ES Journal - 2014

iloveoptions said:
Typically the market goes sideways to down this time of the year, yet I can't help but seeing a zigzag move to 2000 by mid to late August barring any detrimental event. It seems like a lot, doesn't it?

Let's not forget though that we haven't had much traction for a while now, and I suspect that many are shorting with little expectation for upside. Their likely stops are some 40 points above from here, which will be an incentive for the big funds to tag. A win-win situation for the few and brave longs.

:)
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it would not be a surprise given the 5 plus year bull run but i think you will need all indices to participate for this to happen.
 
Not a fan of the slow churn up with contracting volatility. I understand that this is the day before a holiday, but today was the first day I've had to take a trade with a higher TF due to the lack of volatility in the markets.

Less volatility = less opportunities, which means less margin for error.
 
wiesman02 said:
Not a fan of the slow churn up with contracting volatility. I understand that this is the day before a holiday, but today was the first day I've had to take a trade with a higher TF due to the lack of volatility in the markets.

Less volatility = less opportunities, which means less margin for error.
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a good day NOT to trade.....I keep having a nagging thought that since we never saw a real decline in May...June might be the "when" and perhaps next week ppl getting a jump on a down move...................................................................................

or may be not...:confused: don't have a clue
 
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