ES Straight Up - End of Day Sept 4

ES skyrocketed 6456 to 6514.

After a brief 10-point sell to start the day, there was no looking back.

I started the day with this chart in mind, and I said: “the problem for me in this area is risk, on both sides” — that the highest return was in waiting for discovery. I needed to see conviction one way or another before stepping in.

Today, the market gave it.

We opened at 6471, probed 6456 early, and then ripped straight through every band of supply all session long, closing near 6515. That kind of directional conviction clears out weak hands and gives us much more clarity heading into tomorrow.

Here’s the final picture — you can see the straight up.

I didn’t place a trade, and that’s fine.

It would be foolish

to look back at a session like this and say to myself“I should have done this, I should have done that.”

There’s nothing to learn from that line of thinking unless I can point to a missed read.

The truth is, my process kept me out until the edge was there — and it wasn’t.

Why?

Because the setups I take require either a flush into a defined shelf with a reclaim, or a push into a rejection shelf with clear stall behavior.

Neither of those presented today:

The open at 6471 slipped briefly to 6456, but there was no decisive breakdown through 6451 or 6428 to trigger the failed-breakdown long. For shorts, there was no valid area after 6460 was taken overnight.

Instead, ES launched straight off the early dip and never looked back, grinding through resistance levels one after another without offering a structured retest or trap.

That type of straight-line trend day looks obvious after the fact — and it’s dangerous.

Many chasers were on the right side of the table today.

But, today’s price action is what creates the dangerous belief: “I figured it out.”

Chasing in the middle of a move, is risky business.

It would have meant abandoning my process and dismissing everything I use to reduce risk. I’d be putting myself in way of additional, unjustifiable risk.

My rules are designed to keep me out of those situations, and today they did their job.

Final Thought

Don’t let one trend day alter what you think you know. That’s usually just a tax Mr. Market collects down the line.

Cheers,

PriceTrader