ES Journal - 2023/2024

[themickey]

i think the sp will go down now for about 14-19 days -

Yup, about my reckoning, as we are drawing toward end of month, my algo was pointing to a surge this final week coming, but today had to be bullish.
That's now buggered, so I highly doubt this week will be up, rather, we now go down to a longer term support, about 3900 level.
Ken the saxy player will be happy.

 

[Overnight]

Why did the nasdaq just shoot up like a beast?
Who has a bloomberg?
Tell me Putin's dead..

I just noticed that also. VERY unusual market behavior at final 10 minutes of the future's day.

 

[themickey]

I just noticed that also. VERY unusual market behavior at final 10 minutes of the future's day.

Prolly trying to sucker in ASX traders to go long so they can get shafted later in the day.

 

[Overnight]

Found it. It was NVidia earnings, released at 4:50. Stock is up 7%

 

[vanzandt]

Found it. It was NVidia earnings, released at 4:50. Stock is up 7%

Oh ok. You usually don't see a release that late. That's why it shocked me, all the sudden I'm staring at long green candles out of nowhere.
Too bad. I was kinda hoping I was right about Putin.
Thanks ON.

 

[Overnight]

Oh ok. You usually don't see a release that late. That's why it shocked me, all the sudden I'm staring at long green candles out of nowhere.
Too bad. I was kinda hoping I was right about Putin.
Thanks ON.

Man, I tell you...The day Putin mysteriously falls out of a window, you will see MANY green candles in a row.

 

[schizo]

my algo was pointing to a surge this final week coming, but today had to be bullish.
That's now buggered, so I highly doubt this week will be up, rather, we now go down to a longer term support, about 3900 level.

Man, you need to fire that algo. It's not doing its job correctly.

 

[vanzandt]

Man, I tell you...The day Putin mysteriously falls out of a window, you will see MANY green candles in a row.

Yeah ya will. I bet it will be the biggest one day pop in history if it ever happens.

Brings to mind a video.
The Munchkins singing when the house fell on the witch.
I always liked the coroner's part with his kazoo sounding voice.

"As Corrrroner,
I muuust aver
I thorr-ough-ly
examined her.
And she's not only merely dead,
...she's really most sincerely dead."

Queue the Mayor:
"Then this is a day of Independence!
For all the Munchkins and their descendants."

---Hope floats.

 

[themickey]

Man, you need to fire that algo. It's not doing its job correctly.
View attachment 307055

Many algos are not programmed toward the very obvious, otherwise we'd all be gazillionaires.

 

[Laissez Faire]

I don't necessarily believe that the bull flag has completely failed yet, but again they really are to be traded once there is a breakout above.

You have to be really creative and hopeful if you're going to keep saying it didn't already fail when it failed yesterday.

Of course, the market can trade back up there from here and breakout, but surely the bull flag is no longer existent?

If you want to get really creative one could argue that there's a larger bear flag that's been building out for a while now.