ES Journal - 2021/2022

Plenty of FBOs in both directions lately. Eventually - something's gotta give.

 

Probability looks more down to me. However, if you are right and we have a complete reversal and start trading back above daily supports, you'll have a huge day.

Candle closing below Daily ES 4490.50 and NQ 14633.25 trading below puts a lot of downside pressure. Only have RTY above daily support (1980.80) so if that goes below as well. Than all three will be below.

 

The view was brighter when I posted what you're quoting me on.

This demand zone around 4470 is still holding though and I managed to stay in my long trade through that drop since I'm swinging only a micro.

If we fail to break out one more time to the upside - I'll go flat.

For now, this is still holding as a messy bottom.

 

Two Inside Days in a row are quite rare, though, so something's gotta give by the close. Either 4462 or 4514.

 

There always seems to be a bid in this zone. Tricky.

Not shorting this. At least yet.

 

hanging on by a thread, but rocket is ready for either direction

 

Ah ok sorry, I did not check time should have. Obviously that's important.

 

The odds of an Inside Day following another Inside Day is about 4 %. So, pretty rare. Tagged yesterday's LOD, so no longer relevant.

The odds of an Outside Day following an Inside Day is better, though. About 17 %.

 

closed out with 55 points in red so far, don't see where the chart is going.