Out and Long at 2573.50 Initial stop is 2543.00
ES Has Topped
- Thread starter Buy1Sell2
- Start date
Your stop is right in the target zone for the next drop
Certainly possible.
We've stair-stepped for better than 18 months, with the new-high "stair" lasting for ~5 weeks.
But on 09/29 (~6weeks ago), rather than finish a 'stair' width of flattish/decline, we popped again, and except for 10/23-10/25, have meandered north since.
A big tax change is a worthy "Regime Change" event, sure.
"Repeal/Replace" would merit that, too.
An unexpected FED/FOMC action would change things!
But none of those things have happened -- we're just meandering north.
We *have* had solid numbers from Europe and from Asia -- and maybe some "political unrest" (ennui??) is being baked in at home.........
But what to me seemed a hugely predictable enterprise is now.... a LOT less so.
I don't feel comfortable hazarding an opinion on (shorter-term) market direction right now....
I need "tells" that are once again reliable.
Sheeesh.
But on 09/29 (~6weeks ago), rather than finish a 'stair' width of flattish/decline, we popped again, and except for 10/23-10/25, have meandered north since.
A big tax change is a worthy "Regime Change" event, sure.
"Repeal/Replace" would merit that, too.
An unexpected FED/FOMC action would change things!
But none of those things have happened -- we're just meandering north.
We *have* had solid numbers from Europe and from Asia -- and maybe some "political unrest" (ennui??) is being baked in at home.........
But what to me seemed a hugely predictable enterprise is now.... a LOT less so.
I don't feel comfortable hazarding an opinion on (shorter-term) market direction right now....
I need "tells" that are once again reliable.
Sheeesh.
