Refresh my memory, but haven't the market mostly tanked following any FOMC releases and FOMC talks lately?
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Can't remember. Generally though, does fade the initial reaction apply?
I think so, yes. It's just a regular talk today, though. I think. But I imagine algorithms and players will be hanging on his every word...
Technically, this is still a buy, but I imagine that all goes out the window now, so looking for a lottery ticket in either direction. A sell back in last week's range or a rally to 4250. Or both.
Weakning. I shorted 4216 with a 5 point stop. Let's see if I shorted the low or not. Uncertain about target. Pullback or sell-off.
Spikey! Holding with a 3 point stop for now. Lotto ticket.
I'm assuming 4150 could be in play if this accelerates with a break of the LOD and 4200. Holding up fairly well so far. Not easy to read this action. I'd say it's all random.
May enter long if we start moving above 4220, but doesn't look like that's happening as of now.
Let's see if some big boys will try to defend 4200 or not.
I'm assuming 4150 could be in play if this accelerates with a break of the LOD and 4200. Holding up fairly well so far. Not easy to read this action. I'd say it's all random.
May enter long if we start moving above 4220, but doesn't look like that's happening as of now.
Let's see if some big boys will try to defend 4200 or not.
Bidless market for now. Bottom pickers trying their luck at 4200.
Unless Powell say they're restarting QE, I'm thinking Outside Day. I'm assuming he must have said something else at first to trigger this.
Unless Powell say they're restarting QE, I'm thinking Outside Day. I'm assuming he must have said something else at first to trigger this.
Ugh. Dip buyers showed up. Right back up to the 50 % Level.
Ready to close it out here on the next leg lower. This could have been it for a bottom today.
It's anybody's guess if this is a retrace or a V-bottom.
That spike higher was sold hard at least. Let's see now...putting my stop at 4111 to secure 5 lousy points.
Ready to close it out here on the next leg lower. This could have been it for a bottom today.
It's anybody's guess if this is a retrace or a V-bottom.
That spike higher was sold hard at least. Let's see now...putting my stop at 4111 to secure 5 lousy points.
There's a bid at that 4200 level, but I'd say sellers are in control as long as we hold below 4110 or so.
I would be impressive if this day reverses and we make a new HOD. As of now, that appears unlikely. So, holding short.
I would be impressive if this day reverses and we make a new HOD. As of now, that appears unlikely. So, holding short.