ES Journal - 2017/2018

[mastacoli71]

Debt levels are at a very high level compared to 87’ and 08’.

In ‘87 30 year yield jumped 300 basis points to trigger equities. 7.2—>10.2

We haven’t even jumped 100 basis from this years lows. Like 50 basis.

In 2000 and 2008 it took 150-200 basis more from current levels to trigger shifts.

In ‘87 from March of that year to October (7 months) to trigger the crash.

 

[mastacoli71]

It might very well be that the bottom is in on this down move. Or we might be retracing a sustained down move.

Regardless, I think we can expect a move at least down to 2683 some time this week. Maybe as early as tomorrow.

Even lower if market does not like election results. I think we are headin to the 2500’s very soon.

 

[Spectre2007]

Even lower if market does not like election results. I think we are headin to the 2500’s very soon.

I truly wish you make a ton of money.

 

[mastacoli71]

I truly wish you make a ton of money.

You and me both. Good luck to you as well.

 

[Buy1Sell2]

The market not selling off here one day prior to an election is very telling in my view. There is strength in the near term. Truth be told no matter what the outcome of the election, it would be hard to imagine that markets would be rolled. Even if Dems took both houses, which they won't, Trump would still check them with a veto.

 

[Laissez Faire]

Let's wait and see. There have been many late day sell-offs recently. Currently a slower market than recently. Might be consolidating today.

 

[Laissez Faire]

By the way - that wasn't an anticipation or prediction of a sell-off. Just saying that although it's not currently moving down, it can happen later today.

 

[Aj2014]

SS SPY 273.82
stop at 274.22

 

[Laissez Faire]

Not sure what the ES equivalent would be, but be careful shorting this. More range expansion to the upside is likely.

 

[Aj2014]

SS SPY 273.82
stop at 274.22

out 273.22 for +60c