ES found support at the 50 % retrace of the initial move higher which was the 1299.00 level. I tried a short here after the level broke by a few points because of the momentum in the market at the time but I quickly scratched it for + 2 ticks as I saw the buyers coming in and I didn’t feel comfortable holding this trade any longer. I couldn’t find an entry to get long at that price so I passed it by being that my analysis was bearish and I was expecting more downside. Any way I tried a long at 1305 area on a pull back and ended up scratching that trade as well. After that I missed my short at my pre planned area at 1309-1311 level and it was good for 3 points. I need to stay at my computer more or at least monitor where the market is at better. Although the market was a little boring today and I needed to get lunch. The journaling of the market price action is helping me a lot with pre planning my trade Ideas so I will continue doing this. Tomorrow I’m expecting to see some more buyers come into the market. I will monitor the globex session and go from there.
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