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  1. S

    ES Journal - 2023/2024

    banks are crashing after the fed's backstop to prevent exactly this. if that doesn't trigger a major liquidation break/sell off scenario, what will? perhaps those who wanted to short were already short.
  2. S

    ES Journal - 2023/2024

    rip pacw. looks like bulls likely getting fisted tomorrow.
  3. S

    ES Journal - 2023/2024

    only ones i could see off hand were "slowing growth", fed announcement tomorrow, and debt ceiling (lol). I hate to jump in front of PA, but this seems like a last ditch effort to sell the crash, and smells like a shake out. I sound like a permabull but I swear I'm not. shorted iwm this am but...
  4. S

    ES Journal - 2023/2024

    spx tagged and rejected the 20 monthly MA today, fwiw.
  5. S

    ES Journal - 2023/2024

    would also be nice to see russell break this pivot. right now it looks like a multiweek bear flag..
  6. S

    ES Journal - 2023/2024

    personally looking for a multiday run up to 4300. but the vix is now lower than pre 2022 bear market, and we might not have the implied vol to get there, or it may take longer than expected, so I fear this might be too greedy. the high speculative short interest despite the low vix is also...
  7. S

    ES Journal - 2023/2024

    been watching this for weeks. question is what happens after the shorts get squeezed out and what it would look like
  8. S

    ES Journal - 2023/2024

    russell bringing the market down PM, same as it did on 4/25. nasdaq not a single f give. makes total sense. though not entirely surprising, since bottoming on russell usually takes multiple days. it needs to hold 171 support though
  9. S

    ES Journal - 2023/2024

    https://www.elitetrader.com/et/threads/regional-bank-scare-2-0.373966/ this sell off was sus to begin with
  10. S

    ES Journal - 2023/2024

    pc ratio suggests we saw a local top and shorting rallies is probably the play for the next couple of weeks. big tech just had blow out earnings, and yet nq still below the AH high from yesterday. that's not suggesting a bullish environment. burden is on the bulls to reclaim that level...
  11. S

    regional bank scare 2.0?

    to clarify, I think the lingering question since March had always been, if banks had been suffering, what else got damaged? And did the market fully price it in? not so much are banks still liquid/solvent, because we already know the fed has guaranteed depositors. it's likely the reason why the...
  12. S

    regional bank scare 2.0?

    market is selling off because of FRC losing deposits, but we already saw this in march. is this a bear trap/dip buy opportunity, or did the market fail to appropriately price in the full implications of super fast rising rates the first time, like it did with covid in Jan, 2020. thoughts?
  13. S

    ES Journal - 2023/2024

    3950 spx or around 200d ma is what I think, though i'm personally short russell.
  14. S

    ES Journal - 2023/2024

    so you're saying people knew the market had bottomed by q3 2022, hence every dip was bought, but the situation is different now? and also that's not true. googl, amzn, msft all had horrible earnings reactions to the downside between 10/25/22-10/28/22, and continuations to the downside for over...
  15. S

    ES Journal - 2023/2024

    I don't understand
  16. S

    ES Journal - 2023/2024

    over the weekend I did a quick look back at the last 3 quarters on the days when megacap earnings were happening, and couldn't see a significant effect of these earnings on the general trend of the overall market. Even amidst huge 10% gaps in two of the names (don't remember which ones), market...
  17. S

    ES Journal - 2023/2024

    Monthly options have am expirations. Whatever open interest there was yesterday was settled before the open. So I doubt that has anything to do with the pa today
  18. S

    ES Journal - 2023/2024

    large speculators have been very bearish, while price has been moving up, so bull case was to simply fade the herd. we just had 4 tight days in a row. expectation was that we have positive follow through today, or at the very least dip getting bought towards EOD for a stronger close. wanted to...
  19. S

    ES Journal - 2023/2024

    I flipped bearish.
  20. S

    ES Journal - 2023/2024

    4150 spx high pin risk
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