ES Journal - 2023/2024

[vanzandt]

Ahhhh.
I don't think so B1
Sell the rip if we get one.

When you see Hershey's and Smuckers making new highs... that's the whales fleeing to safety.

edit: SPX December 29 2400 puts---> $20

I hope you listened B1.
There is nothing to fundamentally drive this market higher for now.
Ignore the TV.
The banks are fine, but the 2% inflation goal still means higher for longer.
Right back where we started.
In a downtrend until earnings season starts.
And then we'll go from there.

 

[themickey]

Well todays 3:00pm crash wrecked it!
No rally tomorrow on SPX, market stuffed once again by Fed whom I ASSume is responsible, have't read the news yet.

However there is still hope on the horizon, but I reckon another 1-2 weeks away.
Nasdaq should recover quicker.

 

[mervyn]

es.

half percent swing is expected, if you think so, I move my target to 4010 then. financials are down.

4010 filled, and tag another 10 points from 4050 to 4040.

flipping long possible.

 

[Overnight]

Well todays 3:00pm crash wrecked it!
No rally tomorrow on SPX, market stuffed once again by Fed whom I ASSume is responsible, have't read the news yet...

It was really ~3:20PM where it went bezerk, AFTER Powell finished speaking. Almost as if the algos were looking for something for him to say in the QA which he did not say.

 

[Laissez Faire]

4010 filled, and tag another 10 points from 4050 to 4040.

flipping long possible.

Should not have adjusted your target and stayed with 4000.

Nice job.

 

[Buy1Sell2]

We made our second foray outside the megaphone top line today before coming back inside. Looking for a regroup and another attempt at getting outside and staying outside. No real damage done to the long term uptrend today.

 

[Buy1Sell2]

Here is a 5 minute chart showing the foray outside in more detail---

 

[mervyn]

Here is a 5 minute chart showing the foray outside in more detail---
View attachment 309803

This looks like bottomless pit. I am on the road tomorrow, no trading. Anyway, let me see what 4 and 8 weeks Ts are trading at tomorrow.

look at the bigger picture, ought to use 4 hours vp to see the poc.

 

[BeautifulStranger]

vols overshot on the bank contagion and (-)volcorr on the rally. Actually I was net long vol yesterday.

Thanks.

 

[Laissez Faire]

Shoot me if I'm wrong, but I seem to recall there were a lot of expectations for a strong rally on this FOMC statement? Surely that did disappoint.

It may not have been in this thread, though.