ES Journal - 2023/2024

Actually, tomorrow will most likely be a down day. :cool:

Of course, need price to confirm, but I'll have confidence in the short side tomorrow for at least a retrace back down to 4K or so.
 
Some snippets from folks I pay attention to, all have amazing skills of reading a chart, as well as an overall grasp on what's going on. We have a higher low, yet downtrend remains unbroken, shall we get a higher high with a break of the TL or yet another selloff?

G.W.:

Screenshot 2023-01-23 at 23.45.21.png


L.C.:

Screenshot 2023-01-23 at 23.47.09.png

O.C.:

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N.W.:

Screenshot 2023-01-23 at 23.50.53.png
 
Market has been up 100+ points in last 2 days -- anyone shorting was picking up pennies in front of a steamroller. Even if you simply held from Friday's close to today's close, you're looking at close to a 50 point gain -- which is a lot more than the shorts made.

chillibean said:
wow. Decent drop off. That's why posts like those from the other day where people came in at EOD saying 'it was clearly going up! Look at the trend. Why were people going short?!' are a bit silly and only possible in hindsight

Where we going now, schizo??!
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formikatrading said:
Market has been up 100+ points in last 2 days -- anyone shorting was picking up pennies in front of a steamroller. Even if you simply held from Friday's close to today's close, you're looking at close to a 50 point gain -- which is a lot more than the shorts made.
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Wed and Thurs shook out weak longs. Trend has been up for a while.
 
I dunno where you people are drawing your trendline, but mine hasn't been crossed yet. It lines up with 4100 for tomorrow and that's where I think we'll be heading.

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Master Pu said:
Some snippets from folks I pay attention to, all have amazing skills of reading a chart, as well as an overall grasp on what's going on. We have a higher low, yet downtrend remains unbroken, shall we get a higher high with a break of the TL or yet another selloff?

G.W.:

View attachment 304534

L.C.:

View attachment 304535
O.C.:

View attachment 304536

N.W.:

View attachment 304537
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I'm interested to know who are these people you follow, and what's their track record. Who's saying we need to go to 8-9%? that's not even close to the fed roadmap we have now, meanwhile inflation has been trending down like they wanted. and vix has not been a reliable indicator for true market volatility for the past year or so, though admittedly, every time it has fallen to this level, it had marked a local market top. not to say that the same will necessarily occur this time around.

If you look for it, there are smart people on both sides. So I've learned to take these internet/twitter people with a huge grain of salt.
 
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