ES Journal - 2021/2022

I would be slightly suprised to see us take out yesterday's high today. It's possible. It's happened before. But I wonder if that'll "kill" this down move.

Seems more likely we'll print an Inside Day or even take out yesterday's low by today's close.

Now, watch the market rally. LOL.

 

We just made and then re-tested and held a new accumulation zone on NQ 15204.50-15218.75. This is certainly best chance in past three days for us to make a bigger more solid move up.

It may ripped down 2000 points after I say this, but probability wise we should get at least 15317.25 target on NQ and I think decent chance we get 15434.75 target as well. Just need to start trading above the distribution zone.

If you notice NQ spending a lot of time in this zone lately, but this is the third trading day. Typically, the odds are it will not hold today as well.

 

NQ hit first target 15317.25 here, getting typical pullback after target being hit.

Still we need to deal with this zone. Need to start trading above 15328.50 consistently. Than that will open up 2nd target at 15434.75.

Again just like first time, they will need to spend some time in this area baiting in shorts, if they're going to have enough fuel to the fire to reach 2nd target.

 

We just touched top of the zone 15328.50 here finally. So far still looks pretty decent. Just need to start trading above 15328.50. Right now it's still holding.

 

Closing in on this week's RTH Open @ 4604.

Trading and closing above that would appear pretty darn bullish by end of week, IMO.

 

I am still looking to trade toward 2nd target (15434.75) but finding it hard to stay long up here, distribution zone seems like it may be holding once again. Unsure if they are baiting in shorts or not... price action starting to look kind of bad.

I mean it makes sense would take a long time for us to collect enough shorts to move higher, but this is starting to take longer than I'd like and not feeling as confident as earlier

 

Spot on!... Evolution of a Spooz trader... So says the Wise Man!

 

Added to short position here at 80.50.... 12 handle stop

Not a great entry at all ... NL retest would`ve been ideal @ 92 ish

 

Thank you guys.
The best book/article ever read.
Good luck.

 

Incredibly weak market, really thought they would at least make an attempt to trap some sellers/shorts there in NQ. Looks like liquidating long positions took priority. This NQ zone been a beast this entire week.