ES Journal - 2021/2022

Might not be the best day to be greedy on longs?

As soon as (if) 77-78 prints, I think I'll just lock in 75 with a high risk of a stop-out.

Would normally expect a pop above 79 here, but it could be sold and we'll see a day of consolidation. If trend mode - I suppose 4390/4400 is witin reach today.
 
wiesman02 said:
Need some type of macroeconomic news that’s completely unpredicted by the models. Kinda like covid. Nothing dropped the market until the unpredictable pandemic. Now, every macro economic scare is just fear. Nothing to back it up just yet. Pure predictions by economists and media. Pre covid u also had Bernie the commie ahead of the nomination front.

therefore, if u want the markets to follow through to downside, we need the unpredictable. Once u see it, react. 2008? Un predictable, but react when u see it. That’s my advice anyway.

In regards to this market, it’s nerve racking but easy. Buying the dip without
Regards to price action is tough to do but it has been working
More...

If the FOMC will continue to pour money into the markets during good times. I do believe we are in good times. Think of what they will do in bad times.

The one thing that can curtail there massive printing is hyperinflation. They have put the U.S in a precarious position. Why don't they back off now. The longer these idiots wait the worse off things will get. A third grader can do what they do....Hand out money. Forget interest rates, that ship has sailed. They can't even raise a quarter. All they can do is hand out money.
 
Got stopped out. If I'd been patient???
That was a really strong #. The fact the market, especially the 10 year, didn't react that badly said something.
 
Rickshaw Man said:
If the FOMC will continue to pour money into the markets during good times. I do believe we are in good times. Think of what they will do in bad times.

The one thing that can curtail there massive printing is hyperinflation. They have put the U.S in a precarious position. Why don't they back off now. The longer these idiots wait the worse off things will get. A third grader can do what they do....Hand out money. Forget interest rates, that ship has sailed. They can't even raise a quarter. All they can do is hand out money.
More...

we are indoctrinated that US is a consumer economy, no consumers = no economy. What if you spend more than what you make?
 
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Arnie said:
Got stopped out. If I'd been patient???
That was a really strong #. The fact the market, especially the 10 year, didn't react that badly said something.
More...

This is not a free market, this market is being micro managed by the U.S. Central Bank. No one in there right mind would tie up capital for a paltry yield. The only one dumb enough is someone who has access to free and unlimited money.
 
Are we really going to see an Outside day today? It's been a while since we had a dump into the Close, but I'm hoping today ain't one of them.

Trapped long from 70 and happy to take an exit at breakeven or puke below 55.
 
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