ES Journal - 2023/2024
- Thread starter Buy1Sell2
- Start date
Go back and read what I posted.
Also, 1m charts make my testicles tingle.
I don't see. Just feel.
I respect that.
Not surprising, your phantom no entry-price trade failed. No need to be rude or crude about it.
Tingle On!!
There you go again with either/or proposition: It could go up but it could also go down. C'mon, make up your mind.
Yours kindly,
Your friendly short seller.
It was merely a word of caution as I'm sure many people expect strong up days to continue the next day, but historically, that's often not the case. So, it was more like a heads up based on my historical data.
It's interesting to know that this might in fact reverse in order to not get too reckless on the long side.
If we look at what's right in front of us, though, yesterday was a strong day up and so far the trend up continues. I'm not fading that until I see some weakness.
My best guess for now is we'll see consolidation in the upper part of yesterday's range or a small continuation higher today. Maybe 5600 in RTH. We have some big data coming up pre-market, so that should shake things up a bit for sure.
Forget polls, the stock market is the most accurate predictor of presidential elections (yahoo.com)
If you're feeling Harris is going to win, then be bullish and expect higher prices through the election. Higher prices are good for the incumbent.
If you're feeling Trump is going to win, then we should see lower prices through the election. Lower prices would benefit the challenger.
If you're feeling Harris is going to win, then be bullish and expect higher prices through the election. Higher prices are good for the incumbent.
If you're feeling Trump is going to win, then we should see lower prices through the election. Lower prices would benefit the challenger.
For today, I'd expect prices to rally up to 5594.50 which was the low on August 30th. If price manages to move higher than that, then probably will rally to the high of the recent range which would be in the 5660's.
If ES trades back to yesterday's closing price then I'd be watching to see if it is defended by buyers or do sellers attack and try to paint the day red.
That all sounds good, but I'm still basically a scalper who doesn't really care which way the day ends up so long as I can grab 4 to 6 points net. Though I'm just a lowly intraday scalper, I find the daily chart is the best guide to what is going on at any given moment for me.
If ES trades back to yesterday's closing price then I'd be watching to see if it is defended by buyers or do sellers attack and try to paint the day red.
That all sounds good, but I'm still basically a scalper who doesn't really care which way the day ends up so long as I can grab 4 to 6 points net. Though I'm just a lowly intraday scalper, I find the daily chart is the best guide to what is going on at any given moment for me.
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