ES Journal - 2021/2022

30 should stop this - if we get there. Probably a grinding day anyway.

 

been working great. How could it not ? Market doesn’t fall more than 1-3%. The key is to decrease size. I went from 4-6 ES down to 1.

 

L 4528.5

 

Everyone is waiting for the pullback, no risks/rewards until that happens. Since ADP number is bad, why would non-farm tomorrow be a good number?

 

Because the ADP number is an estimate and is not a leading indicator of NFP. Plus, the ADP does not include government employees. If you look back historically, the two numbers vary wildly in both sheer numbers, and also expectation divergences.

 

OUT here +13

hopefully get a dip and do it again

 

L 4528

 

Reversal around 4520 or a larger slide...?

 

Going long 21.75. Nimble. Targeting 36/40, but need a break above 25 to feel safe.

EDIT: Looking to add on a pullback.

 

ATHs today would be unexpected, but we've seen a few of those lately.

Assuming the LOD is in and we see an Up Day - 38/40 would be a conservative bet. Outlier scenario would be 50.