ES Journal - 2023/2024

[Laissez Faire]

Federal Reserve minutes indicate worries over lack of progress on inflation
https://www.cnbc.com/2024/05/22/fed-minutes-may-2024-.html

Thanks.

Been a while since we've seen this type of selling.

 

[schizo]

drop 14 bucks, selling ensures.

Not to worry. Smart money is selling this market (on purpose) only to take it back up after NVDA earnings.

 

[Laissez Faire]

Bidless market. Usually takes me some time to adjust to the short side.

I can see this dropping further, but no way I'm shorting this here.

 

[schizo]

Long 5309

SL -5

 

[mervyn]

flat all zn at 109'02.0, i am good with 1.5 rolex carry trades.

fomc minutes spooked me. still holding ym short for 1% retracement.

closed out YMs for 78bps retracement, 4 days wait

 

[Laissez Faire]

So, how high can we go by the Close?

5322/25 seems possible, but wouldn't be expecting more than that.

Surely they can't V this higher than that?

 

[nonpln]

So, how high can we go by the Close?

5322/25 seems possible, but wouldn't be expecting more than that.

Surely they can't V this higher than that?

NQ normally going to 751 at least typically, beyond that not sure. this is all head fakes down though until 751. current price 18725

 

[schizo]

Long 5309

SL -5

Out 5314

 

[Laissez Faire]

NQ normally going to 751 at least typically, beyond that not sure. this is all head fakes down though until 751. current price 18725

Problem is today is probably not a normal day. Tougher to predict when we go 'off script'.

I still think ES hits 5322 and quite possibly your NQ target, though.

 

[schizo]

Long again 15