ES Journal - 2023/2024

Right, that must be the way to go, dipping the hands into the honeypot of retired postal workers and other pensioners. What a sob theater, America always finds a way to entertain...

Back to ES...

Buy1Sell2 said:
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.
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My prediction for today is a new HOD by the Close. Most likely 4084 - 4090.

Support here at 55, but we could make a small dip below the current LOD before going higher.

I may easily be wrong... :)
 
Cessna06P said:
Coming to a country near you.
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This is an original one billion Mark note from 1922. In german 1 billion = 1 Trillion
For that you were able to buy one egg ...
IMG_0630.jpeg
 
It happened already, you ignoramus. With many thanks from Janice. In fact this is the 7th time this happened in most recent US history. You are out-of-date. Back to ES...

Buy1Sell2 said:
That will never happen. Now back to ES-----
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No doubt trapped a few late shorts on that spike low. Let's see if they can carry us above 60 from here and later a new HOD.

We now have an IHS in place intraday for those who believe in that. I'm not sure if I do, but I sure as hell don't mind when they line up with my original hypothesis. :)
 
This is the part of the day that can really f''k up a lot of traders. Buying surges and selling drops and the market's going nowhere. Getting stopped out with small stops.

Got to perceive the day ahead. And with a high degree of probability we will see the main move higher starting a bit later today.

EDIT: This isn't trading advice. I can easily be wrong. That's why I use a stop. :)
 
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