ES Journal - 2023/2024

TrailerParkTed said:
When do you think inflation would kick up, the Fall?
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personally i think the inflation has already topped, 3.3-3.5% max. however when the unemployment rate goes up again, folks will not spend anymore, and have to cut expenses and unwind their debts. government is already in a 35 trillion debts, can they print more money to bailout the market?
 
only stable trade i would continue to make is cl, all other instruments are speculative, including gold.

Nikkei down 1.8, KOPSI down 2. Nikkei back to January level.
 
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I hate round numbers, but if thing hits 5300 tonight, I'd take it long. That just happens to be where my line fell on the chart. I wasn't even looking at the price axis.
 
v-shape-0DTE said:
There's no doubt it was a much bigger drop than I thought and you had 5 decent sell days so far. 2 gapped lower and 3 were green first and then plummeted (which is the ideal way to get selling). But the market is always on borrowed time when it's in sell mode. The same way it ripped Wednesday it can absolutely rip again. The only thing different in the air is they finally are letting these big sell days happen, which is kinda crazy after being suppressed for 2 years. Even if this is a bigger selloff, it will take a while to play out. Wave white flag? Only if we've established a true downtrend on the weekly chart. I've seen way too many times how these selloffs can just magically end and we are sitting at good support.
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QQQ 437. I'm convinced you're 17yo. Nobody >25 talks this myopic and ignorant.
 
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