ES Journal - 2021/2022

Just so all know---in my view, there has been no top in ES/SP as of yet and I look for higher pricings. I am enamored of 4200 .
I am enamored of 4200 SP500
I, myself, am enamored of 4200.
Just remember ---I am enamored of 4200 and came out with that well before GS came out with 4100.
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Based on what I see, on the long side we maybe maxed at the 4220-30 area, but if we get any downside surprises, this will open the door to higher levels,

We did get a little downside, just enough to get past the 4220-30 area, no ceiling yet with Jerome Powell in the drivers seat, he's adding more zeroes with every push of a button, Kind of feels like another subprime mess with the fed buying both corporate and junk bonds, :caution:

https://www.forbes.com/sites/michae...s-that-are-too-big-to-ignore/?sh=65afebb01ca3
 
............... I set my stop outside a level & target inside a level & forget the trade until it's closed out. Looking at price action yo-yo can be very counterproductive.

Intraday price action, especially what happens between 'levels of interest', is just noise and often is misleading. Proper waves need time to form.
 
Nasdaq at ATH, smash or crash? Clearly a positive reaction to earnings. RTH would be interesting.
Not until next week. Even then crash is unlikely. A pullback is perhaps likely.If at all there is going to be a pullback it will be next month. There has to be a significant negative news for something to happen in next 2 remaining days of April. April is a strong month historically.
 
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