ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
What would it take for you to negate the bull case and turn bearish?
And how about my prior comment suggesting a third alternative to bull and bear - namely range bound?
Weekly and monthly would have to become bearish. Range bound is certainly a possibility.
Monthly looks fairly range bound to me for the last 10 months:
I don't see a clear trend on the weekly either:
Should be interesting to see where this day goes and where we closes. I suppose most would be expecting support at 4K, so maybe that's why we'll end up dropping right through.
We're coming into some potential major support here, though, so I think I'd better not push my luck. Maybe I'll bail at 14 on a trail.
We're coming into some potential major support here, though, so I think I'd better not push my luck. Maybe I'll bail at 14 on a trail.
Both weekly and monthly appear to me to be uptrends.
2 % down here and SPX below 4K with no reaction. That's a tell, IMO.
Holding short here in case liquidity disappears. This is weak as hell at the moment.
Holding short here in case liquidity disappears. This is weak as hell at the moment.
Daily looks like a trainwreck now.
Everyone who was bullish at the highs should be even more bullish here as this should be a bargain.
Now, since this is a market that have players getting bullish at highs and bearish at lows, maybe it's time to start looking at the long side a bit more here after today's close.
I think we can see a good flush below 4K here. There's just no real bid at the moment.
4K is the last chance for someone to step up. I'm not sure we'll see it.