ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Day traders don't look at the monthly.
Market sense eyeing today's finish would say tomorrow we go up, but with that said, I can't say that with a lot of confidence.
Bear rally spikes happen until they don't.
We haven't seen the last of them, that's for sure... but there will come a day when the (BIG) drop comes out of nowhere.
I don't think tomorrow is that day however.
That day (and it will be swift and brutal when it does come), will only happen when the long term climb is once again ensured.
That said, these little ratchet moves.... I think tommo will be up.
If not... well... then we are going substantially lower because by all rights, tomorrow should be a bounce. Bear market or not. If we drop tomorrow... whew.
Bear rally spikes happen until they don't.
We haven't seen the last of them, that's for sure... but there will come a day when the (BIG) drop comes out of nowhere.
I don't think tomorrow is that day however.
That day (and it will be swift and brutal when it does come), will only happen when the long term climb is once again ensured.
That said, these little ratchet moves.... I think tommo will be up.
If not... well... then we are going substantially lower because by all rights, tomorrow should be a bounce. Bear market or not. If we drop tomorrow... whew.
Ratchet moves? Don't you see how on-edge these markets are? This market is now under full FA control. Technicians are going to get blown to smithereens if they follow the old patterns of the past 8 years.
THIS is what matters on Wednesday. Tomorrow is just Fed-speak noise.
And just wait until Thursday, holy shit!
Experience says markets always go up before they go down.
They went down today.
As I said, if they go down tomorrow considering last week.... uh-oh.
I wish I had your confidence.
Here's the 1Y lookback...
The YTD lookback...
And the 3-year lookback...
It is not looking well for bulls.
We need Diva Laguna to save us bulls, but she is off in a different section of the galaxy. Without bad numbers, the markets are going to keep getting sucked into the black hole of negativity that is this year.
I'm with VZ that they'll pump up the market before pulling out the rug. It's the same story every time.