ES Journal - 2021/2022

I think it will go much lower than that soon. But the hourly is oversold and the 4 hours is almost oversold so I think we might see a spike upwards first.

 

So far I've been wrong, but it still looks to me to be ripe for at least some small continuation upwards.

 

If it reaches there, think it might have a lot more to run:-

 

60 minutes macd just started

 

I'm fine if it goes down further though as I would like to buy much much lower.

 

I would say that the 3900 area is the line in the sand. I'll be interested in watching the action there.----Headed out for 19----Talk soon.

 

That CPI day gap up is hard to retrace down without some big news, maybe after next CPI on 13th and the rate hike on the 14th, until then, I am ready to clear out Dec contracts on 40ish level.

 

Anyone see a reversal here? Might retrace back up to 80.

 

CL made it down to $74 minutes ago - which is a multi-week low. I don't expect any significant reversal anytime soon from the indices, but who knows?

 

Makes sense to me. Hence why I closed my shorts, but does seem to be drifting down still.