ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Time for me to get some real work done for the man. I'll have to wait until I get home at dinnertime to see how this movie ends today.
It's always tough to navigate a correction/bear market, IMHO. I posted a week or two ago how we may have entered a correction. I'm sure everyone (including me) thought we put in a bottom on Tuesday, but if the correction is in effect, this may just be one retracement higher before lower again.
Very hard to predict.
No bid in sight. Hard to see a bottom until we fill the gap from Tuesday.
I see no so called support levels below here. 5500 round number. Guess that would be too easy.
I see no so called support levels below here. 5500 round number. Guess that would be too easy.
plus election year, the FOMC / Treasury want Kamala, this is just a blip before the ramp up before elections.
so where we close today? 5445?
How would creating a blip/drop just as Kamala runs for president help her case?
Twice this week I came into the session bullish (Tuesday and today). Both times I was able to switch gears when I realized plan A wasn't working. That's progress. 
I took the 1st short when we couldn't hold a green close. Trailed myself out and took the 2nd short just before we broke the LOD. Only took on my smallest size since I felt like I was a very late short and it seemed risky.
Gave back almost all my pre-market gains longing on the Open with size, so looks like I may end the day just about where it was pre-market. LOL.
Just trailing carefully now - not too close to market.
I took the 1st short when we couldn't hold a green close. Trailed myself out and took the 2nd short just before we broke the LOD. Only took on my smallest size since I felt like I was a very late short and it seemed risky.
Gave back almost all my pre-market gains longing on the Open with size, so looks like I may end the day just about where it was pre-market. LOL.
Just trailing carefully now - not too close to market.
it doesn't matter what price does up until the election as long as 'bullish' optimism persists. So this is just a intermediate term washout like all the other ones, what is ultimately risky for the market are 10% - 20% interest rates, thats not the case now. In fact the whole yield curve shifted down.
this is the normal fear/ greed cycle that is painted to steal money from the masses who are rash or over leveraged pessimists. I'll be a pessimist if interest rates trend higher.