ES Journal - 2021/2022

Out. Ave. price 3893.75. +160

Back to NQ

 

Close above or below 3906?

I vote above.

 

I'll be a sport and vote below. Just to keep everything balanced. lol.

 

I feel fairly certain we have the LOD for the day. The way I read this we are stuck in a trading range bound by yesterday's LOD and the 50 % Level for today's RTH session.

If we break out of this trading range and above 3906 I don't see why we can't trade all the way back up to 3920 +++ with the small chance we print a new HOD going into the Close.

If we break out below - I think we'll find a double bottom / higher low for a move back up above 3902 for the Close, but probably not much more.

Main two scenarios I can see unfold here. The third one is we actually sell off further. Less likely, IMO, but you never know...3865 below if we do.

 

that covers all the bases, and it is reasonable logic. must get a close over the 5-6 level to see if that push towards 20 can happen. being tested now.

 

Out and Long at 3907.00 for gain of 8 points. Initial stop 3892.00

 

and blast off........its #1!!!!

 

Personally, I'll be happy with 3920 - but I have 3927/30 as outlier targets by the Close.

It's happened before and it can happen again, but might be a stretch. Let's see now.

 

let's squeeze up to 26.25 then close around 20ish.

 

I shouldn't be doing this good in retirement. LOL