Flip long 93.75
+ 1
(Sorry for cluttering up the thread with these scratches
. Can't help it, that's what the algo is spitting out. At least, there ain't no big losers yet.)
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
+ 1
(Sorry for cluttering up the thread with these scratches
. Can't help it, that's what the algo is spitting out. At least, there ain't no big losers yet.)
Out 94.25
Mick, I thought we all told you to return that useless algo for a full refund.
With the Hamas hating on the Israelis and vice versa, one would think the market would go south but it went up for the past 2 days. What's up, folks?!!
Actually my latest algo is looking more promising than the prior one. 
(That prior one was built on the 1MA offset theory)
But my ES/mkt short timeframe call a few hours ago, it wasn't an algo call, it was from a hunch on a new theory I was mulling with but promptly have since scrapped.
(That prior one was built on the 1MA offset theory)
But my ES/mkt short timeframe call a few hours ago, it wasn't an algo call, it was from a hunch on a new theory I was mulling with but promptly have since scrapped.
Mick, I thought we all told you to return that useless algo for a full refund.
Mickey Mouse have me on ignore. If he didn't, he could have been on the right side of the market today...
I haven't looked into it in detail, but historically, I believe wars generally have been bullish for the market. Ukraine was obviously different for obvious reasons. This ME conflict probably doesn't impact the stock market in the US negatively. At least not as of now.
Odds are good for a decent October this year anyway.
Nooooooo. Wars and natural disasters have negative implication on the market.
This ME conflict should impact the market because it can spiral out of order. For instance, everyone assumes it was Iran's missiles that Hamas used to attack Israel. So much for all the talk about "the market looking forward", right?
Initially, maybe, but not medium/long term, I think. I suppose market participants figure it's contained for now, but if the conflict should escalate further I'm sure we'll see some volatility.
Seems to me that the market often goes opposite of where people expect or common sense dictates. I just keep it technical. And today, the technical bias was sideways or higher.