ES Journal - 2021/2022

Didn’t trade futures today, out most of the day.

But couldn’t resist jumping in AMZN leap trades before market closes. Long 5 June call $100 and short $125 call expiring tomorrow, let’s see where its earning lands.

Even MS said the market has some rooms to bounce. Go long.

 

This is what I got - and yep I know my Wave 4 is into Wave 1 and that is a no no or so Prechter sez anyway. Markets don't always follow the rules:-

 

Oof. Bad luck on the timing.

 

NQ hit Daily support earlier today while was away. I see ES just now hit its Daily support. Should see some type of bounce here if going to get one. 3777.

 

Lets see what happens after the Apple earnings first...

 

Stop out 3779 for my previous long position 3775. Will back in shortly.

 

hopefully AMZN and msft will bounce back 10-15% from today. That’s the idea.

 

Some beautiful 2 leg pullbacks on the smaller timeframes in the AH on ES.

 

That will be an interesting one to watch. Right now is the first time AMZN has breached its long term trend going all the way back from 2015.

 

I followed Elliott Wave in the beginning of my trading career but soon gave up due to its subjectiveness. Anyway, been adding to my existing short all day. Hopefully, this market doesn't surprise me (again) with it's face ripper