ES Journal - 2021/2022

NQ had me fooled this morning, just broke even, can't handle the chart.

But I am good with short on YM and ES.

 

I got 27 NQ pts but bailed way too soon @ 11515.75. Looking for re-entry, but it could get a bigly bounce before it continues down.

 

move my target to 3940

 

Well, that was last Weds night.
2-1/2 trading days later, it was in fact the high.
At least on the SPY and QQQ

 

Bulls desperately trying to hold on to 11,500

 

I think we'll just chop until the next FOMC. I don't foresee any big moves in either direction.

 

close out at 58, profitable but not sure. no luck with nq today.

 

Friday is NFP, and maybe on Thurs too. PCE Core Powell's Fav.

 

Having seen 200 point jump in ES 3 weeks ago following the NFP (or was it something else), I doubt anyone has the balls to front run any event going forward, be it FOMC or NFP.

 

It was most likely the softer-than-expected CPI print. Biggest one-day gain for SP since Apr. 2020.

I can tell you this, though...NDX is going to be hanging on Powell's every word tomorrow before he is gagged for the Dec Fed meeting. It's gonna' get wide-ranging over there for sure.