Should be interesting. The last meeting had a pretty benign response.
Anyway, looks like we have a range between 3225 and 3190 for now.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
- Start date
- Status
Should be interesting. The last meeting had a pretty benign response.
Anyway, looks like we have a range between 3225 and 3190 for now.
Let's hope they don't say they are watching for signs of oversupply of liquidity.
That's the range.
And this range is either a consolidation before the next push higher or it's a top in the making.
I think we're good for another good push higher, but admittedly not more than an uneducated guess at this point.
I bet a long from 3205 with a stop @ 85 could be a fantastic swing long from here. I'm not taking it, though.
It really feels pinned in a corner at this point. Not a fan of long with the day / week charts pretty much vertical w/ gaps - and obviously shorting against a market that only wants to go up or sideways isn't super appealing either.
I'm still good with slowly adding onto my short positions up here but wouldn't be surprised at all to see it take off and take me out here at some point.
I think it's everyone's guess at this point.
Regardless of all gaps below and a near vertical rise - the trend does remain up for now and shorts on higher time frames have been ruthlessly punished so far. If the markets indeed are irrational, that may persist for quite a bit longer.
It wouldn't surprise me to see a test of the ATHs before (if?) we do retrace/sell lower.
Short term, i.e., today. I don't see why we can't print 3250.
Regardless of all gaps below and a near vertical rise - the trend does remain up for now and shorts on higher time frames have been ruthlessly punished so far. If the markets indeed are irrational, that may persist for quite a bit longer.
It wouldn't surprise me to see a test of the ATHs before (if?) we do retrace/sell lower.
Short term, i.e., today. I don't see why we can't print 3250.
I agree. My trade position is higher risk trying to get in front of the move.
Much easier / smarter to do what @theapprentice is doing. Work that Fed system
Last edited:
If I can get a good long entry this morning - I'll consider just holding it at B/E + 1,0 points or so going into the FOMC.
Don't normally trade during FOMC as it seems like a gamble to me, but I might do it today if I can keep my risk controlled.
Don't normally trade during FOMC as it seems like a gamble to me, but I might do it today if I can keep my risk controlled.
Big tech (NQ) blows thru 10,000 with no hesitation. Pretty impressive.
https://www.dailyfx.com/forex/marke...00-for-the-First-Time-Ever-Bulls-Rejoice.html
https://www.dailyfx.com/forex/marke...00-for-the-First-Time-Ever-Bulls-Rejoice.html
- Status