ES Journal - 2023/2024

Discussion in 'Journals' started by Buy1Sell2, Dec 6, 2022.

  1. Buy1Sell2

    Buy1Sell2

    Currently weekly chart---
    upload_2023-2-18_16-9-18.png
     
    #2421     Feb 18, 2023
  2. easymon1

    easymon1

    In the event that's a weekly cup n handle a definitive break above the neckline projects a 100% target and a hella nice move.
     
    #2422     Feb 18, 2023
    Buy1Sell2 likes this.
  3. mervyn

    mervyn

    BOA calls for 3800 by March 8, let’s see if they are right. I think I can go long around that.
     
    #2423     Feb 18, 2023
    Spooz Top 2 and Builder17 like this.
  4. March 8-14 would be a good place to be looking for an intermediate-term low.

     
    #2424     Feb 19, 2023
  5. They really did a great job protecting 3800 in late Dec/ jan. Bulls gonna need this back over 4120 asap or trouble brewing
     
    #2425     Feb 19, 2023
  6. Keep in mind there's a third alternative to trending up or down: range bound.

    And that's what the market's been for this entire month so far.
     
    #2426     Feb 19, 2023
    Builder17 likes this.
  7. Buy1Sell2

    Buy1Sell2

    Bull flag (becoming a bull pennant) at handle of the cup.
     
    #2427     Feb 19, 2023
  8. Buy1Sell2

    Buy1Sell2

    Friday's candlestick on daily chart. Have to go back a long way to find one of these in a market that is pulling back. I interpret it as likely bullish but Tuesday's action will be needed to verify.
    upload_2023-2-19_11-37-24.png
     
    #2428     Feb 19, 2023
    Spooz Top 2 likes this.
  9. tiddlywinks

    tiddlywinks


    It is a difficult call. Cash and futures are not synced... in both action and volume. Additionally, the charting time factor of RTH or 24hr, is a variable of analysis.

    Here is S&P CASH index with default TradingView settings...

    Of note, is Friday opening, high, and closing BELOW Thursday low.
    Volume on Friday was highest since the drop of February 9.

    spcash.png


    Here is ES with TradingView default settings.

    es.png
     
    #2429     Feb 19, 2023
    Builder17 and Buy1Sell2 like this.
  10. Buy1Sell2

    Buy1Sell2

    Interesting, but I still feel that cash rules futures and I just don't think the 24 hr chart gives the best picture overall. The continuous chart could be used during the overnight, but I would never use it during RTH.
     
    #2430     Feb 19, 2023