ES Journal - 2021/2022

[Buy1Sell2]

Futures are red. SPY down .45% pre-market. Ditto the Q's.
I'm gonna go out on a limb here with a btfd call.
This market reeeally wants to go higher.
I think a lot of weak hands were shaken out Friday and yesterday morning.
If they do start climbing at the bell, it'll be a very swift climb.

I assume you mean bounce and not longer term trend reversal up?

 

[vanzandt]

I assume you mean bounce and not longer term trend reversal up?

Strictly near term. But with that said B1, never underestimate the power of stupid money in the markets.
Friday could have been a low on the way to new ath's. I mean, nothing surprises me anymore.

 

[Zwaen]

Strictly near term. But with that said B1, never underestimate the power of stupid money in the markets.
Friday could have been a low on the way to new ath's. I mean, nothing surprises me anymore.

Perhaps 4370 would be a good area to watch for a short, if we go lower again.

 

[vanzandt]

Well we've got TSLA being punished. It's down over 8% and that's killing the Nasdaq 100.
Who'd have guessed. Where's the whales?

 

[newbie463]

Well we've got TSLA being punished. It's down over 8% and that's killing the Nasdaq 100.
Who'd have guessed. Where's the whales?

Selling Tesla.............. lol.

Elon playing with a new toy.

 

[vanzandt]

Selling Tesla.............. lol.

Elon playing with a new toy.

Odds are its Calpers, NY State Teachers Union, Illinois T/U all dumping their shares in protest.
TSLA is down 10% in one day.
Someones making a statement thats for sure.

 

[Overnight]

...
I'm gonna go out on a limb here with a btfd call.
This market reeeally wants to go higher...

BTFD is finished until the Fed starts QE again after the QT fails and we get the recession. So that will be, oh, another year or so?

 

[Buy1Sell2]

BTFD is finished until the Fed starts QE again after the QT fails and we get the recession. So that will be, oh, another year or so?

There are always chances to BTFD even in a downtrend in the US Stock Market. ES/SP is a long-only market.

 

[Overnight]

There are always chances to BTFD even in a downtrend in the US Stock Market. ES/SP is a long-only market.

FALSE

When was the latest BTFD since the beginning of the calendar year? Back in March? How well did that go? Not so good. Look at where we are today. Right back where we were at the previous dip. This is no V. It's a sideways Z with a Q, man.

 

[Buy1Sell2]

Futures are red. SPY down .45% pre-market. Ditto the Q's.
I'm gonna go out on a limb here with a btfd call.
This market reeeally wants to go higher.
I think a lot of weak hands were shaken out Friday and yesterday morning.
If they do start climbing at the bell, it'll be a very swift climb.

I suspect that the BTFD will occur tomorrow and Thurs this week. BTFD is always in vogue.