Yesterday, ES broke its 6 day losing streak for a relief bounce
& follow through today critical if this isn't to be a dead cat
bounce Plan today: Supports = 4455-60 & 4445. Bulls must hold
those if bounce real keeping 4485/4530 in play. Fail & sees
4380 strong support quickly
Note: The launch yesterday in ES was basically out of that
general support zone mentioned above (4445) lowest, therefore if
the breakout is real it should defended with strength. Loss of that
zone a clear sign fail in play and new lows should be next
Posted by jj4376jc on 16th of Sep 2021 at 09:00 am
Thanks Steve, I appreciate this morning commentary. I personally
bought a couple ES contracts at 4474 this morning. The tougher call
for me is what you mentioned, is this a dead cat bounce, or the
beginning of a short term uptrend. We will see.
Posted by jj4376jc on 16th of Sep 2021 at 09:37 am
That escalated quickly, got stopped out at 4485. Quick profit,
but thought I would have time to adjust upward if I wanted to.
Looks like a good call short term anyway though
ES Globex Range 4456-4478.50 Trader's view Yesterday,
Posted by steve on 16th of Sep 2021 at 08:48 am
ES Globex Range 4456-4478.50
Trader's view
Yesterday, ES broke its 6 day losing streak for a relief bounce & follow through today critical if this isn't to be a dead cat bounce Plan today: Supports = 4455-60 & 4445. Bulls must hold those if bounce real keeping 4485/4530 in play. Fail & sees 4380 strong support quickly
Note: The launch yesterday in ES was basically out of that general support zone mentioned above (4445) lowest, therefore if the breakout is real it should defended with strength. Loss of that zone a clear sign fail in play and new lows should be next
Thanks Steve, I appreciate this
Posted by jj4376jc on 16th of Sep 2021 at 09:00 am
Thanks Steve, I appreciate this morning commentary. I personally bought a couple ES contracts at 4474 this morning. The tougher call for me is what you mentioned, is this a dead cat bounce, or the beginning of a short term uptrend. We will see.
Reminder OPEX Week and FOMC
Posted by steve on 16th of Sep 2021 at 09:05 am
Reminder OPEX Week and FOMC Meeting on September 26th (Do they Begin Taper?)
Corrective Bounce Option
Posted by steve on 16th of Sep 2021 at 09:03 am
https://twitter.com/TriggerTrades/status/1437929656427048960/photo/1
This looking like a pretty
Posted by jj4376jc on 16th of Sep 2021 at 09:46 am
This looking like a pretty good call.
That escalated quickly, got stopped
Posted by jj4376jc on 16th of Sep 2021 at 09:37 am
That escalated quickly, got stopped out at 4485. Quick profit, but thought I would have time to adjust upward if I wanted to. Looks like a good call short term anyway though
I like it...hope it happens
Posted by fredsaid on 16th of Sep 2021 at 09:23 am
I like it...hope it happens !
Thanks
Posted by jj4376jc on 16th of Sep 2021 at 09:06 am
Thanks