ES Journal - 2023/2024

[schizo]

Listen everyone that has commented about this afternoon/evening back and forth banter, since this has kinda turn into a circular firing squad and some think what I contribute is not helpful I am going to step away from the topic.

But c ya elsewhere here.

Man, we have too many permabulls here. We need a contrarian. We haven't had a real stinky bear (in a good sense) since @ammo left this place and went into hibernation. So you're a perfect fit. I say you should reconsider. Like I said, grow some manly balls. It would be good for everyone.

 

[schizo]

@schizo

I see several failed IHS patterns in that chart as well, so wouldn't bet the farm on it. Let's see how she goes. Exciting times for sure.

Where? Not of that magnitude.

 

[Master Pu]

Ammo! I remember that dude, scale into oblivion haha

 

[schizo]

Ammo! I remember that dude, scale into oblivion haha

Nice fellow but one staunchy bear. I think it was him who taught me the real lesson on never getting fixated on market direction.

 

[formikatrading]

What is the rationale? Just trying to understand.

I am pretty much as short as I have ever been right now in terms of position size. If I lose then that must mean I have become too arrogant recently

 

[schizo]

ES, for the most part, hardly ever moves after the NYSE closes, but as you can see they still wanted to push her up even higher. This tells me tomorrow's CPI is a foregone conclusion. We're going up tomorrow.

 

[c1rcle]

What is the rationale? Just trying to understand.

The speed at which we have shot up, the RSI on the 1 and 4 hourly is high, we are approaching a major fib level, we are approaching a major trend line, we are in a bear market, bulls have been burnt way too many times so could (should) have weak hands, the overall trend is down, we are approaching some earnings which I cant imagine will be positive or have a positive outlook for the future, inflation is sky high and there are factors that could drive it higher prompting aggressive measures from the fed again.

 

[formikatrading]

Thanks for sharing. My view remains that momentum and breadth are too strong for much else to matter.

And this finally fell in line today:

The speed at which we have shot up, the RSI on the 1 and 4 hourly is high, we are approaching a major fib level, we are approaching a major trend line, we are in a bear market, bulls have been burnt way too many times so could (should) have weak hands, the overall trend is down, we are approaching some earnings which I cant imagine will be positive or have a positive outlook for the future, inflation is sky high and there are factors that could drive it higher prompting aggressive measures from the fed again.

 

[Master Pu]

I don’t think this is a resurrection of a bull market, not yet anyway.

 

[Overnight]

ES, for the most part, hardly ever moves after the NYSE closes, but as you can see they still wanted to push her up even higher. This tells me tomorrow's CPI is a foregone conclusion. We're going up tomorrow.
...

Yer a pretty funny guy.