ES Journal - 2021/2022

So far, so good.

 

No one is buying bounce except algo, it is a big trend day.

 

If we can knock down 3953, there's a chance for redemption for the battered bulls, at least for a while.

 

Dip buyers getting creamed. Again.

 

Buying opportunity into EOY imho.

 

now the bear has control, next one is probably 3912, when buyers start to panic covering the longs.

 

Where are all the perma-bulls lately?

 

Bidless market.

No need to be a hero until we see a trend reversal. I don't see this stopping until 3900 today.

Obviously, scratch that call on a trend reversal, but this is a trend day down for now and it's usually not profitable to try and capture a bottom on those.

 

Drawn in real time for @NoahA:

Market's moving higher right now, but for now it's just a weak ass pullback that is not likely to turn into a reversal.

 

Needs to breakout higher and/or put in a higher low on a pullback for any trend reversal consideration, IMO.

For now, it looks like a pullback to me.

3941 is last week's RTH low. Looking to see if we can trade back inside last week's range from here or not.