ES Journal - 2023/2024

Decrease of .01%...peanuts. I really don't think this is enough to give market more momentum to go higher. Earnings kicking off Friday, if there's any sell off, this is the start of next leg down.

as i posted on another thread, tsmc came in lower, Samsung LG got hammered. Let’s see what US techs/growth stocks can do.
 
It's interesting to note how strong bullish sentiment was in this journal yesterday. The question wasn't if the market was going to go higher, but how high it would go. A strong day up was pretty much guaranteed.

I think the same scenario played out multiple times last year as well.

It seems like the bullish sentiment gets strongest around or near highs and bearish sentiment gets strongest around or near lows.

With sentiment I don't use any accurate reports from that. Just chatter I pick up here and elsewhere.
 
It's interesting to note how strong bullish sentiment was in this journal yesterday. The question wasn't if the market was going to go higher, but how high it would go. A strong day up was pretty much guaranteed.

I think the same scenario played out multiple times last year as well.

It seems like the bullish sentiment gets strongest around or near highs and bearish sentiment gets strongest around or near lows.

With sentiment I don't use any accurate reports from that. Just chatter I pick up here and elsewhere.

because people are vested in their trades, not easy to cut loss.
 
It's interesting to note how strong bullish sentiment was in this journal yesterday. The question wasn't if the market was going to go higher, but how high it would go. A strong day up was pretty much guaranteed.

I think the same scenario played out multiple times last year as well.

It seems like the bullish sentiment gets strongest around or near highs and bearish sentiment gets strongest around or near lows.

With sentiment I don't use any accurate reports from that. Just chatter I pick up here and elsewhere.

Agreed. But that's what the patterns are designed to do right?

The caveat is that the market could still turn around today.
 
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