We've just now probed slight out of the bottom of the flag. That's ok.I can see my younger self trying to pick a bottom here. It usually didn't end well...
Agreed on the latter.
Not sure about the former. Could you show with a chart?
Here's my view.
I don't think we'll see a bid until 4K. And who knows if that'll hold.
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ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
I know you're not. You already said you'd wait for confirmation and a move higher first. That's wise.
Just saying how I recognize this day and relate it to my past failures.
Could be a lot of big players want to take a bet on 4K holding and they might front-run that, so who knows where this'll reverse. It's a trend day still and they usually go lower than you think, though.
Nailed it.
Bottom pickers getting creamed here.
I dislike this action, though, as every time we make a new low there's a spike reversal. Like I said - there always seems to be a bid in this market. My guess is 4K will hold for now, unless there's some kind of capitulation. Seems unlikely at this point, but who knows? We're all only guessing I suppose...
I dislike this action, though, as every time we make a new low there's a spike reversal. Like I said - there always seems to be a bid in this market. My guess is 4K will hold for now, unless there's some kind of capitulation. Seems unlikely at this point, but who knows? We're all only guessing I suppose...
Bottom picking is ok for low leveraged longer term investing, but for higher leveraged day trades it's not a good thing.Bottom pickers getting creamed here.
I dislike this action, though, as every time we make a new low there's a spike reversal. Like I said - there always seems to be a bid in this market. My guess is 4K will hold for now, unless there's some kind of capitulation. Seems unlikely at this point, but who knows? We're all only guessing I suppose...
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