ES Journal - 2023/2024

[zzz123]

By market reaction, I feel there is just too much short bet on the sp500 fall, and it can be a setup for a short squeeze

 

[schizo]

just another possibility, I might be wrong, if that is the case, I will admit it and learn from it

Not saying you were right or wrong. Just wanted some clarification. What you said didn't come across as you might have intended.

 

[zzz123]

in the 4080 area. there are a lot of shorter exit points

 

[zzz123]

Not saying you were right or wrong. Just wanted some clarification. What you said didn't come across as you might have intended.

ok on the problem, I hope I make myself clear this time

 

[schizo]

in the 4080 area. there are a lot of shorter exit points

Not only that but there's clearly a MAJOR trendline, which would not be easy to cross. Be that as it may, we've already touched the damn thing 3 times and *usually* the 4th will give in. But that remains to be seen.

 

[zzz123]

Not only that but there's clearly a MAJOR trendline, which would not be easy to cross. Be that as it may, we've already touched the damn thing 3 times and *usually* the 4th will give in. But that remains to be seen.

View attachment 303043

so you agree with me? sort of

 

[schizo]

so you agree with me? sort of

Well, I need to see how the market reacts to NFP first. But, overall, I do agree that we will go up before crashing down. However, as I've already pointed out earlier, we might even go up as high as 4400. It sounds bit optimistic, but you never know. Here are the posts I made earlier.

• https://www.elitetrader.com/et/posts/5742765/
• https://www.elitetrader.com/et/posts/5742776/

 

[zzz123]

Well, I need to see how the market react to NFP first. But, overall, I do agree that we will go up before crashing down. However, as I've already pointed earlier, we might even go up as high as 4400. It sounds bit optimistic, but you never know. Here are the posts I made earlier.

Well I respectfully disagree, I think the 4080 area is the best long can do after that sp500 will fall hard and fast

 

[zzz123]

Anyway, this is the chart I've alluded to earlier.

This chart is nice, I like it., but just goes a little bit too far

 

[schizo]

Well I respectfully disagree, I think the 4080 area is the best long can do after that sp500 will fall hard and fast

Hey, it's just a personal opinion based on chart pattern. I ain't no prophet. Actually, no one knows for sure. We might even crash as soon as tomorrow and all this talk would be meaningless. Anyway, happy trading.