ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
Been there, done that. Sucks but that's part of the game.
Anyway, we'll likely see 3900 before reversing down.
SPX/ES filled two gaps today, but created a new one today and left behind the one from the 28th of September.
I'm not predicting anything for now, but keep in mind how bullish people were on the 12th of September the last time the market topped out. Of course, that was in September, so who the hell knows.
Wouldn't be a shocker to see 3850 tomorrow, but we're up pretty big already this week.
+ 5,80 % is today's high reading. We have had 3 other ~ 6.5 % weeks earlier this year, but we're pushing "normal" now for sure.
Since we covered a lot of ground over the last two days tomorrow might be a churner / consolidation day.
I'm not predicting anything for now, but keep in mind how bullish people were on the 12th of September the last time the market topped out. Of course, that was in September, so who the hell knows.
Wouldn't be a shocker to see 3850 tomorrow, but we're up pretty big already this week.
+ 5,80 % is today's high reading. We have had 3 other ~ 6.5 % weeks earlier this year, but we're pushing "normal" now for sure.
Since we covered a lot of ground over the last two days tomorrow might be a churner / consolidation day.
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This market is poised to go higher until it gets spooked by the FOMC (but seriously, how much more can you possibly get spooked at this point). I think Wall Street is just playing with everyone's head. They're artificially pumping up the market to cushion themselves prior to the next drop ahead of FOMC. As I've been saying for awhile, this bear market is different from previous ones and this is perhaps why. There's no sign of real panic but strategically coordinated selloff.
I agree with him that we breach the lows - but betting on it being "The Big One" ?
Only if im interested in going broke.
I do believe this current rally has the potential to purge remaining bulls / dip buyers / suckers in though before we start heading higher into year end.
Its possible the Fed chokes even harder than usual making an abysmal policy decision error. All bets are off for me at that point for heading back to the highs anytime soon.
