Looking for the gap above it tomorrow (on indexes). There is a reasonable chance that this could be one of those moves where you just move up relentlessly for a few weeks.
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ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Yep that's what I expected.
Is there anything people trade that isn't constantly going up
Lumber and cattle (although I don't trade it.)?
Strong bull day and close outside of channel testing 50 ma.
I still think the bull above / bear below line in the sand is the 4472 swing on Sep. 27th.
Above that its pretty clear we are going right back to make a new ATH. Probably a strong move if it takes place but it will likely not be a meaningful new high. Still expecting the 3640 - 3860 levels - new highs or neigh.
Ha. Man that seems so bearish. Not trying to sound that way its just what I'm seeing. As long as vol stays crazy it's all good. Get em headed north and south!
I still think the bull above / bear below line in the sand is the 4472 swing on Sep. 27th.
Above that its pretty clear we are going right back to make a new ATH. Probably a strong move if it takes place but it will likely not be a meaningful new high. Still expecting the 3640 - 3860 levels - new highs or neigh.
Ha. Man that seems so bearish. Not trying to sound that way its just what I'm seeing. As long as vol stays crazy it's all good. Get em headed north and south!
I don't use MA lines, and just get the info from outside comments. The last 5 weeks have been dead-cats, like the one we had two days in a row 2 weeks ago.
Does this feel like a dead-cat to you, or is the market finally finding a bottom?
I have no evidence of a dead cat -- in my view, everything has lined up on this one for a good move. Hey -- I could be wrong, but it shouldn't be too hard to figure that out if it happens.
Seems like it's going back to ATH, may take a few weeks but the bottom seems in unless earnings are so bad they can't even print their way to good earnings anymore.
Everyone has 50/50 chance of being correct. It a chart pattern, risk small.
I am long cattle and lumber. Grins
Really? Live or feeder? I would love to jump into the LE space, but it just seems so...unwieldy. Performance bonds are insanely low compared to the others I trade. I just...It seems so cyclical, and I am not mentally trained for cyclical instruments.