ES Journal - 2021/2022

[schizo]

I know we both got bullish too early but I'm positioned for the face ripper!

Not that I want to spoil the fun, but this could just be a big thud. I mean, it wouldn't be any surprise for the permabears to exclaim "See, I told you so".

 

[sidbunch]

I'm clsoe to getting bailed out on my shorts here lol
not my greatest trade still

 

[schizo]

zzz

Today feels like one of them "yeah, whatever" days. Can we just make up our minds and go either up or down?

 

[c1rcle]

zzz

Today feels like one of them "yeah, whatever" days. Can we just make up our minds and go either up or down?

Seems like a slow grind down again now.

 

[c1rcle]

New weekly low close on the SPX. Surely this reduces the chance of a bottom now?

 

[mervyn]

Today is not my day, 15 points in red.

On another note, 10 TQQQ 17.50 put is a hair above water, not sure I will get the assignment or not, it closed at 17.57, in the last 60 seconds came back from LOD 17.47.

 

[Sekiyo]

Call 911 !

 

[tiddlywinks]

New weekly low close on the SPX. Surely this reduces the chance of a bottom now?

Weekly CLOSE is lower than previous week, BUT the close is above previous week low.
Weakness remains, but it could be weaker! More of the same dippy whippy action is my expectation. JMO. A lot can change/happen over the weekend, to get me out of this slow-mo bear stance. For the time being 3200 is downside, with zero chance of ATH, not to be confused with major counter-trends.

 

[SunTrader]

Not that I let the crowd's bias effect me but when many talk of ... could this be the bottom (?) the weekly FED Assets vs $SPX chart brings it all back to reality for me:-

 

[c1rcle]

Not that I let the crowd's bias effect me but when many talk of ... could this be the bottom (?) the weekly FED Assets vs $SPX chart brings it all back to reality for me:-
View attachment 297488

Wow they have hardly even started selling anything off yet!! 2400 here we come.

You would expect to see the balance sheet make large moves down around each SPX peak. Or don't they have anyone who knows TA?

Could be a medium term bottom though I guess.