ES Journal - 2023/2024

At this rate I'm starting to wonder if we'll indeed see the 2nd Inside Day in a row.

This may be our only chance at seeing some movement today, but I'm not holding my breath.

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spy over equal weighed sp500. currently at the same area as 2022 top. I'm sure something is coming. but the boogieman doesn't come when everyone's looking.
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COT data shows net short interest is still building

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cross reference with GFC, similar looking in sentiment. shorts were forced out after 9/18 when fed announced 50 bps rate cut. 2 weeks later, market topped.
 
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