ES Journal - 2021/2022

A bit of a ST low. Pullback COULD be over. BUT now we are up against ST resistance.

 

L 4370 C 4375, first trade of the day, let's see if we can get back to day high 4388.

 

order filled 4388, i am done for the day. waiting for 4405.

 

If the bullish thesis I have been operating under is correct, the pullback low is in. I'm using morning futures lows as a line in the sand.

 

Outside Day in play.

 

filled 4405, 50% retracement line met. I have half positions left for 50dma at 4432 but want to open something to capture this 30 points.

 

That was a pretty dirty rug pull ! Looking prime for even more weakness in the afternoon session. I've got a limit order at 75 to short FWIW

 

Clearly charts and TA don't work.

See ya at 4226.

 

I like this...but not seeing the significance of 4226 as an inflection point. Maybe I am missing something, it won't be the first time.

 

The only match I can see there is it seems to align with the close of the red candle in mid-July.