ES Journal - 2023/2024

[themickey]

One could surmise price is currently at the top of the channel and we have a long way to fall from here.
Another way of looking at it, price has dropped back to resistance.

My call, Friday begins a climb up, not a fall down.

Go bulls.

 

[formikatrading]

Wouldn't be surprised if we need to shake out some more people in the a.m. so "Go Bears" can do his victory dance before the rug gets pulled.

Bull flag on daily attempting an extension further out. ---Talk soon---

 

[formikatrading]

have you done your analysis on NDX as well? That is looking more intriguing to me for tomorrow.

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One could surmise price is currently at the top of the channel and we have a long way to fall from here.
Another way of looking at it, price has dropped back to resistance.

My call, Friday begins a climb up, not a fall down.

Go bulls.

 

[Cessna06P]

There goes 4100

 

[schizo]

Long 95

SL 92

 

[mervyn]

My short term price target is still intact, 4096. Stock prices will catch up with the disappointing earnings quickly. Chipotle down $77.

here we are, pivot down further.

I shall float a small balloon to test 4080 overnight.

 

[themickey]

have you done your analysis on NDX as well? That is looking more intriguing to me for tomorrow.

My algo says one more down day on ndx.
Now that's strange because normally spx & ndx would be similar, rise or fall together, but I'm not going to argue with it, the climb Friday on spx is weak according to algo, so possibly ndx will fall and spx may be flat.
The way its looking, next few days may be short range choppy on spx before picking up speed, but ndx falling tomorrow.

 

[themickey]

My algo is a new one, so I need some experience on it yet, took approx 3 months for me to code it up and took 20 attempts.
I think it's about right now, ie no further major tweaks required, but it needs time to road test.

 

[Laissez Faire]

It's a trend day for sure.

idk. if you look at volume profile, obviously it is not a time to go long today, it is building a smaller distribution below. 4104, 4095 4080 are all price targets for shorts.

I want to give you kudos for shorting into the rally earlier this week and not wavering. There sure was a lot of bullish sentiment on the boards by Tuesday's Close.

What gave you conviction?

 

[chillibean]

shrt 4108
12 pt stop

out here +16