ES Journal - 2021/2022

If it's a net credit, then it could very well be a play for the market to drop as well.

 

I read as that guy spent 65m as debit spread. I am pretty sure 100 points spread can’t net credit.

 

I'm sorry. What I saw was that calls were sold to fund the buys. ===Didn't mean to misunderstand.

 

Bring the “coquito”

 

still holding, 4680 perhaps

 

Not a buyer in sight so far. If yesterday's LOD doesn't hold - watch out below. We can easily see a good drop today.

 

Buyers showed up!

Let's see if we can trade above 4620 and next take out the HOD from here. If not, possibly stuck in this range until FOMC.

Momentum stalled as I was typing this. Range bound action still...

 

4660 - 70 if this get legs, but the day is still young. Too early to celebrate.

 

We're going down.
Maybe a lot.
I'd take 4624 and get out.

 

And on the 7th day, the lord sayeth “let it squeeze!”