There is a song for that. Insane in the membrane, by Cypress Hill.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
There is a song for that. Insane in the membrane, by Cypress Hill.
That's very interesting, I mean we may get some pull up since it was such a violent down move, but very high probability this thing is toast. Is this just like a very short term trade or you looking to swing it?
Yeah I mean you have the correct read here, there's very little chance price can recover much here. Even if it does will be short lived. I mean I have no issues taking short term or intra-day longs if they appear, but from a macro perspective it's pretty much over. Now that the bull move up was proven to be a bluff, party is over I am looking and heavily favoring shorts.
Weekly swing. Trend is up. Bounce to come. Monthly is down down down. This is The Big One.
On the weekly swing, how can the trend be up now, after that God-awful CPI print, and Fed decision next week?
B1S2, on behalf of all us here at ET, I must ask you dear friend. Are you smoking a drug on the controlled-substance list?
Ah ok, so you're aware it's toast long term, fair enough. Yeah, well see I certainly don't have any weekly swing long here. At best I see a short term long where we maybe drift up some overnight or tomorrow, but even than from a probability and r/r setup given current perimeters certainly isn't for me. To each his own though, it's possible it's so bearish that it doesn't even give you an entry though. I see you haven't entered yet.
Let's see what tomorrow brings!
Weekly boyz have their work cut out for them now. Bull case on the ropes down here
I do not understand what you see on that chart you posted. Are you seeing a resistance-level bounce? Or is that a bollinger-band bounce, right at the bottom? Hmm
Support level bounce.