ES Journal - 2023/2024

schizo said:
Man, what's up with you folks. ES rallied 50 points, and you made what?? :D
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Are you implying I was watching too much porn?

It was a test run with a new system. At one point it took 5x the intended number of positions. :wtf: Fixed that with a bypass. Not really sure I want to try to reproduce it, as it is a live only scenario

:fistbump::thumbsup:

Fun situation for me. Got home after 3 months away to find the chest freezer had failed about a month or more ago. Thank goodness it was compost trash day! :vomit::vomit::vomit::vomit::vomit::vomit::vomit::vomit:
 
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Cessna06P said:
Anybody ever notice that at 10 minutes prior to the close /ES drops and almost without fail at 6 minutes prior it levitates. Why?
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It doesn't happen often, but it's a phenomena called "Market-On-Close order imbalance" or something to that effect. Do some searches for it, quite interesting.
 
Cessna06P said:
It happens often enough that I have noticed it.
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Indeed. Stare at the charts long enough and you'll notice the bull market phenomenon of the 10:30 AM reversal, as I call it.) Drop at open with reversal between 10:30 to noon, and then grind up into close) It was a common thing that happened during the last bull market. If you start to see it more and more from here on out, you'll know we're in a new bull.
 
Looks like 4370 cash will be the initial target of a bull flag breakout which should be coming. Again, I look for 4800 cash by year's end.
 
Buy1Sell2 said:
Looks like 4370 cash will be the initial target of a bull flag breakout which should be coming. Again, I look for 4800 cash by year's end.
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4370 onward to 4800 through the year? How do you see that with all the unknowns of the Fed until then? Clearly, you are looking at just TA there. The Fed could mess us up big time this year, like last year. Not to mention all the earnings revisions for Q2 and Q3 which will be front-and-center on traders' minds, due to inflation eroding company profits.
 
Overnight said:
4370 onward to 4800 through the year? How do you see that with all the unknowns of the Fed until then? Clearly, you are looking at just TA there. The Fed could mess us up big time this year, like last year. Not to mention all the earnings revisions for Q2 and Q3 which will be front-and-center on traders' minds, due to inflation eroding company profits.
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The market is forward looking. All the bad news has been discounted.
 
Overnight said:
And the market has goldfish memory.
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This is the market's response to the bears.

na-nananana.gif
 
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