ES Journal - 2023/2024

Overnight said:
You have your pencil, and i have what looks to be the standard pattern in a continuing bull market. The morning dip by about 10:30 AM ET (+/- an hour) but then recovers into the afternoon.
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Whatever on that...

Ya know, a long time ago, SML told me he was slightly mentally disabled... now I ask you... why the f do you want to pick on someone like that?! Does it make you feel bigger? Whatever.

~case closed @Overnight
 
vanzandt said:
Whatever on that...

Ya know, a long time ago, SML told me he was slightly mentally disabled... now I ask you... why the f do you want to pick on someone like that?! Does it make you feel bigger? Whatever.

~case closed @Overnight
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Not in private message, I hope? ;)

Thank you for your bearish sentiments. I'm feeling a bit too bullish lately, so much needed with some balance and warnings ahead.

Lespaulr0cker said:
I expected there to be some stammering of the ES when it hit 5000. It typically does not just blast right through big round numbers like that especially when they’ve been reached for the first time. From a big picture perspective it seems we are still in a bull market so I wouldn’t get too excited on the short side. Not to say it won’t decline and stammer a bit, could even drop back to 4500, but unless some trigger occurs I’d say long term is further north.
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Pretty sure we blasted right through 4K and kept going for a while. I'll stand corrected if I'm wrong. Not at my trading computer right now, but I do think I checked just that.

If we look at prices only it's most definitely a bull market right now - regardless how many reasons there are that there shouldn't be one. Also, it's an election year. And even bull markets pull back.
 
Laissez Faire said:
Pretty sure we blasted right through 4K and kept going for a while. I'll stand corrected if I'm wrong. Not at my trading computer right now, but I do think I checked just that.

If we look at prices only it's most definitely a bull market right now - regardless how many reasons there are that there shouldn't be one. Also, it's an election year. And even bull markets pull back.
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Yes we did blast through 4000 and it took a year to revisit it but it did finally happen. I was pretty shocked by that one.

I do agree that the election year makes a pullback at some point followed by a relief rally afterward much more likely.
 
schizo said:
On a serious note, I think there's a real danger of ES rolling over come next week. Buckle up and get ready for some turbulence.
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For the day, I think the low is already in. Don't believe we will breach a new low. Hope you buckled up and had fun riding this baby down. As I mentioned above, methinks the show will go on for the entire week. :)
 
schizo said:
For the day, I think the low is already in. Don't believe we will breach a new low. Hope you buckled up and had fun riding this baby down. As I mentioned above, methinks the show will go on for the entire week. :)
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it touches 20ma and bounces back, it seems to be the pattern this year. until 20ma breaks, flushing down the toilet fast.
 
mervyn said:
it touches 20ma and bounces back, it seems to be the pattern this year. until 20ma breaks, flushing down the toilet fast.
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20MA works because so many folks follow it. But you just wait. It'll break down soon. :)
 
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