ES Journal - 2023/2024

[mervyn]

You probably wasn't there in August 2010...

Why? What’s the significance that year.

 

[rb7]

Why? What’s the significance that year.

Check charts at that time. Big moves.
I remember I was on vacation in Vegas at that time.

 

[Laissez Faire]

Wednesday is an eternity for a short term trader.

Regardless, we can easily see 4500 this week.

4500 tagged. = )

 

[mervyn]

4500 tagged. = )

But did you carry the position…

 

[mervyn]

Q is rebalancing on July 24, to reduce the mega weighting. No word on spx.

 

[Laissez Faire]

But did you carry the position…

Summer holiday at the moment, so just following the moves in between. Wouldn't have carried anything into CPI anyway.

 

[Spooz Top 2]

I anticipate sideways consolidation PA over short term… Handle build out for Cup & Handle formation appears to be where we’re going!

That would be sideways to slightly down consol…..

On Our way to 4600+ ... ala Daily Cup n Handle from April ... New Hi Spooz!

 

[Overnight]

Q is rebalancing on July 24, to reduce the mega weighting. No word on spx.

It will be interesting to see the volatility next week, as the rebalancing details will be released this Friday so funds have time to digest the changes and reallocate before the 24th.

I.E. I guess the QQQ will be going down a bit as panicky investors say GTFO.

 

[mervyn]

It will be interesting to see the volatility next week, as the rebalancing details will be released this Friday so funds have time to digest the changes and reallocate before the 24th.

I.E. I guess the QQQ will be going down a bit as panicky investors say GTFO.

don't know how it can impact the level though, maybe it will backdate all the data series like stock split? not sure the mega cap will be sold off significantly, it is not a rotation.

 

[mervyn]

4.5 pts, val to poc, should hold to val, lol, it is retracing now...