ES Journal - 2023/2024

[vanzandt]

Well, I hope you're right. I also thought we were due for a bounce last night and believed we would go up today. But it was not to be.

Not sure if it will spook the markets or not, but in the last hour N. Korea launched a bunch of artillery shells into an off-shore neutral zone with S. Korea.

S. Korea is evacuating residents of the islands nearby. Might get a quick drop when it hits the financial wires.

 

[schizo]

Not sure if it will spook the markets or not, but in the last hour N. Korea launched a bunch of artillery shells into an off-shore neutral zone with S. Korea.

S. Korea is evacuating residents of the islands nearby. Might get a quick drop when it hits the financial wires.

Those thugs again? BTW What did Trump called that fatso? Oh, yeah.

 

[ElysianSignals]

I'm feeling bullish for tomorrow, although I believe we will eventually go down and revisit 4600-ish in the near future.

I believe in the $4600 target. Everyone speaks about North Korea now, and I don't claim it doesn't price in the dump, but I say DSI/DSIE sentiments signaled a weakening of bullish sentiment since December 21 when I believed the North Korea news wasn't an issue yet. Can you see those green lines? The target is technically coming from August 01 and November 29 to form the target.

 

[Relentless]

Big up day tomorrow.
Cash is 4702 as I type.

 

[vanzandt]

Except we just made a new low, so it remains to be seen IMO.

Well Schiz, at least we closed green. Out of the gate and up till 11 AM, we were looking good. Up 30 points + at the top, so I don't feel too bad. But it didn't hold obviously. Well whatever... at least we closed somewhat green. Lots of "experts" were crowing otherwise.

 

[Master Pu]

SPX is a nothing burger. Current trend is mostly about AI, if you see what’s happened to stocks that are working in AI, even META that I posted about when it was hitting lows, it becomes evident that SPX is not the barometer of what’s happening. It’s more of a distraction.

 

[vanzandt]

SPX is a nothing burger. Current trend is mostly about AI, if you see what’s happened to stocks that are working in AI, even META that I posted about when it was hitting lows, it becomes evident that SPX is not the barometer of what’s happening. It’s more of a distraction.

Yeah. That's probably true, but it's still a trading vehicle. It goes up, it goes down. It could easily be tulips, or dirt. But it moves. That's all that matters right?

 

[schizo]

Well Schiz, at least we closed green. Out of the gate and up till 11 AM, we were looking good. Up 30 points + at the top, so I don't feel too bad. But it didn't hold obviously. Well whatever... at least we closed somewhat green. Lots of "experts" were crowing otherwise.

No, it didn't look bad in the morning even though it sold eventually off. But the good thing is that ES closed with the long-legged doji (long wick and long tail), so we could be seeing a bounce come Monday.

 

[Relentless]

SPX is a nothing burger. Current trend is mostly about AI, if you see what’s happened to stocks that are working in AI, even META that I posted about when it was hitting lows, it becomes evident that SPX is not the barometer of what’s happening. It’s more of a distraction.

Who cares?

Like an old bond trader I knew always used to ask people: "You wanna talk about markets or do you want to make money?"

 

[Zwaen]

My predictions are like a hairy pimple on a mandrill's butt, but looking at behavior during previous 'double tops'... in 2 weeks, it would not be strange to see a close SPX > 4820, followed by some weeks churning, and only then some downside

**somewhat influenced by @vanzandt posts