ES Journal - 2019/2020

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systemtrdr said:
So XLF is down 1.8% today .. which is far worse than Nasdaq, Dow, or S&P.. I guess I'm confused on how that is looking very good? I would think you would want to see it the other way around if you think financials are leading the way up.
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It's a great buying opportunity in my view as we continue the move off the bottom higher.---much much higher.
 
Gaslight Capital said:
If it is $600, market will be at all time highs in hours or days.
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Yep, and we must remember this is not a free market, but a FED MARKET. If we do go to ATHs, I think it will be the BOT (Blow Off Top) of all times.
If the FED money flows continue, I see gold and silver as huge winners.
McDonald's hamburgers at $100 a piece anyone ?
 
It would be unlikely in my opinion that we would breach the recent low of 22.49 in XLF. Rather, I believe that to be the springboard to higher pricings. --Staying long---
 
systemtrdr said:
So XLF is down 1.8% today .. which is far worse than Nasdaq, Dow, or S&P.. I guess I'm confused on how that is looking very good?
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One simple answer: the market is totally irrational right now..and totally unhinged from reality. Euphoria, hype, hoopla and craziness over stock pricing prevails. Part of it is due to those Robinhood retail traders. They are a big factor now.
 
syswizard said:
One simple answer: the market is totally irrational right now..and totally unhinged from reality. Euphoria, hype, hoopla and craziness over stock pricing prevails. Part of it is due to those Robinhood retail traders. They are a big factor now.
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i feel like the ES is always irrational. Price action tells enough of a story to make money though
 
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