he wish lol
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
he wish lol
Sure feels like it should be an up dayINTC puked on earnings and its stock got hammered in ETH. And yet, unlike with MSFT, ES is hardly dropping in the ATH. It doesn't wanna hear about it. It wants you to just STFU. Just go home, you stinking #$@%^&!
4063.25 as I type.
L 4063
That 4055 area seems to be ST support right now. And 4030 may be the new line in the sand. Market may need to work off some ST "overboughtness" -- remember, overbought can be worked off through PRICE and/OR TIME. Let's see what happens today. Keep coming across lots of people talking about this being the mother of all bull traps which has me maintaining a bullish bias.
I know this is ES thread, but RTY (Russell 2000) may be the better play from the long side today if this is an up day.
I know this is ES thread, but RTY (Russell 2000) may be the better play from the long side today if this is an up day.
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out here +12
L 79.5
Looks a little better now doesn't it? I am inclined to add to my long term shorts since last year at current levels. I have waited for this short term bounce for weeks and here it is. Fundamentals have not changed, it's just that the short term crowd has been lured into thinking we made a bottom when this is just one of the many short term bounces on the way into descent.
The picture on US equities is the clearest at the moment, it's a lot harder to read where BOJ and the yen is heading as well as the dollar. A pause to hike is very different from an end to hikes. A lot now depends on external events that are impossible to forecast, meaning, there is hardly any edge at the moment in currencies,absent a few relative value plays.
The picture on US equities is the clearest at the moment, it's a lot harder to read where BOJ and the yen is heading as well as the dollar. A pause to hike is very different from an end to hikes. A lot now depends on external events that are impossible to forecast, meaning, there is hardly any edge at the moment in currencies,absent a few relative value plays.
INTC puked on earnings and its stock got hammered in ETH. And yet, unlike with MSFT, ES is hardly dropping in the ATH. It doesn't wanna hear about it. It wants you to just STFU. Just go home, you stinking #$@%^&!
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Well, I can't argue with you on that. I'm sure there is a plethora of reasons that's wrong with the economy.
But that ain't how you make money in the market.
The only reason why we retraced from 4095 is because of the TECHNICAL, not FUNDAMENTAL. We are NOT done with this rally yet.
As I always say, buy going into the FOMC meetings and then sell afterwards.
That is what I am contemplating, to wait post fomc. Though I believe we are at or very close to medium term highs.