ES Journal - 2023/2024

[Overnight]

The daily chart looks rather ominous. If we break 4300 there is no bottom.

0 is pretty bottomy.

 

[Cessna06P]

0 is pretty bottomy.

lol

 

[Spooz Top 2]

No NL bounce off first test is a rarity … looking for a retest of NL to reimplement SS… Less is more is the lesson for today!!!

 

[BeautifulStranger]

0 is pretty bottomy.

Don't tell that to crude!

 

[Cessna06P]

Don't tell that to crude!

Well there was that day in April 2020.

 

[Buy1Sell2]

In my view, we are near the lows of this pullback and higher prices are to come from this area. Current cash 4340

 

[tiddlywinks]

In my view, we are near the lows of this pullback and higher prices are to come from this area. Current cash 4340

Daily, and weekly and even monthly as of today, have bearish postures.
Quarterly and Yearly are neutral.

Todays close locks in the current daily and weekly bar.
End of next week (eom) locks in D/W/M/Q.

That's S&P CASH

Bearish posture doesn't mean there are not or won't be long-trade opps.

 

[Spooz Top 2]

Great last 2 weeks… rewarding myself with a day off …recharging the batteries… flat into next week, outside of a few option positions.
Good weekend All!

 

[hipster ned]

Well there was that day in April 2020.

there was a long deceased nic on here who hoovered up as many contracts as possible on front month minutes prior to it going negative. he thought santa brought him a gift with the perceived zero bound

 

[Overnight]

...he thought santa brought him a gift with the perceived zero bound

And rightly so, because on the day it went negative the CME website still showed the low-limit breaker of $.01 in the quote sheet. Regardless of their warnings of the "potential" for it to go negative, that was some messed-up shit they pulled.