ES Journal - 2021/2022

Stop raised to 3901.00 Current pricing is 3919.00

 

Stop raised to 3905.00 Current pricing 3918.25

 

One would expect this to sell off for the long weekend like we’ve been doing most fridays. So u know what that means right ? This is going to rip up during power hour

 

The last major swing on a Friday is up more often than down. About 63 % of the time.

 

Out at 3923.25 for gain of 15.75 pts.

 

As long as long as notional SPY volume via calls is 10x or more the the actual shares traded, we will keep rising.

SPX rising to cruising altitude at $4590 before the bird strike.

The sun also rises.

 

Yeah.

For 2020/2021 the actual number is 70 % of the time.

So, if you have a good buy signal otherwise on a Friday you can add this supporting statistic in your quiver.

Trading range - check. 7 points off to the upside. 100 points off to the down.

We barely dipped into last week's range this week and every dip was bought. The market seems to be in strong 'bull mode' for now.

 

Short 2 MES 3937 and 3944.25

Looking for a down week.

 

NO

 

LOL. This trade is like jumping out in the middle of the road and waving your arms for an 18 wheeler to stop. It might stop, but your more than likely going to get run over.