ES Journal - 2023/2024

short 5297
12 point stop
moving stop to 5301

upload_2024-5-29_16-18-19.png
 
Not long for the end of month rally?

I bet today was a good buying opportunity.

what rally? es and nq are already top the chart, if not for nvda, the market is crashing like ym.

the rate, if core pce meets the expectation or even slightly higher, i think 10s will come back down to 4.5 shortly in a week or two.

but in any case, i need to free up some margins to meet the expected drawdowns.
 
what rally? es and nq are already top the chart, if not for nvda, the market is crashing like ym.

the rate, if core pce meets the expectation or even slightly higher, i think 10s will come back down to 4.5 shortly in a week or two.

but in any case, i need to free up some margins to meet the expected drawdowns.

Well, that remains to be seen, but end of May have been good for the last 10 years.

So far, this is only a very mild pullback.

I have to admit I can get struck by euphoria at times, so I do appreciate the bearish counter-view for sure.
 
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