ES Journal - 2021/2022

I had to look back to see where you were at. Is your mental stop still at 3742? We're getting kinda' close to it tonight.

 

I'll reevaluate the action there.

 

Unless you are averaging down, I don’t see how it is relevant perhaps to next CPI day, but November is usually up before thanksgiving.

 

Right now, I just think the pullback is a kneejerk reaction and will settle itself out. At the moment there hasn't been chart damage.

 

No trend damage

 

That chart is downright fugly.

 

It’s to keep thieves away.

 

• 
  Fed approves 0.75-point hike to take rates to highest since 2008 and hints at change in policy ahead

 

Long 75.75

SL 71

 

Weekly bounced as expected and daily approaching its own bounce zone in the opposite direction. Imagine how furious all those capitulators from today will be if it explodes back up again, for MAXIMUM PAIN!