It's called "Pop goes the Nasdaq, episode 2.0™"
Speaking of which, who still remembers this song from the 80s?
ES Journal - 2023/2024
- Thread starter Buy1Sell2
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It's called "Pop goes the Nasdaq, episode 2.0™"
Speaking of which, who still remembers this song from the 80s?
what do you and the lads think about going sideways next week to form a H&S on your chart?
ATH with a h&s top, just before a correction?
Eyeballing it, it would be inline with the long term trendline from Nov2023 and would break it if the pattern plays out - though I’m looking on my phone so that may slightly off.
Speaking of h&s, where has Spooz been?
ATH with a h&s top, just before a correction?
Eyeballing it, it would be inline with the long term trendline from Nov2023 and would break it if the pattern plays out - though I’m looking on my phone so that may slightly off.
Speaking of h&s, where has Spooz been?
Seems like the entire world was trying to pick a bottom this week with a few exceptions. I guess that's a natural consequence of the euphoric bull market we've had lately, but something possibly changed this week and at this point it's wise to consider the fact that we may have started a correction which will continue in the coming weeks. I don't know the why, but I imagine uncertainty around the presidential election may be part of it.
We had a mild correction in the start of April down - 6.85 %. From current levels, that takes ES down to 5320. Another 220 points from here.
If we get a larger correction, say 10 %, that takes ES to 5150.
The point of this exercise isn't necessarily a prediction, but priming the mind for the possibillity that the party's over for now and gaining more confidence playing the short side. Let's see what next week brings.
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It's called "Pop goes the Nasdaq, episode 2.0™"
Speaking of which, who still remembers this song from the 80s?
Good song! When is the safe to dance?
You're total schizoid for trying to trade it this month during the "rotation".
There's a song for that.
But, oh, wait a minute, what is your nick?
Ahaha! You're a funny guy! Funny in the head, that is. (Because the market itself is total Schizo, Dow up 1000 points in 3 days, then down 1000 point in two days...The Q's up 10 points in a day, then down twice that in 2. WTF! )
It appears @Overnight, in his usual manner, decided to answer your question for me. It's safe to dance again when I'm no longer funny in the head.
It appears @Overnight, in his usual manner, decided to answer your question for me. It's safe to dance again when I'm no longer funny in the head.
I fart in your general direction. You know that what I say about market direction over the past few trading sessions is true.
But since you like to pester everyone about proof, why don't ya provide one yourself, ya fart head.
And, looky here, what is this comment below? Oh, it's a written proof from TUESDAY. Do you see where it sez "after today it will go down"? That's right, Mr Nostradamus (without shit to prove), you can take that to the bank. Bwahahaha.
No idea to be honest. I just feel (oh no) that something possibly changed in the markets this week.