ES Journal - 2023/2024

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Underlying S&P target reached for today? Dip buying opportunity for the institutional asset managers....
 

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vanzandt said:
Soooo... how many retail traders do any of you think had the balls to short the Q's at the close today? Around $482? Very few would be my guess. Markets always bounce right? Right. A 2.9% drop....?!... unheard of. That's usually when they drop more.

If it bounces and returns to last week's levels.... its strong. But if they (Q's) open down and don't bounce, down 2.9% is nothing.

If it heads up, bet the farm short at $491.67
Tomorrow only though.
-->Analysis one day at a time.
More...
Naz down another 1%. It better bounce soon or its gonna get ugly.
 
NFLX reports tonight. Do not go by this, but I think it will drop below $580. And if it does, it'll take the markets with it.

So, not a prediction, but certainly a heads up if any of you have an open position after 4PM et. And if you're trading in and out around that time, just know, the move will be swift if it happens.
 
The flip side of that coin, it is one of the most loved stocks out there by the institutional folks, so if they come in with spectacular #'s on subscriber growth and it explodes up, then this recent selloff will probably be halted for now.
 
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