ES Journal - 2023/2024

Support of the 3805 cash area appears to be stronger than I suspected. At this time I declare my prediction to be wrong.

 

What I see on hourly. Impulsive, corrective ... followed by another impulse.

Down, not up.

 

We'll see. My belief is that there will be a move higher from here. Doesn't mean in the next 5 minutes.

 

Yes, agree. However, I'm sure whatever Powell says today could change that. I'm not sure if his talk will be a non-event or not. But he can sure move the markets if he slips his tongue.

 

This ?

https://www.elitetrader.com/et/threads/directional-day-filter.3691/

 

I trade off of cash charts---Cash rules futures----Here is the hourly that I am looking at. I see it as pullback.

 

Watching it right now, he just stepped up to the podium.

https://www.riksbank.se/sv/press-oc...m-on-central-bank-independence/?autoplay=true

 

Tight 6 Points range just before RTH
Let's expend the volatility.
Turn on the volume.

 

Trend on 15 min cash remains down.

 

Trend on 5 minute chart is now up. Waiting for the 15 minute to exhibit up trend before doing any long entries on the 1 minute.