ES Journal - 2023/2024

[vanzandt]

Blow-off top complete.
Use 4067 as your short entry tonight on the pajama traders B1.

I actually calculated 4075, but I thought large sell orders would come in before that and keep things below 4070.
Hmmm.
4077 should work nicely.
But... hmph.
Well my upside Fib on cash SPX was 4144
Hmmm.
I still think this is a blow-off top.
I guess we'll see.

I have got to think that 2020 was the year that people blew the hell up. We had that huge drop in March, but by end of year it was positive? How did that not F bulls and bears alike?

You obviously missed the Izzy bottom then.

 

[chillibean]

L 4070

out here +11

 

[ElCubano]

I was actively trading in 2020. But for some reason, I can't remember.

multiple 10% days for either side. I know because they shook me out of being long full boat.

 

[Buy1Sell2]

 

[chillibean]

missed the buy on that little news pullback by a few ticks!
Hoping for another pullback to get long for the run to 4125 ish at a guess

 

[Buy1Sell2]

3 trading days before the actual bottom---

 

[Buy1Sell2]

The Izzy Bottom. --3 trading days before the actual bottom.

 

[Buy1Sell2]

 

[Buy1Sell2]

1 day before the actual bottom

 

[Buy1Sell2]

Opening above the high of 3/22. I would prefer that the underwearers would have driven it down overnight providing a launching pad for continuation up. Since my position is outraday, it's not as hard for me to hold long here after the big buy signal yesterday.