SomewhatNewbieTrader
223 posts

SomewhatNewbieTrader
@NewbieMkTrader
ES trading, long uranium. Nothing I post should be construed as financial advice. Do your own research.


Red open for #ES_F last eve but as usual Sunday, it was bought via Failed Breakdown. Per newsletter, traps of Sunday 7398 daily low trigger long. We lost 7398, reclaim, ran +20 Plan: 7398=support, 7377 below. Keeps 7421, 7435, 7458 live. 77 fails 7364 (watch traps), 7345 next



We've finally got volatility in #ES_F and that makes trading easy again after days of grind from Monday's 7199 long. 7369 was support, and we bounced ~20 points off it, then rejected. 7355 next down (watch traps here). 7369, 7377 above. 7332 next below if we keep dipping



Very good to see some mild volatility returning in #ES_F. After Sunday's 7085 backtest long OR 7120 Failed Breakdown, we ripped to 7180s this morning. 7120 then became support. Held exact 11:30AM for 20 points, failed 7120 must reclaim to rally to 7135, 7147. 7085, 7058 below





Slow grind down now in #ES_F with our points in the books little to but wait. Today's target off 6575 support (6592 reclaim trigger) were 6604 (hit), 6623 (hit), 6638 (not yet). Bulls must recover 6575 now to see 6592. Bears control below 6592. 6542, 6524 next supports down



Muted 1st FOMC reaction. 6716 support & I posted to watch for sweeps of it. Before FOMC, we lost it by 1 point, recovered, and popped. 6735 was first big resistance up, hit. 6743, 6749, 6764-70 if #ES_F wants more. Bears control until 6764-70 recovers. 6703, 6690 supports now



*Finally* the first small injection of volatility/retrace for #ES_F since Tuesday morning when our 6832 Failed Breakdown originally triggered. Bulls must recover 6943 now to work up to 6961, 6971 (already hit), 6980. 6925-30, 6918, 6904 next supports if we continue small retrace


Closing update: Needed red day but barely felt like one with 0 volatility #ES_F struggling to move with any pace. Today's all about 6847 as posted. Was support, now resistance backtesting exact for for 1.5hrs. Must reclaim this eve to start rally. Newsletter out soon with entries



We keep hitting 6868 target and there's test #4 in #ES_F. As posted 6847 to 6868=tight coil to setup trend. We held 6847 support 2x. 6852-55 reclaim was long trigger with 6863, 6868 targets. Just hold runner now. 6877-80, 6889, 6903+ next up. Dip only if 6847 fails on Test 3





Monster volatility continues. #ES_F making 50 point moves with ease. We recovered 6623, ripped to 6638-42, then 6652 targets. I then posted we sell again below today's low, and flushing. Lvl to lvl traders market. 6572-74 support as posted, 52 below. 6588 must recover to rally


We've arrived back at 6701 in #ES_F. Yesterday's 6638-42 reclaim long given at 2:40PM had two main targets: 6701, and 6764. 6701 was big resistance yesterday, now working into it from above. If this doesn't hold 6685, 6668 below for more retrace Bulls must reclaim 6728 to rally


There's 6701 support in #ES_F and finally some downside range expansion. 6740 reclaim was long trigger and we got it 2x today taking to 6772 target on the 1st, and 6664 magnet on the 2nd. Do not knife catch & wait for reclaims 6701 reclaim sees 6708, 6716, 6723+. 85-88, 66 below


Note this is likely the final dip leg #ES_F sees before ATHs and the more red here, the farther the next leg goes - microdip so far after the 210 point squeeze from Friday's 6690 long No change: 6877 must reclaim to pop to 6893, 6899+. 6857, 6848 below if we continue the retrace





Microdip still under way in #ES_F but still very slow. After rallying 60 points from yesterday's 6840 reclaim long to 6899 target, 6877/6865 were first supports today. We held 6877, bounced 9 points, trapped 6865. Bulls must recover 6877. 6865 fails now, dip to 6857, 6848



Levels continue to respect well and #ES_F likes 6798-6803. It was support for today which I posted at 7:50AM. It held nicely, and we ran to 6828, 6841+ targets provided. Just held *again* at 1:40PM for 15 points. Weaker No change: 6818 must clear to see 6828, 6841+ again. Dip<98




