ES Journal - 2021/2022

Good chance of a close below 3800 today.

 

That should bring out the Plunge Protection Team for sure.

 

According to my statistical model I now have about 15 % chance of a move above 3870 today, so odds actually does seem to favor a weaker close today, but hard to predict what exactly. Could be a move down towards the LOD or even a new LOD or just a close in the middle of the current range.

Main takeaway is that it's not looking very bullish from here at the moment.

 

I'd think it would be good for the cash gap to fill so that more downside would come in an orderly fashion.

 

Was trying to avoid scalping this year but it’s too damn tempting. Love this action today.

 

Cash gap closed. Let's see if we can head further down over the next few days.

 

Look at that candle on the daily. If we can hold here, looks like further upside in the coming days

 

Downtrend line is about 3905 or so. We'll see if there is a reaction there or before.

 

Epic day. That initial 45,50 point drop off the Open looks like a cute retrace now.

It would have been an ugly candle if today closed lower, so maybe 'someone' came to the rescue.

 

Possible, although the move to 3800 was a huge overreaction