ES Journal - 2023/2024

Big picture, SPX is back above the monthly Open here. Leaving a huge wick behind.

Definitely bit of an outlier move so far this week, but we have had like 50 or so that's even bigger on the week since 2005. So, nothing we haven't seen before. :)
 
My prediction calls for 2 % on the high print. 5585. But the path there may be tricky...

I just figure that if we do hit 5585 they may just squeeze it another 15 points while they're at it.

Well, NQ is up almost 2.50%, so *on average* you already got your 2% :D

Maybe we get a stop run, but to me this feels is running out of fuel for today.
 
Well, NQ is up almost 2.50%, so *on average* you already got your 2% :D

Maybe we get a stop run, but to me this feels is running out of fuel for today.

2 % on ES.

NQ is a beast of its own. :)

Looking like a day which may close at the highs at the very last minute.
 
Tomorrow is monthly op-ex.
Monthlies don't carry the same weight as the triples, so it wouldn't matter that much.

Anyway, these are the only pending announcements on the docket for tomorrow. Nothing heavy to move the market. Bears just might hijack the market in the absence of news. That said, will be holding my short overnight.

upload_2024-8-15_12-51-57.png
 
Back
Top