It was good for 50 points.You guys better get long.
4399
That was an easy one.
It's time to re-evaluate things now however.
In a limbo-ish area.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
That was an easy one.
It's time to re-evaluate things now however.
In a limbo-ish area.
great call
I've just been sitting in my long waiting for it to come good. nearly there now!
If you look at it... it's the same thing as always. They take take the nasdaq and s&p way up, get everyone on board, all in with margin, and then wait for the right reason to incite a panic... this time China, Fed, Budget, Oct... sensationalize the whole thing.... tank stocks across the board... retail freaks out and sells... and the big money buys back in and runs it right back up. And here we sit. The retail stock players have their clocks cleaned, and if they want to reload and get back in, they have to do it up here. Look at stocks today. They're all up over 5% as a whole. It's nuts. When they get enough retail dollars back in the game, it'll happen again. It's the same movie over and over again.
I mean I had a strong feeling Tuesday night that's what would happen. You guys know I rarely post on this board. If you look, when I got up yesterday around 6AM I came on here and made a one word post. BTFD. Then around 1PM, when I saw all the indexes up and holding their ground for the whole day, it was the easiest call ever. That's why I posted for you guys once again. If the powers that be were really worried yesterday... the Dow, S&P, and Naz would not have come out of the gate climbing a few % and then stayed there all day. It's just like I said, they were just waiting for the "rubber stamp" of Powel not saying anything stupid. Lots of short term profit taking into the close.... and then green across the board today.
And the games go on.
Good stuff, vanzandt.
Just my observation but I have seen a lot of people get overly caught up in the micro view or only looking at small time frame charts when larger time frames may sometimes give you a high probability of one thing happening over the other. For instance, I have been relying on daily and 2-hour charts the past couple of days which showed a clear bull case but then I did scale down to 15/30-minute charts to find entries to buy dips. But I only had confidence to do that because I felt confident in my read of the big picture for the past 2 days. And when you have a big picture view, you don't get caught up in the noise of "news."
Just my observation but I have seen a lot of people get overly caught up in the micro view or only looking at small time frame charts when larger time frames may sometimes give you a high probability of one thing happening over the other. For instance, I have been relying on daily and 2-hour charts the past couple of days which showed a clear bull case but then I did scale down to 15/30-minute charts to find entries to buy dips. But I only had confidence to do that because I felt confident in my read of the big picture for the past 2 days. And when you have a big picture view, you don't get caught up in the noise of "news."
I strongly recommend following Nadeem Walayat's channel on Patreon platform. He is an independent investor and analyst. Following his research, for a very small fee, will give you access to fundamental as well as macro technical analysis of the stock market as well as his personal stock picks for longer term holds. He is in agreement with VZ's previous post here. He's also got a YouTube channel, bit quirky presentation, but all solid info.
Not any more. 8PM, 9PM, 10PM and 1-2AM ET are the bullet points to watch out for on the index futures.
Omg....
Who (tf!) are you talking to here lol.... ?
Go argue with the SPX cat.
Or check in on Rigshaw.
Edit: but I appreciate the "tip". I guess.