clear above 4020, which I believe will happen, then the next obvious target is 4050. But I don't think that would be a major obstacle. So the next target is really at 4100.

 

So you dont think the major downtrend line will pose any resistance then?

 

Me think the "major downtrend" is above 4100

 

Of course. I thought we were still talking about about the SPX.

 

I don't know what you guys were talking about.
Just assumed it was the ES as ...
It's the ES Journal

On the SPX,
Seems like there is less room below the trend line for 4100,
But we can still make it (IMO) before the 12 December.

Anyway ...
Wish you the best !

 

Thanks, all clear now! I just went long.

 

@Sekiyo

 

@schizo