ES Journal - 2015
- Thread starter Buy1Sell2
- Start date
So if you are one that believes cash rules futures, then we are making an attempt at the lows of last Mon 12/14. And this would be the first attempt at that low.
The FED through bank proxies will never allow sustained downdraft in equities, they have too much to loose. If equity prices continue to deteriorate it will lead to further carnage in junk bond market, which will spill over into other derivatives. This will totally undermine their strategy and further QE will be needed.
The easiest thing to do is catch everyone with their pants down and goose the spooz into the close. The market is range bound, the bottom is protected and the top is suppressed. And thats what we have seen the past year. A range bound market, as the true economy deteriorates, it keeps long term interest rates checked, leading to flattening of yield curve. And this exactly what is happening.
Chris
The easiest thing to do is catch everyone with their pants down and goose the spooz into the close. The market is range bound, the bottom is protected and the top is suppressed. And thats what we have seen the past year. A range bound market, as the true economy deteriorates, it keeps long term interest rates checked, leading to flattening of yield curve. And this exactly what is happening.
Chris
it can't remain flat forever
and it's stupid to predict that the market is headed to 1600 or 2400, which a few people on ET are doing right now, that's nothing more than gambling
short on the break of 1900 and long on the break above 2138; trade the range if you like but trying to call tops or bottoms is nothing more than bag holding
why short here...rationale?
why short here...rationale?
he's already called the top in the market so he thinks it can't go higher
same reason as yesterday. we are in a downtrend and I have a short setupwhy short here...rationale?
