ES Journal - 2023/2024

[Buy1Sell2]

B1!
Where's my check?
View attachment 304917
j/k B1...
....I only threw this together to mess w/Stoney.
(It was pretty much on key though. )

What about what I said??

Monday and Tuesday also had cash closes that were fresh buy signals. I suspect that the reason that the range was rather small on Tuesday was that a lot of traders backed off until the systems were working properly.

Today's close on cash generated a fresh buy signal. The key to trading is managing risk to reap the best benefit when right and take small losses when wrong.

In my view there was a fresh buy signal in this uptrend that occurred on the 15 minute chart at 12:15 Eastern.

 

[Buy1Sell2]

I love the overnight pullbacks in an uptrend! --Speaking of Overnight, what's happened to him?

 

[Spooz Top 2]

Good thing you’re not pit traders…. SOLD at 200x at 4979… 4975…. Cover here at market!

 

[Buy1Sell2]

Overnight is not listed as a member anymore, so I guess he's gone.

 

[Buy1Sell2]

15 Min cash chart

 

[M.W.]

Best news all day. No more youtube bs. There is still hope for this forum.

Overnight is not listed as a member anymore, so I guess he's gone.

 

[Laissez Faire]

Overnight is not listed as a member anymore, so I guess he's gone.

Still around as far as I can see.

 

[vanzandt]

What about what I said??

?
Not following what you mean.
Anyway, last night's read turned out pretty solid.
You're still bullish huh?
Hmph, well, you might be right.
You probably are, all things being equal.
But I'm kinda worried about some kind of black swan.
Between Iran, Russia, and China.... pot's seems to be boiling a little more.
Hell some general at the Pentagon wrote a letter saying war with China by 2025 was inevitable.
The Pentagon downplayed it... but still. Ya gotta think the guy's not a kook.
Beats me. Trade what ya see.

 

[Cessna06P]

?
Not following what you mean.
Anyway, last night's read turned out pretty solid.
You're still bullish huh?
Hmph, well, you might be right.
You probably are, all things being equal.
But I'm kinda worried about some kind of black swan.
Between Iran, Russia, and China.... pot's seems to be boiling a little more.
Hell some general at the Pentagon wrote a letter saying war with China by 2025 was inevitable.
The Pentagon downplayed it... but still. Ya gotta think the guy's not a kook.
Beats me. Trade what ya see.

A flock of black swans are air born, where will one land first?

 

[Buy1Sell2]

But there's nothing in the clause that says the U.S. must pay it's debt. It only states that it's "validity" is beyond doubt and shall not be questioned (whatever that means).

Anyway, we all know that clause is dependent on what the Congress does. If they don't raise the debt limit, as you probably already know from all the news buzz of late, then the U.S. risks defaulting on its debt. Yes, they will pass the bill, as they've always done at the last minute. But that doesn't mean one day it might all break down.

No it is not. There is no chance of any default on debt. It is constitutionally mandated that debt payments will be made. The default warning is a canard. What might not get paid is Congreffional spending appropriations. There is plenty of tax revenue to service the debt.

Biden’s new debt ceiling problem: Wall Street’s not freaking out
https://www.politico.com/news/2023/01/30/biden-debt-ceiling-problem-wall-street-00079957
The Biden administration warns of catastrophe if Congress fails to raise the government’s borrowing limit in the coming months. But some Wall Street executives and analysts are starting to break from that script.

A number of prominent financial experts at Bank of America, Barclays and other major firms are confident that the U.S. will avert a global market meltdown by continuing to pay its bondholders if the Treasury Department crosses the threshold where it can’t cover all its other bills. They think the U.S. can do so by withholding funds for things like benefits owed to individual Americans or payments to firms doing business with the government.