@Buy1Sell2 blocked me again lol ... weird dude.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
- Start date
- Status
SS 2744.5
stop at 49.5
stop at 49.5
Nope. Do you think in WW2 people were still talking about the Spanish flu? Societies eventually will learn to take a 0.5-1% hit of the old and weak because the other choice is recession and food riots. Or what is an even bigger fear, a revolution against the ruling class.
Too many people can lose too much and life can not stop. If this was the black plague with a 25% death rate and people dying on the streets, it would be different. But a 1% hit is completely justifiable psychologically, economically, etc.
Hell, even kids want to go back to school. Or at least play basketball.
stopped -5
With everyone and their dog being a bear - one simply cannot be anything than short-term bullish here. 
Stocks Just Had Their Best Week in Decades. Now Comes the Drop.
https://www.marketwatch.com/article...up-an-economic-coma-51586560230?mod=home-page
Published: April 10, 2020 at 7:10 p.m. ET
"Telling investors to sell now, in the midst of the coronavirus crisis, feels a bit like yelling fire in a crowded room—even if there are no crowded rooms anymore. Still, it feels like the right thing to do.
We’re not being bearish for bearishness’ sake. in fact, we’re optimists by nature. The market goes up over time, after all, and history teaches that it pays handsomely—especially in a retirement account—to keep the faith. But one of the things about the Covid-19 crisis is the speed at which things happen. It has been breathtaking...."
Do the opposite.
https://www.marketwatch.com/article...up-an-economic-coma-51586560230?mod=home-page
Published: April 10, 2020 at 7:10 p.m. ET
"Telling investors to sell now, in the midst of the coronavirus crisis, feels a bit like yelling fire in a crowded room—even if there are no crowded rooms anymore. Still, it feels like the right thing to do.
We’re not being bearish for bearishness’ sake. in fact, we’re optimists by nature. The market goes up over time, after all, and history teaches that it pays handsomely—especially in a retirement account—to keep the faith. But one of the things about the Covid-19 crisis is the speed at which things happen. It has been breathtaking...."
Do the opposite.
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ss 2667
stop at 78
stop at 78
I tend to avoid funnymentals at all costs, but it is very difficult not think of them during a time like this - not for trading purposes, but for general 'when am I likely to be able to go to the pub again?' purposes
One thing that seems somewhat questionable is Spain/Italy easing up on the lock down today, allowing non-key workers to go back to work by the millions. Is it me, or does that not scream 'second wave'? Someone said above that 2009 had multi-month rallies before deeper pull backs - maybe the 'second wave' is when we plunge to new lows. I say this as a number of posts above questioned what could really result in new lows bearing in mind everything that has happened so far - my guess would be a second wave.
From a technical perspective, market looks strong on 4H, next big level (if we make new highs) for me is 2835-40ish, let's see.
One thing that seems somewhat questionable is Spain/Italy easing up on the lock down today, allowing non-key workers to go back to work by the millions. Is it me, or does that not scream 'second wave'? Someone said above that 2009 had multi-month rallies before deeper pull backs - maybe the 'second wave' is when we plunge to new lows. I say this as a number of posts above questioned what could really result in new lows bearing in mind everything that has happened so far - my guess would be a second wave.
From a technical perspective, market looks strong on 4H, next big level (if we make new highs) for me is 2835-40ish, let's see.
With Europe being closed today and still on holiday - is there any reason to suspect a 'muted' US session today or is it business as usual in the good old USA?
With everyone and their dog being a bear - one simply cannot be anything than short-term bullish here.
Just from an overall sentiment standpoint (non tech/fund) I agree. Everywhere I look or listen it's " we are going to retest... We have to..." or "this isn't a one-off we can simply V back out of".. I don't disagree that we eventually revisit the range from three weeks ago - but it really wouldn't surprise me to see the big boys continue to push this higher.
Why not squeeze as many shorts out while sucking in as many FOMO bulls as possible before yanking the rug again?
Feels like pain trade is lhigher for now until people get less bearish. Sentiment can swing on a dime though. Stairs up /elevator down and such
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