ES Journal - 2019/2020
- Thread starter Buy1Sell2
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Anyone else think we'll close at 2990?
No
Having done some homework, the exact LOW I came up with is at or around 2500. It would be approximately 17% drop from today's price and it will take, give or take, about 90 trading days or about 4 months.
so, now we have:
2,690
2,650
2,610
2,500
2,449
2,400
And the winner is....
Any takers in predicting a top?
I'll throw-in 3,020 to start
What could upset all above is the Dollar Index, it encompasses all, trade, the Fed, Earnings.
2,690
2,650
2,610
2,500
2,449
2,400
And the winner is....
Any takers in predicting a top?
I'll throw-in 3,020 to start
What could upset all above is the Dollar Index, it encompasses all, trade, the Fed, Earnings.
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2994 now... bear market started today B1.... save the 74 points buddy.
I thought you've been saying that since last December. LOL Anyway, I'm with ya this time.
Yes, it's very easy. You multiply 3000 by 1.8 = 5400. This ratio is based on
Forbe's prediction of Dow 50,000.
https://www.forbes.com/sites/robisbitts2/2018/04/18/heres-when-the-dow-will-hit-50000/#f622b0455094
So anyone holding a short for multiple years will run into issues.
Naaa. Permabull really. 3090 is actually my upper target here near term; it may or may not hit, but I would expect a sharp upspike off this consolidation before we head down.
The economy is strong, there's no recession looming. The only reason I think we might get a sell-off is strictly based on everything going on in DC. From the impeachment stuff to the upcoming election. I think it is true that if Warren starts gaining some steam Wall Street will get spooked. There's a lot of uncertainty right now, plus we have the Fed in like 2 weeks.
But you know all that being said... if you look at a 5 year chart.... the S&P sure looks like it's not done climbing.
indeed, 100 year of history tells you the US markets will always go up, however, during the march upwards, there are dips... recent dips were: Feb18 (2,532), Oct18 (2,594), dec18 (2,310), May19 (2,715) ,etc, etc. We all know this so what's your point?
I can also say that anyone holding a long for multiple years will make profits if the account can sustain a reversal of up to 700pts before the profit gets realised.
If you are an investor not on margin, you'd be crazy to short... just buy the dips and you'll be right forever. But, we are traders on margin here so short plays are legitimate trade when the view is that a dip is likely.
I fail to see the point of your post nor what you are trying to say.
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