ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
This is your bottom for a bit. Massive green candle tomorrow incoming, especially if it can survive the gap lower(without it making a V first). If you don't believe me candles matter, this needs a massive green candle to destroy everyone's puts and mess everyone up. I wish tomorrow wasn't a fed day. Absolutely hate that.
Microsoft says hold my fucking beer. You're underwater another four handles in Q.
AMD earnings giving a pop/break to the NQ (up like 7% from the close)
That's insane. Once the AI bubble pops, this will completely and utterly kill the market.I think Microsoft, Apple and Nvidia alone are about 20%
While I do think that we were/are way overbought, I don't think AI is all bubble, all hype. This is going to be transformative, not the BS chat bots, not the pie-in-the-sky AGI (Artificial General Intelligence => human intelligence), but the ACI (Artificial Capable Intelligence) that is within reach in many fields over the next few years.
Yeah I'm aware, the MSFT negativity will mark a bottom (could be temp bottom, no one knows for sure). Hence, why I posted. It just sucks that most of the action tomorrow comes from 2:30-4:00. Absolutely despise Fed days. This market still makes V shapes too easily. A big rally is happening in early August (even if it doesn't end up holding this is going to have a good rip). That's how these markets work.
That makes perfect sense, but do you think today might be an exception with the FOMC tomorrow. Only one day's rent to wait. But yes, if you didn't take the hit and close before the bell, odds are the best price you'll get would be tomorrow at the open. And if NVDA stays up overnight, that should work out. But your way is the smart way for sure.
100% right. AI is a long game, but there is no denying we're at the dawn of a new age.