ES Journal - 2021/2022

[schizo]

I smell the big R. Oh, it's so intoxicating.

 

[Cessna06P]

Didn't ya get the memo? 3800-ish.

As predicted.

 

[Cessna06P]

There should be some slight support around 3805 cash and then a beat down to 3700 in steady fashion.

And now we see if B1S2 is correct.

 

[schizo]

As predicted.

Did you get my other memo yet? Expect 3890 in the near future.

 

[Buy1Sell2]

uh---

I went long at the closing today, for a trade that I anticipate will carry us to the 4000 area. I don't follow news and made this decision on technicals, but I imagine that it is possible that the market is starting to realize that Democrats will lose power in both houses in just 2 and a half weeks. The technicals reflect that something is happening that should carry us higher with the weekly now showing upward bias along with the daily. Monthly continues it's negative bent and I look for this lift to eventually be beat down and I will look to short again in the future. I'm long from 3763.00. Mental stop for reevaluation at 3635.

Rally will continue towards the 4000 area and could carry us to the 4100 area.

 

[Buy1Sell2]

I look for this rally to end around the 4100 area before turning lower again.

 

[Buy1Sell2]

Bear flag intact on daily.

Next move is down

I see dead accounts.

Good looking bear flag there on daily.

 

[Buy1Sell2]

I smell the big R. Oh, it's so intoxicating.

Recession?

 

[newbie463]

But then again what the heck does BOJ's decision got to do with us in the US? Don't see the reason why ES sold off on that announcement, as if we didn't already embarked on anti-inflation measure ourselves.

Ok. I could be way off….. BOJ wants to defend the yen. So BOJ sells US treasuries to buy yen to prop up their currency. Yen up ; treasury price down; treasury yield up; ES down. Right?

japan is in rough shape. Deflated currency ; capped out government debt yields; serious inflation.

 

[newbie463]

Recession?

No, probably “REVERSAL”