ES Journal - 2023/2024

[vanzandt]

Nice.

What next from here?

Wobbly/sensitive/thin markets so far in ETH. Personally, I'm leaning long, but, I'm thinking we have a good chance at touching Friday's Close in RTH first.

So, not chasing any longs. Yet.

Might wanna just sit on your hands for a bit... while trying to catch a big move is tempting, and that is exactly what a lot of people are gonna try to do this morning... that is also when the waters get the most dangerous.

Put on some sun-screen and enjoy the view from the beach. The sharks smell the chum, and they will be inside the buoy's and in the shallow water very soon. I'd stay dry for now.

There's a time and a place to swing for the cheap seats, but right now the home team has their all-star pitcher in the bullpen, and his arm has never felt so good. He's gonna throw a lot of strikes today.

Hmmm. That's two summer analogies in one post...
...The Spring equinox must be near.

 

[Laissez Faire]

Put on some sun-screen and enjoy the view from the beach. The sharks smell the chum, and they will be inside the buoy's and in the shallow water very soon. I'd stay dry for now.

Where you at, buddy? I'm in Norway and it's still snowing here, although technically it's spring now according to the calendar.

 

[chillibean]

closing that here for +20

reshorted again much lower down
See if we can get a good slide on

 

[chillibean]

she's sliding

 

[Laissez Faire]

The main reason I'm leaning long is that the bearish sentiment is simply too strong now and most people (the crowd) usually get it wrong.

A failure to breakout below Friday's LOD can be a sweet buy. If we get continuation lower there's an open gap around 3808, so maybe low 3800 and potentially even more if this gets unhinged.

 

[chillibean]

maybe 3780 ish to clsoe if it doesn't come back up to my BE first

 

[ElCubano]

Might wanna just sit on your hands for a bit... while trying to catch a big move is tempting, and that is exactly what a lot of people are gonna try to do this morning... that is also when the waters get the most dangerous.

Put on some sun-screen and enjoy the view from the beach. The sharks smell the chum, and they will be inside the buoy's and in the shallow water very soon. I'd stay dry for now.

There's a time and a place to swing for the cheap seats, but right now the home team has their all-star pitcher in the bullpen, and his arm has never felt so good. He's gonna throw a lot of strikes today.

Hmmm. That's two summer analogies in one post...
...The Spring equinox must be near.

10000%

 

[chillibean]

reshorted again much lower down
See if we can get a good slide on
View attachment 308762

moving stop to +20 (3828)

 

[Laissez Faire]

A failure to breakout below Friday's LOD can be a sweet buy.

Triggered.

Should easily see at least 3900 coming out of here now.

 

[Laissez Faire]

Stilll a very sensitive market, so + 40 points doesn't necessarily mean that much. But 3900 would be a nice conservative target on the day, IMO.