Stop to 77.22 will wait here this may run looking at longer time frame.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
out and done.
In my view, Tuesday's price movement is a bear trap that will likely result in an effort to surpass the 4172 level, and my anticipation is that there will be an upward trend aiming for a level above 4300. This surge is likely to culminate with Apple Earnings, implying that the market will surge to a new high on the Fed rate decision before dropping during Apple's earnings
My view is the opposite, 50ma will be tested shortly if not 200. Yesterday one trading session wiped out the last 16 sessions' movements. That tells something, everyone is ready to go lower if any bad catalyst hit the fan, afraid of being trapped in this tight range.
U.K. Blocks Microsoft’s $69 Billion Bid for Activision, a Blow for Tech Deals
U.K. Blocks Microsoft’s $69 Billion Bid for Activision, a Blow for Tech Deals
In the grand scheme of things, this block will be a blip in an ocean. Stocks always fall with more volatility than they rise. I do agree that we are near an intermittent top of this leg, I just don’t agree on timing.
In a long run we are all dead.
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