Let's hope the V is complete on the daily as well. It's way too frothy up here. Bubblicious ain't my cup of tea. How about you?
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Let's hope the V is complete on the daily as well. It's way too frothy up here. Bubblicious ain't my cup of tea. How about you?
Agreed. Feels better to push the long side at lower prices.
I was actually anticipating some pulling back today, but I checked my statistical model around 12:30 and the V was the anticipated outcome given yesterday's structure.
Let's see what tomorrow brings.
I was actually anticipating some pulling back today, but I checked my statistical model around 12:30 and the V was the anticipated outcome given yesterday's structure.
Let's see what tomorrow brings.
Given yesterday and today - tomorrow looks like an Up Day as long as we don't open below 5405.
Maybe 5460/70.
A larger gap down open and maybe we can touch 5380 in RTH.
But yes, it's getting frothy.
If you plan to load up, you should do it now. Otherwise, it can get very expensive once the selloff begins.
That's been part of this whole run. Puts have been extremely cheap the entire time. Market has been assuming/pricing in zero risk. If it ever were to fall 2% in a day (which is impossible) one would make a fortune.If you plan to load up, you should do it now. Otherwise, it can get very expensive once the selloff begins.
If we were to drop 2% tomorrow, we would end up at around 5400, which is the previous resistance as well. I say that's doable. Let's do it.
all the big techs have one thing in common, CHINA, including google and facebook. if things get ugly, 301k is an high number and see you at 101k.