ES Journal - 2023/2024

Buy1Sell2 said:
Need to be careful as we approach November. If the Democrats win the WH and take Congreff, the US will collapse shortly thereafter. Watch the charts intently.
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I’m thinking we’ll have a pullback of some kind leading into the election and a relief/Santa Clause rally after the election is decided regardless of which party wins.

And I agree with the election coming it’s important to watch price action closely moving forward.

My strategy is playing “safe golf” until the election is over.
 
Thank you, thank you... :D

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schizo said:
There's a sizable divergence between ES and NQ. Tread carefully. I see a big drop coming. Also NQ printing lower high ain't good either.
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I would hope the FOMC puts the hammer down on all this rate-cut shit in a week. The market is getting way ahead of itself if Powell spews a bit of pain like "We're gonna' wait a bit."

Too far too fast. Bunch of mugs I tell you, these dumbfucks who thought they would be cutting 6 times in 2024.
Just DUMB!
 
Overnight said:
I would hope the FOMC puts the hammer down on all this rate-cut shit in a week. The market is getting way ahead of itself if Powell spews a bit of pain like "We're gonna' wait a bit."

Too far too fast. Bunch of mugs I tell you, these dumbfucks who thought they would be cutting 6 times in 2024.
Just DUMB!
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I agree, but I feel the FED looking at PCE and CPI as a static number is missing the biggest issue economically for most Americans. Years of higher inflation is compounding in nature. So ok great you get “inflation” back down to 2% but that’s after it’s been compounding at a higher rate than that for x amount of time… they’re not looking to get average inflation back to 2% which would actually take deflationary measures.

At some point all these companies who’s profits are derived from consumer are going to have to take a haircut cause quite simply, there’s too little money in most hands and too much money in too few hands.

I don't believe the 1% cannot support the consumer portion of the economy on their own.

All of this is immaterial to trading though and I don’t wanna derail the thread.

Chart in front of me, day by day.
 
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JamesOptions said:
I agree, but I feel the FED looking at PCE and CPI as a static number is missing the biggest issue economically for most Americans. Years of higher inflation is compounding in nature. So ok great you get “inflation” back down to 2% but that’s after it’s been compounding at a higher rate than that for x amount of time… they’re not looking to get average inflation back to 2% which would actually take deflationary measures.

At some point all these companies who’s profits are derived from consumer are going to have to take a haircut cause quite simply, there’s too little money in most hands and too much money in too few hands.

The 1% cannot support an economy on their own.

all of this is immaterial to trading though and I don’t wanna derail the thread.

Chart in front of me, day by day.
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Hey man, I'm just looking for a good dip to buy. :-(
 
darn, 5200 didn't get filled and bounced back, let's wait for the moneyda drop. i think tech has top out for the moment. inflation is coming back.
 
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