FWIW, my statistical data indicates weakness following today's Inside Day. Not a very strong bias, but strong enough that I'm paying attention and not getting too confident on the long side.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
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FWIW, my statistical data indicates weakness following today's Inside Day. Not a very strong bias, but strong enough that I'm paying attention and not getting too confident on the long side.
I don't see price action confirmation of the end of the upside, do you? I know it looks toppish. (fwiw I trade weekly chart with daily serving as trigger).
This is SPX, NDX looks way better.
Speculators remain short SPX in quite large numbers.
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Good Lord, no.
Got some initial weakness as anticipated, but shorting is never this easy, so I bought this dip at 37 with a 2 point stop.
I may be early here, so will probably take a new long if stopped.
Opening gap down on RTH I will most likely lean long for a move back inside yesterday's range, but there's a chance this could get continuation lower. Maybe 4100 or the open gap from last Wednesday at 4077.50.
No strong opinions here.
I may be early here, so will probably take a new long if stopped.
Opening gap down on RTH I will most likely lean long for a move back inside yesterday's range, but there's a chance this could get continuation lower. Maybe 4100 or the open gap from last Wednesday at 4077.50.
No strong opinions here.
Stopped out B/E here as I may be too early and even completely wrong. Will re-enter on a successful test of the current LOD or at lower prices.
We are heading to the very obvious target in the NDX, I wouldn't expect much of a downslide until then. With large speculators switching to being long tech, and earnings season still live & kicking and inflation data is out on Wednesday which is likely to be yet another positive for equities, probability favours upside for now IMHO. I don't expect any downside to be a lasting one, it will probably be a volatile move down, but remind yourselves of the graph I posted a while back, probability favours upside way more than downside longer term, so when in an uptrend, long trades will have larger overall backing.
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Back in long at 36.25. Stop once again B/E. Happy to take it off for 10 points if I can get it as I'm suspecting limiting upside for today. That 4150 number is proving thick to go through.
Need a good bid on the Open to prove otherwise. IMHO, of course.
EDIT: And stopped B/E while taking lunch. Not sure I'll re-enter or not. Bidless market for now, but not heading lower, either.
Need a good bid on the Open to prove otherwise. IMHO, of course.
EDIT: And stopped B/E while taking lunch. Not sure I'll re-enter or not. Bidless market for now, but not heading lower, either.
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An FBO of the current LOD. Hanging on at the edge of the cliff, so it's a weak dip for now. I'm thinking 4150 from here, but I don't see any reason to be over confident on the long side, though.