ES Journal - 2021/2022

[speedo]

Just call @speedo “Fitty”

Nice work! Fella.

Love dat fitty !

 

[Buy1Sell2]

I went long at the closing today, for a trade that I anticipate will carry us to the 4000 area. I don't follow news and made this decision on technicals, but I imagine that it is possible that the market is starting to realize that Democrats will lose power in both houses in just 2 and a half weeks. The technicals reflect that something is happening that should carry us higher with the weekly now showing upward bias along with the daily. Monthly continues it's negative bent and I look for this lift to eventually be beat down and I will look to short again in the future. I'm long from 3763.00. Mental stop for reevaluation at 3635.

Out here at 3966.25 for gain of 203.25 pts. Too much, too fast today and I was targeting this area or slightly higher anyway. I'll get back in on a pullback or consolidation if need be.

 

[Big AAPL]

You got balls...Good job

 

[Overnight]

Out here at 3966.25 for gain of 203.25 pts. Too much, too fast today and I was targeting this area or slightly higher anyway. I'll get back in on a pullback or consolidation if need be.

You had better count your blessings on that CPI number today, and acknowledge the FA Gods. Because 3763 is right about where we were at midnight last night. Had the print gone differently, you would be licking some serious wounds.

 

[Relentless]

You had better count your blessings on that CPI number today, and acknowledge the FA Gods. Because 3763 is right about where we were at midnight last night. Had the print gone differently, you would be licking some serious wounds.

Salty much?

 

[Overnight]

Salty much?

You betcha', because I have learned that in this crazy high-inflation/Fed-driven market, FA uber alles. All these people claiming that is was some simple technical move, I call BS on their analysis.

 

[Relentless]

You betcha', because I have learned that in this crazy high-inflation/Fed-driven market, FA uber alles. All these people claiming that is was some simple technical move, I call BS on their analysis.

Makes sense. You use FA and go into massive drawdowns. They use TA and bank.

Pickup up on the subtle cues yet?

 

[Overnight]

Makes sense. You use FA and go into massive drawdowns. They use TA and bank.

Pickup up on the subtle cues yet?

I made some bank today on the FA, so pipe down.

 

[Laissez Faire]

@Overnight is right, though. A market can be understood and traded technically, but these days it’s all about inflation and FED policy, so these last three reports have been major catalysts down, down and yesterday up.

If that number came out 0.2% higher instead it seems logical we’d drop by an equal amount.

I wonder what Powell thinks about this latest move. I’m not sure he’s loving it.

Personally, I’m still cautious about reading too much into this rally at this point. Maybe it will get legs, but wouldn’t surprise me if it reverses.

 

[Master Pu]