ES Journal - 2023/2024

[vanzandt]

Ya'll can bump that loose stop down to 4893.75 now btw.

 

[schizo]

Where is everyone? I know Schiz didn't get wiped out... he's probably busy.
Oh well... whatever. We'll see how it works out.

Sorry, man, too much distractions.

I ain't shorting this beast. Even if we do pull back, it will probably stall out at the dashed line (which coincides with 2022 ATH) and shoot right back up.

As for the likely price target? Who knows, anything can happen, now that we've broken out above the previous ATH. However, it's worth noting the Cup & Handle pattern in the following chart. (But, c'mon, 6273? Seriously? Ya never know .)

 

[vanzandt]

Sorry, man, too much distractions.

I ain't shorting this beast. Even if we do pull back, it will probably stall out at the dashed line (which coincides with 2022 ATH) and shoot right back up.

View attachment 332285

As for the likely price target? Who knows, anything can happen, now that we've broke out above the previous ATH. However, it's worth noting the Cup & Handle pattern in the following chart. (But, c'mon, 6273? Seriously? Ya never know .)

View attachment 332286

We're talking tomorrow. Wednesday will be a whole new game.

 

[vanzandt]

Ya'll can bump that loose stop down to 4893.75 now btw.

Use 4895.75

 

[vanzandt]

Sorry, man, too much distractions.

I ain't shorting this beast. Even if we do pull back, it will probably stall out at the dashed line (which coincides with 2022 ATH) and shoot right back up.

View attachment 332285

As for the likely price target? Who knows, anything can happen, now that we've broken out above the previous ATH. However, it's worth noting the Cup & Handle pattern in the following chart. (But, c'mon, 6273? Seriously? Ya never know .)

View attachment 332286

Stops set. Tty tommo.

 

[schizo]

We're talking tomorrow. Wednesday will be a whole new game.

I'm in a waiting mode to see what the others will be doing. The way the market was moving today, it looks like everyone else is doing the same. We'll likely trade flat until Friday when the PCE numbers come out. Until then, hunker down and wait.

 

[Laissez Faire]

The DMI on Monthly Cash suggests another 725 pts upside in the offing.
View attachment 332129

Sure. Why not. That's approximately a 15 % gain from here. Not too crazy.

 

[vanzandt]

I think if this thing pops a little out of the gate tonight, 4886-4889 looks like a good short entry with a tight stop at 4891 and a lose one at 4897.25

I don't think it will get there though.

So far so good. Now lets see if we can get a nice drop before the close.
Of course markets only go up so we won't hold our breath.

 

[Zwaen]

So far so good. Now lets see if we can get a nice drop before the close.
Of course markets only go up so we won't hold our breath.

According to some threads, this was it, the maximum drop

 

[Picaso]

Sure. Why not. That's approximately a 15 % gain from here. Not too crazy.

What about Schizo's target? [Edit: it's just one Roosevelt/Reagan away ]

(But, c'mon, 6273? Seriously? Ya never know .)

I always enjoy your statistics, Laissez Faire, but in this particular case (Presidential elections), I think that the sample is too small to be significant for trading. I guess it has a lot of entertainment value, though, because journalists seem to love these.

Best trading to everyone.