ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Family visit today, so will miss today's session. Might be a good thing. LOL. 
What I don't like with the current down move is that I don't fully understand the why of it. The corona crash and the inflation plunge was easily understood as it was happening. Right now, I just see a variety of factors where it's not exactly clear to me what's the driver behind it all.
Any takers?
What I don't like with the current down move is that I don't fully understand the why of it. The corona crash and the inflation plunge was easily understood as it was happening. Right now, I just see a variety of factors where it's not exactly clear to me what's the driver behind it all.
Any takers?
Family visit today, so will miss today's session. Might be a good thing. LOL.
What I don't like with the current down move is that I don't fully understand the why of it. The corona crash and the inflation plunge was easily understood as it was happening. Right now, I just see a variety of factors where it's not exactly clear to me what's the driver behind it all.
Any takers?
Masters of the Universe took out loans to speculate using cheap Yen, that financing was used to create derivatives that relied on low financing costs. The raise by BOJ signaled that the financing costs may keep escalating and floating in nature like an ARM. So speculative funds that rely on low financing costs are being called back to close out those positions that are rate dependent.
Makes sense. Still seems a bit excessive to me with NQ close to limit down. Maybe it's the perfect storm with a lot of factors lining up together.
the worst ones are the ones that can't be explained. 'Explaining' relies on previous framework of behavior. So those are the scariest when correlations fall apart.
I closed out last week, was looking to buy into bonds.
At what point did you decide the downwards move was no longer just a "blip" before a rally to support Kamala?
when multiple levels break, those levels have a psychological framework, that framework shatters and creates a frozen /fear state. Too many levels broke.