ES Journal - 2023/2024

c1rcle · Jan 3, 2023

ElCubano said:
Place your bets. Up, down or sideways kinda year? What say you?

Flat

mervyn · Jan 3, 2023

3 points on ES and 238 points on YM, first trading day in green/

General plan is to short in 1H then long. FOMC Minutes and NFP this week will shake the market, more downside risk than up.

Happy trading.

ElCubano · Jan 3, 2023

Buy1Sell2 said:
Big down as some point this year and a nice rally to end the year off.

I'm leaning this way.

Buy1Sell2 · Jan 3, 2023

SunTrader said:
XMas rally must be snowed in up in North Pole.

Next up 1st 5 trading days of January often point direction of the year.

Buy1Sell2 · Jan 3, 2023

Right now we have a day and a half until Santa Rally would be over. Will we rally from here into tomorrow's closing? We'll see, but if not, that will make 4 years in a row that there has been no Santa Rally.

mervyn · Jan 3, 2023

Buy1Sell2 said:
Right now we have a day and a half until Santa Rally would be over. Will we rally from here into tomorrow's closing? We'll see, but if not, that will make 4 years in a row that there has been no Santa Rally.

tomorrow fomc minutes will crash the market, me think. fed didn't foretell what's the rate hike yet.

Buy1Sell2 · Jan 3, 2023

Buy1Sell2 said:
There should be some slight support around 3805 cash and then a beat down to 3700 in steady fashion.

I stand by this.

Buy1Sell2 · Jan 3, 2023

We almost took out Friday's cash low. We'll get another chance at it. Heading out for 19----Talk soon.

schizo · Jan 3, 2023

I think we've just put in the bottom for the day. Whether we actually reverse and head up from here or merely chop till we drop is anyone's guess. I'll leave it at that.

schizo · Jan 3, 2023

mervyn said:
tomorrow fomc minutes will crash the market, me think. fed didn't foretell what's the rate hike yet.

Do FOMC minutes carry much weight? I thought it was just a regurgitation of what they've done in the recent FOMC rate action.