ES Journal - 2023/2024

Range bound over the last 10 months after the initial drop from all time highs.

You think we'll break above 4200 this time and don't look back? I'm not so sure...

The market's shown what appears to be tremendous strength on all prior rallies only to run out of momentum and reverse back in range.

View attachment 310777

That’s an extremely looking bully chart.. I see 4 strong confirmations of significant upside to come in that Monthly….. & that come from a trader that prefers the short side of the equation!
 
INTC, META, AMD, GOOG, MSFT, QCOM, NVDA, IBM. These are prime AI companies to continue growing. If you’re young, park your savings there till retirement.

Sometimes I say the youngsters (25-30y olds) to do something like this. Just take the 'decade approach'. These people are not dumb, math phd's etc. Nobody is really interested (not anyone asking follow-up questions etc).
I'm starting to think this has something to do with the psychological perception of time, since we all percieve time as relative to the time we have lived. For a six year old one year feels like a decade, and for a 25 year old 10 years feels like eternity. I mean, why not become a start-up star (fast money)? (reflection of myself 25y-old).
I've 1 daughter of the age of 5, need to teach her better ideas to manage 'money'*

*Sorry, saturday ramblings
 
The bear market phase is over, the macro trend is now up again.
images
 
Plenty where I live in Western Australia.
Wiki
The black swan (Cygnus atratus) is a large waterbird, a species of swan which breeds mainly in the southeast and southwest regions of Australia. Within Australia, the black swan is nomadic, with erratic migration patterns dependent upon climatic conditions. It is a large bird with black plumage and a red bill. It is a monogamous breeder, with both partners sharing incubation and cygnet-rearing duties.
 
Plenty where I live in Western Australia.
Wiki
The black swan (Cygnus atratus) is a large waterbird, a species of swan which breeds mainly in the southeast and southwest regions of Australia. Within Australia, the black swan is nomadic, with erratic migration patterns dependent upon climatic conditions. It is a large bird with black plumage and a red bill. It is a monogamous breeder, with both partners sharing incubation and cygnet-rearing duties.

So black swan in reality are no so rare as black swan event in trading.
 
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