Yep----the weak longs
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Correction----I have reanalyzed and found something that I had missed. I now see that the retest of the neckline already occurred Jan 25, so for me, I am good to go from here.
If have said this before -- If 2023 isn't an up year, it would be a major statistical outlier with all of the data points we have now. Accordingly, I would rather focus on the long side while managing risk rather than focus on the short.
the year is still young, 7.6% ytd is an outliner already. wait for a big pullback before putting a long hat on.
Curious. How many of those data points had the FED juicing the markets in a zero rate market?
I'm not overly bearish or anything. Just think it's something to keep in mind.
As long as ~ 20/25 holds here, I think we'll see a move back inside Friday's range. Maybe even the full gapfill at 4147,75.
Not sure if it's the day to be greedy on the long side, though.
Not sure if it's the day to be greedy on the long side, though.
Or will we see a repeat of last Monday where "nobody" realized it was a down day before the market closed...? 
I'm long from 23, but will not give it much wiggle room. Maybe 16-17. Targeting a move to 34 - 40. Maybe 4150 if momentum picks up.
Probably back to 4100 if we drop from here, but it appears less likely right now.
I'm long from 23, but will not give it much wiggle room. Maybe 16-17. Targeting a move to 34 - 40. Maybe 4150 if momentum picks up.
Probably back to 4100 if we drop from here, but it appears less likely right now.