ES Journal - 2023/2024

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.
Agree, if that is the case, I will change very fast, the market is always right
 
I’m actually hoping for a spike North on a false breakout bull trap… that would be my ideal scenario…. Off of this Daily bear flag.

I have been waiting for that all week, but it just keeps going down. Short squeezes in euro land have not appeared on our tape. A massive pivot (down) is cocked and locked
 
I have been waiting for that all week, but it just keeps going down. Short squeezes in euro land have not appeared on our tape. A massive pivot (down) is cocked and locked
We shall find out in the next 4 hours.

nervous-nail-biting.gif
 
We shall find out in the next 4 hours.

nervous-nail-biting.gif

IMO if there is a bounce into NFP, it has a good chance of being sold off, NDX doesn't transpire any confidence. Price is near previous support which makes it a good long entry, but weekly now trades below 200 SMA and unable to get back above it.
 
(Bloomberg)

Fed voices
St. Louis Federal Reserve President James Bullard said he thought rates are getting near to high enough to temper inflation. Bullard was one of the most hawkish members of the Fed committee last year, although he’s not a voting member of the committee this year. Esther George, Kansas City Fed President and also a non-voting member in 2023, said she thought rates should stay above 5% well into 2024 and should stay there "until we get the signals that inflation is really convincingly starting to fall back toward our 2% goal." Atlanta Fed President Raphael Bostic, another non-voter this year, also spoke and emphasized there was "much work to do on inflation."
 
Dollar currency pairs have been strengthening this morning so there's that.

Maybe they know or maybe they are just guessing like everyone else.
 
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