ES Journal - 2019/2020

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FXtrader8911 said:
Dangerous times, dangerous levels me thinks.
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Specterx said:
There are many possible triggers.

None of these are happening now and for the moment I'm very bullish, and if you put a gun to my head I'd say we have at least 2-3 years left in this bull, but conditions can change on a dime.

One thing's for sure, we've entered a new phase where greed and FOMO, rather than fear of loss, is the dominant psych in the market.
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Yes.

I read a short article on the 08/09 Financial Crisis earlier this weekend:

“There was a complacent assumption that crises were a thing of the past, and that there was a ‘great moderation’ – the idea that, over the previous 20 or so years, macroeconomic volatility had declined,” says Daunton.

“The variability in inflation and output had declined to half of the level of the 1980s, so that the economic uncertainty of households and firms was reduced and employment was more stable.
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“In 2004, Ben Bernanke, a governor of the Federal Reserve who served as chairman from 2006 to 2014, was confident that a number of structural changes had increased economies’ ability to absorb shocks, and also that macroeconomic policy – above all monetary policy – was much better in controlling inflation.

“In congratulating himself for the Fed’s successful managing of monetary policy, Bernanke was not taking account of the instability caused by the financial sector (and nor were most of his fellow economists). However, the risks were apparent to those who considered that an economy is inherently prone to shocks.”
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It's my impression that many people are saying the same things now.
 
Laissez Faire said:
Weekly prediction:

So, we just had a Monday making ATHs and closing at top of the range. Nice.

Historically, this pretty much guarantees a weekly positive close (above 3265,75) for the week.

Could see a dip from here, but most likely we printed the week low today and should see the week high at somewhere between Wednesday and Friday.
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And that played out as expected. Nice. :)

Weekly Prediction Week 4:

My weekly technical model predicts next week as a down week closing down between 1-2 %.

The week high should be in by Tuesday or Wednesday and we should see the week low on Thursday or Friday.

This could be the start of a multi-week correction before the next major leg up.

It feels risky to bet against this market, but this is what my data is telling me, so I'm going with that.

Let's see how it goes.
 
LOD most likely set for today. Should see a run towards 3328 or more by the Close.

Hopefully, that can set up a nice double top for some selling lower by end of week.

IMO. :)
 
speedo said:
I suspect the real traders are focused on their own trade plans
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I haven't touched ES since summer time. Been all Oil and oil sector stocks for me. Learned to stick to what works for me.

This thread for sure was fun though when NQcurious was posting and it was more active overall.
 
_eug_ said:
I haven't touched ES since summer time. Been all Oil and oil sector stocks for me. Learned to stick to what works for me.

This thread for sure was fun though when NQcurious was posting and it was more active overall.
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Yep, trade what's comfortable and what you know.
 
_eug_ said:
I haven't touched ES since summer time. Been all Oil and oil sector stocks for me. Learned to stick to what works for me.

This thread for sure was fun though when NQcurious was posting and it was more active overall.
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You in Thailand or Canada these days?
 
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