ES Journal - 2023/2024

Laissez Faire said:
My goodness. Did they solve every single world problem last night or what the actual F is going on? LOL.

I’m not complaining as I captured a good piece of this monster move which went opposite of my main hypothesis. Switched long this morning when I realized I was dead wrong.
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It went like this:

MSFT meh-report... The sky is falling, sell everything!

AMD yeah-baby-report... Oh, my goodness, FOMO! I'll buy all these ch-ai-rs, they have AI!

NVIDIA went down 10% and then up 10% (from yesterday's bottom), all within 24 hours :D
 
I honestly thought the month of July would end red by yesterday's close, but something's definitely up. I was positioned for a rally towards 5600 yesterday, but that failed massively. Not attempting to predict anything here, but 5600 most certainly seems possible.

5600 would be up 1.79 % from yesterday's close.

Last trading day of July 2022 had a high print of 1.74 %.

We had ONE day this year so far with a high print of 2.24 %.

In 2023, there was 22 (!) days with a high print exceeding 1.5 %.

The prior FOMC day this year saw a huge gap up on the Open. + 46. We've exceeded that by now. This could all crumble by the Open or on the Open, but I do know that I personally ain't shorting this anytime soon.
 
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Laissez Faire said:
How can you know there's an algo running? Surely the e-mini futures market have a ton of players interacting at all times...?
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its the intermittent spikes that are multi bar. The bars or vol would be both sided, but 90% are all on the upside since earnings FOMO.
 
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