RTH Open. Cash is king.Haven’t been paying much attention to the Globex Open. Maybe I should?
ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
So I s'pose what was supposed to be a "V" turned out to be little "M" (for "meh").
Still I'm quite optimistic about a reversal tomorrow. First, there was no follow through after Tuesday's monster sell off. Each day we've made a lower low but no significant sell off. Then there are the long wicks and tails, which only reinforces my view that bears are really pussies at heart. They have no conviction.
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Consolidation?
20 points from the weekly low here.
I’m sure it all depends on NFP tomorrow.
not sure if it still counts as 'todays' pnl (gone midnight here!), but took one more short. Was angry at being high ticked!
+8 there so back to being a decent day.
My hunch is we go down to 5460 ish from this 5510 level. Although as LF says, it's all down to NFP I suppose
+8 there so back to being a decent day.
My hunch is we go down to 5460 ish from this 5510 level. Although as LF says, it's all down to NFP I suppose
Tomorrow should be interesting. Looking forward to it.
Edit: My wife and I are out camping in Arizona's White Mountains (first time here). I'm going to miss the action tomorrow.
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No. There are only two OLs that matter. Bond at 5:30 and Regular. Then the close at 1:00 and 1:15 previous day.RTH Open. Cash is king.
There is actual S/R so tests, overshoots, bounces, wiggles, retest.
The Open Line strategy using the two deserves a look these days. (Hint)
I would bet dollar to doughnuts that there is $$ in there.
But keeping track every AM.....
Practice a scalp in there without wetting
. It is super fast and retail latency is a fact.Watching Southpark "End of Obesity".
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Yeah, but how often do we see the market consolidate just after a day of selloff?
Can't argue with the NFP being the kingpin, but based on the jobless claims reported this morning, I don't expect a huge change from the consensus.
BTW if they really wanted to sell this market down further, they could have. There was enough momentum to do so and yet it completely fizzled out. Don'y ask me what that means.
You shouldn't do anything on my say so is all I know.
Let's get something straight - I ask the questions, you answer them. You teach. I learn.
Got it? (see, that's a question)
In all seriousness, thank you for answering my question.
You and your line charts!
I went down a line on close rabbit hole tonight and yes. I blame you.
SP is a long-only market and when you get a nice ramp into the closing, even when the overall day was down, it more often than not, is good news for longs. The closing action and price is the most important activity of each day in my view.
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