Well, that would be a long-term BO. It's not something we have never seen before.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Well, that would be a long-term BO. It's not something we have never seen before.
I prefer to take it day by day, but just for fun and to offer a contrarian view, I'll say we have quite decent chances of seeing 4550 by the end of January. 
I prefer to take it day by day, but just for fun and to offer a contrarian view, I'll say we have quite decent chances of seeing 4550 by the end of January.
FALSE!
Come again?
I prefer to take it day by day, but just for fun and to offer a contrarian view, I'll say we have quite decent chances of seeing 4550 by the end of January.
Luulen, että meidän täytyy vain olla samaa mieltä siitä, että olemme eri mieltä.
(I think we're going to have to agree to disagree)
4550 by end of January is false.
Are you from Finland? I visited Helsinki a few weeks ago. Lovely city.
I see several factors suggesting down is the more likely scenario from here. For one, it was a weak opening of the year. Further, this leg up exceeds the average leg higher for the last few years suggesting a correction could be due.
Finally, everyone is just too damn bullish and everyone can't be right.
4550 is the statistical target if we do go down. As long as last week's range is not exceeded, I'll assume that's in play, but we might see some consolidation before continuation lower.
Not a prediction written in stone by any means. Just part of my preparation and game plan such that I'm well prepared to capitalize on it if so happens.
Looking at a weekly chart SPX, at previous 'tops' price often has to go somewhat higher and 'meander'/consolidate for a few weeks before a larger pullback occurs.
But(t) like i said, like a hairy pimple on a mandrill's butt
No Dutch here, my mistake, I thought you were Finnish (somehow)
But(t) like i said, like a hairy pimple on a mandrill's butt
No Dutch here, my mistake, I thought you were Finnish (somehow)
You predict, I predict. That is the game everyone plays. Play it well?