ES Journal - 2023/2024

[vanzandt]

I have a feeling Powell is gonna pause on 5/2

If CRE crashes, we're gonna have systemic bank failures.
He's walking a tight line.
He may have to eat some inflation for a bit.
The banks are more important. Sad but true.

54 points to go for my 4200 today.

Edit:
Wow... that was my 28,000 post.
Now that's a sign.

 

[Master Pu]

I have a feeling Powell is gonna pause on 5/2

If CRE crashes, we're gonna have systemic bank failures.
He's walking a tight line.
He may have to eat some inflation for a bit.
The banks are more important. Sad but true.

54 points to go for my 4200 today.

Edit:
Wow... that was my 28,000 post.
Now that's a sign.

 

[Laissez Faire]

I have a feeling Powell is gonna pause on 5/2

If CRE crashes, we're gonna have systemic bank failures.
He's walking a tight line.
He may have to eat some inflation for a bit.
The banks are more important. Sad but true.

54 points to go for my 4200 today.

Edit:
Wow... that was my 28,000 post.
Now that's a sign.

You see 4200 today on the table today?

That 4180 level didn't budge much yesterday, so I wasn't hoping for more than a move back up there and maybe an overshoot of that. Of course, if we start ripping above there it's not a long way up to 4200.

 

[Master Pu]

Daily rising TL has held again.

 

[Laissez Faire]

Got 80 as anticipated. Now that we’re here I’m uncertain. Looks like there’s enough juice for continuation, but I fear being too greedy here.

NQ went green and keeps going.

 

[schizo]

Short 4180

SL 4203
PT 4075

Add to existing short at 77.50

(Slept in late like a baby this morning )

 

[spectastic]

I think it's reasonable to be open to bigger range expansion on mopex week, after 4 days of super tight range, 2 weeks of sideways movement, amidst huge divergence between price and sentiment. Honestly I'd be more surprised if we don't move out of this range sooner than later.

 

[Laissez Faire]

Add to existing short at 77.50

(Slept in late like a baby this morning )

Confidence level...?

Your short entry was excellent and it looked promising for a while, but when we failed to break below the range low at 50 - didn't that change the picture for your original thesis?

Or is this just noise to you on a swing trade?

I think this can go all the way to 4200 today. I wasn't expecting that today, but with 80 tagged and now going through it, it certainly looks possible.

 

[Master Pu]

Is the Daily chart overextended? Not IMO, anyone else?

 

[Spooz Top 2]

Dip buyers showed up at range low.

Ditto…. Resting buy limits hit 50-55….
The beautiful thing about trading range bound PA is risk is clearly defined!