ES Journal - 2023/2024

[Buy1Sell2]

https://www.bloomberg.com/news/articles/2023-02-15/jpmorgan-strategist-kolanovic-warns-of-volmageddon-2-0-risk-in-options-market?leadSource=uverify wall

this is probably the reason for forming the bull flag, 1 trillion daily bet for few points.

Here's the weekly chart from that time--

 

[Buy1Sell2]

https://www.bloomberg.com/news/articles/2023-02-15/jpmorgan-strategist-kolanovic-warns-of-volmageddon-2-0-risk-in-options-market?leadSource=uverify wall

this is probably the reason for forming the bull flag, 1 trillion daily bet for few points.

Here's the weekly chart now---

 

[easymon1]

 

[Buy1Sell2]

View attachment 306716

What are you saying with this chart?

 

[easymon1]

What are you saying with this chart?

Wouldn't be surprised to see 50% over by the moving averages. Would that violate a bull flag?

 

[mervyn]

What are you saying with this chart?

broke the trendline, either 20 or 50 ma i think. will check when I am at the computer.

Short term price target is 200ma retest, let’s wait and see.

 

[Buy1Sell2]

Wouldn't be surprised to see 50% over by the moving averages. Would that violate a bull flag?

I wouldn't support the notion that moving averages play a part in the bull flag pattern.

 

[Buy1Sell2]

https://www.investopedia.com/terms/c/cupandhandle.asp

 

[Buy1Sell2]

https://www.investopedia.com/terms/c/cupandhandle.asp

 

[Buy1Sell2]