ES Journal - 2023/2024

[Master Pu]

Looks like a dead cat bounce to me.
Nothing to push things higher aside from the usual down-trend upspikes.
The thing about your megaphone pattern, the low gets lower too.
2023 is gonna close lower than 2022.

I think 23 will be positive.

 

[mervyn]

Short at 55 after booked 31 points up, expecting a drop to 40-45ish.

 

[Buy1Sell2]

Nicely bullish close for the day and week. IHS is in final stages on daily and we are back above 200 day MA. This uptrend seems intact and breakout of megaphone pattern, not to mention a new smaller cup and handle pattern within the megaphone handle appears to be imminent. I am sticking with my 4800 cash prediction for the year. We spent more than 20 days above the 200 day MA earlier this year and history tells us that the average gain from that is around 20 percent. Not a guaranteed up but it's an average. Sometimes it's down of course.

 

[Overnight]

Nicely bullish close for the day and week. IHS is in final stages on daily and we are back above 200 day MA. This uptrend seems intact and breakout of megaphone pattern, not to mention a new smaller cup and handle pattern within the megaphone handle appears to be imminent. I am sticking with my 4800 cash prediction for the year. We spent more than 20 days above the 200 day MA earlier this year and history tells us that the average gain from that is around 20 percent. Not a guaranteed up but it's an average. Sometimes it's down of course.

So you have basically no idea and are guessing. But you have turned into a bull decidedly. So it should be B2S1 or S1B2 now.

 

[mervyn]

So you have basically no idea and are guessing. But you have turned into a bull decidedly. So it should be B2S1 or S1B2 now.

That’s for everyone, long and short at the same time, small range, one side will hit.

 

[spectastic]

Nicely bullish close for the day and week. IHS is in final stages on daily and we are back above 200 day MA. This uptrend seems intact and breakout of megaphone pattern, not to mention a new smaller cup and handle pattern within the megaphone handle appears to be imminent. I am sticking with my 4800 cash prediction for the year. We spent more than 20 days above the 200 day MA earlier this year and history tells us that the average gain from that is around 20 percent. Not a guaranteed up but it's an average. Sometimes it's down of course.

I agree and I've seen others make similar observation, bearish sentiment is high. We've been bombarded by bad news, and yet there doesn't appear to be any panic, and indices closed strong after the whipsaw.

10y yields broke a major level today, and tlt closed above the 200d MA for the first time in a while. I have no idea whether we close the year green like january trifecta suggests, or we're approaching the end of days in the ultimate everything debt bubble. it's like everyone's coming out of the woodwork. but for now, price action appears to suggest upside.. *fingers crossed*

 

[Buy1Sell2]

So you have basically no idea and are guessing. But you have turned into a bull decidedly. So it should be B2S1 or S1B2 now.

Huh?

 

[Overnight]

Huh?

Your trading actions betray your nickname.

 

[Buy1Sell2]

Happy fester.

 

[mervyn]

i am indecisive but i have short poisiton, could easily swing 50 points lower in next fews day, upside rewards are limited.