ES Journal - 2021/2022

Discussion in 'Journals' started by Buy1Sell2, Dec 15, 2020.

  1. Reversed at last week's range low.

    Needs to put in a higher low now for any trend reversal. I don't think that's going to happen, but it is one possibillity. No need to get locked down too hard on a bias.
     
    #10631     Dec 6, 2022
  2. mervyn

    mervyn

    looks like will touch 50 day ma before any pause.
     
    #10632     Dec 6, 2022
  3. Dip buyers still getting creamed, but there's no buy signal, yet.

    I used to try and pick a bottom on trend days. Now I know better. :)
     
    #10633     Dec 6, 2022
  4. SunTrader

    SunTrader

    Next stop might just be 3750 :wtf:, as my prior chart pic showed. :)

    Though prolly not today.
     
    #10634     Dec 6, 2022
    c1rcle and mervyn like this.
  5. schizo

    schizo

    The thing is that the last two days has been such a slow grind down, it doesn't feel like a selloff. I'm afraid there might be another vicious snap like we saw last week.
     
    #10635     Dec 6, 2022
    c1rcle and Laissez Faire like this.
  6. 3920 could trigger a reaction, so that warrants some caution. I wouldn't be surprised to see 3900 today, though.
     
    #10636     Dec 6, 2022
  7. schizo

    schizo

    Today looks pretty similar to yesterday and we got a reversal yesterday 1 hour prior to the close. So let's wait and see if we'll get one in about 20 minutes.
     
    #10637     Dec 6, 2022
  8. SunTrader

    SunTrader

    Might get a bounce into close (Cumulative TICK's are all showing slowing downside momo), but I won't bother to touch it.
     
    #10638     Dec 6, 2022
  9. schizo

    schizo

    Looks like it's coming. And suppose this turns out to be a monster short squeeze. :giddy: :confused:
     
    #10639     Dec 6, 2022
  10. mervyn

    mervyn

    Or maybe a last hour bull trap, ready to be out 3915.
     
    #10640     Dec 6, 2022
    c1rcle likes this.