ES Journal - 2023/2024

[Laissez Faire]

My casual viewpoint is that this up leg may have a bit more juice to the up side before any major reversal or retrace. I'm thinking that we'll see that open gap above on SPX fill at least.

 

[newbie463]

yeah, SPY just filled that gap. SPX should soon follow.

 

[Laissez Faire]

 

[Buy1Sell2]

RSI suggests a longer term breakout from this weekly downtrend with at least 210 pts to the upside. Still looking for 4800 by years end.

 

[mervyn]

I checked ES chart for my trades in 2021 from Oct 13 to Oct 26, L4318.75 H4590, made $26,412.50, most from 10/21-10/25, double form 5 lots per trade to 10 lots per, green 15k those 3 days alone. Then it retraced 50% in the subsequent 2 weeks. lost 12k.

Am I worried another 50% crash, sure I am.

 

[vanzandt]

RSI suggests a longer term breakout from this weekly downtrend with at least 210 pts to the upside. Still looking for 4800 by years end.

10% upside on the backs of the Magnificent 7?

Naaaa. Consumers are pinched B1. Those rate hikes take a bit of time to do their thing,

IT spending will drop, Black Friday will flop, and the Mag7 bubble will pop.

 

[vanzandt]

We better bookmark B1's post... the day he signed on to Bidenomics.

 

[Big AAPL]

Sell scale 08-18.. position build out... shotgun formation... we`re past the exhaustion gap up here!

Hats off to Spooz

 

[mervyn]

Hats off to Spooz

Yea I tapped 11 points off his remark on my phone, 96 to 85. It took half day.

 

[theapprentice]

Hats off to Spooz

i don't know what a shotgun formation is what was meant in relation too the exhaustion gap, but it was a nice call!