I think ES will see a nice bounce if it retest this trendline it just broke out above.
BTC has tested supply 4 times now, I expect it to break eventually. I like longs on a retest of supply if it breaks above. If it's going to trend down, we have demand below that could be a good long as well.
The silver squeeze is underway, it's a risky thing to trade, but I think it's got a ton of room to run. I like entries on silver on the retest of this trendline or horizontal support.
I go over my trading journal after finishing the first week of my small account challenge last week and share some analysis for this week.
BTC had a big move up after an inverse head and shoulders. This supply zone is the last real obstacle before testing ATH again and most likely going to $100k
Another choppy and flat day for the challenge account. I think i did ok today but that lotto i bought should have been a call. Don't know what i was thinking buying a put after VX just broke below support. Oh well i should have been done trading at that point anyway. Next week will be better.
ES failed to break above high of day earlier. OPEX typically leads to chop, but I'll be watching to see if we can get any momentum tonthe downside.
There she goes. Beautiful retest of the bull flag and spike above that longer term trendline
ES tested the 5333 level several times overnight and couldn't break. It's trying again now whil VX is at the bottom of its range. I'd expect ES to fail here, but it moves above and VX makes a new low I'll have to reconsider my short bias.
I like this path on ES. If it plays out, 5300 will be a critical test. We could see a move back to 5200 if it doesn't hold.
Another choppy day, ended up near breakeven on the day after 2 trades. I don't mind having a breakeven day, much better than a losing one.
I thought GME had a good chance to rally after holding that trendline yesterday, but instead it gapped down below it and failed on a retest. Then we have a bear flag that has been broken to the downside. Rough day for the memes but I wouldn't be surprised if they squeeze at any time.
DXY held a critical support area after being in a shorter term downtrend. Bulls want to see this $104 area fail.
ES had a bull flag breakout and it looked like it was going to hold on a retest but the. It dumped. It tried to break low of day earlier and bounced, VX is barcoding. This bull flag has had a fakeout to the upside and downside no. Most important level for me is still 5300.
VX tried to breakout earlier but failed and ES held low of day. Choppy action, I expect chop until this range is broken.
VX has some brutal chop today. I don't expect any further break outs or sell offs on ES until this range on VX is broken one way or the other.
ES is continuing the run from yesterday and VX remains dead. I like longs for today. If it breaks premarket highs, I'll look for an entry on a retest.
Silver fell back below my trendline, but is forming a bull flag here.