ES Journal - 2023/2024

The day is still fairly young...

I have a slight bullish bias (statistically), but it's far from certain...one of those fuzzy days.

Both ES/NQ reversed off the current 50 % level for now.

 

It's a juicy bear flag setting up over the last 90 minutes, but I have a hunch that today's not the day. I'm guessing a final decisive push above 4476 would be the death stab for the bears today.

NQ 15280 and ES 4497 looks possible by the Close if nobody sells into this level.

 

Fizzled out up there. Overall an uneventful afternoon session.

 

just look at the 4 points flat line, not trading today. booked $75 in YM, slow start.

 

Reestablishing Long position here @ 4454 even... with more to buy!

 

I strongly anticipate Fridays end of week closing print to be at or above the 4505-10 pivot.....

 

Jumping in long as well at 4452.50
SL 4438

 

I`m also bid SPX 4450 Sept Calls.... Friday EOD exit should I get hit!

 

if anything, better wait after the jackson hole. blood-letting on the bond side, bank runs will start again soon.

 

Curious what's your rationale is if it's not a secret? I was bullish going into this week and it looked good by Monday's Close, but Tuesday's late session sell-off made me re-consider.

Wouldn't be surprised to see this correction continue lower, but I have no strong opinion.