We badly need a big gap down to get a recovery. Have to hope we don't end up opening flat. It will need some redness to build a green body. A green/ flat open ruins the setup.Stopped overnight for 3 points. And that's why I generally don't use wide stops.
Still thinking recovery today is most likely, so will keep taking a few stabs on the long side.
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
I tend to have a different view. I think we gap up and go higher.
But the more time we spend down here, the less certain I'm getting.
Yesterday was a bloodbath, but overall the week is only down -1,06 % at the lows, it's not like there's not more to go on the down side.
@flash crash nailed it yesterday, so we need a follow up call.
Today's Asian session
Taiwan index is down massively.
US index futures are down.
Nikkei, China A50, Hangseng, India Nifty are down just a little.
The Gold is up massively.
OK. Let's see what the Europeans are going to do.
Europeans, you are now in the spotlight.
Make sure you move (up or down we don't care), and don't be lazy/sleep.
Don't wait for NFEC data.
Taiwan index is down massively.
US index futures are down.
Nikkei, China A50, Hangseng, India Nifty are down just a little.
The Gold is up massively.
OK. Let's see what the Europeans are going to do.
Europeans, you are now in the spotlight.
Make sure you move (up or down we don't care), and don't be lazy/sleep.
Don't wait for NFEC data.
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Seems overextended, but the trend is down for now and bottom pickers (like myself) are hurting so far.
If you wanna go long, wait until 5400
I dunno about that. I haven't seen 150 point rally one day followed by 150 point drop the next, at the top/bottom or otherwise. This is just friggin' idiotic (not that I'm complaining about the volatility).
Currently short. Waiting for that area.
Sell side people only now finding out that some stocks are "overvalued". Sell side analysts have been fired en masse because they are not predicting the right S&P 500 targets.