ES Journal - 2023/2024

4036,25 = last week's mid-point

4035,00 = week before last week's high

4029,50 = last week's POC.

This is a down trend by now, though. Just noting we're coming down to some levels of interest.

When the market simply trades through such levels that's also interesting.

 

If we break below Thursday's low of 4027 look out below.

 

That POC is also near a couple intraday measured moves. I wouldn't be surprised if we bounce around there and test back toward the open. Looks more like a bear doji day to me.

 

Maybe a test of the Open if lucky, but a close above is highly unlikely, IMV.

Tricky day for intraday trading, IMO. Maybe not if you're a scalper. First losing day in a few weeks today.

Maybe churn into FOMC on Wednesday is how it's going to be.

 

Hence bear doji day

 

Long 4040 and out -3. so much for that. waiting for lift off may be futile.

 

out +35

 

Seriously? That's a shocker. I thought he would be the last guy standing. [You: I sent your ass to the netherworld. Overnight: IDGAF!]

 

I've just queried his name in the search box and it ain't coming up.

 

I heard a rumor that he is actually Warren Buffet just having some fun