bullls losing grip
will catch on the way back up.
will catch on the way back up.
ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
- Start date
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stopped out at BE Total trade yielded couple points profit now currently flat... This is looking more and more like a wash out move. due to option expiry. I may reenter long at some point but probably not. If anything this market should have down pressure unless it can get above 1400.50.
Was just doing some eow analysis and I thought I'd mention this...
I said in my last cycle post that this would be an ideal period for markets to de-synchronize... It is slightly possible that ER and NQ as of now, may no longer be synchronized with ES and YM.
I'm NOT calling this desync scenario at this time, the basis for such is unconfirmed and certainly early. Could just be an anomaly associated with Quad Witching, I don't know. Im merely saying the first days of next week could be more interesting than normal. (or not)
Have a good weekend all.
Osorico
I said in my last cycle post that this would be an ideal period for markets to de-synchronize... It is slightly possible that ER and NQ as of now, may no longer be synchronized with ES and YM.
I'm NOT calling this desync scenario at this time, the basis for such is unconfirmed and certainly early. Could just be an anomaly associated with Quad Witching, I don't know. Im merely saying the first days of next week could be more interesting than normal. (or not)
Have a good weekend all.
Osorico
I think next week markets may continue to decline. Implementing B1S2's analyses based on longer time frames, looking at the daily chart there is not enough conviction, at this moment, in selling pressure completing its cycle. I hope there will be another sell wave resulting in a divergence & that would be a better time to initiate fresh longs.
looking at psychological sentiment or the gut indicator, looking at all global inputs from multiple sources, it seems the market is stuck in malaise, and will tend to head down before the summer selling starts. The usdyen is signaling weakness also.
Oil should run stops in the 50 dollar handle before summer driving season starts and try to head back up in anticipation.
Money will continue to flow into bonds. A recession is almost a selffulfilling prophecy. Its what everyone wants subconsciously. So the macro trades can work off of something.
Oil should run stops in the 50 dollar handle before summer driving season starts and try to head back up in anticipation.
Money will continue to flow into bonds. A recession is almost a selffulfilling prophecy. Its what everyone wants subconsciously. So the macro trades can work off of something.
The market has traded almost exactly back to where it started two weeks ago (see chart).
I find it impossible to even think about predicting where it's going to go from here, I just know wherever that is, I'll be there, waiting for my next opportunity to take my trades and improve my skills.
***
Speaking of predicting, there's some lively debate going on over here:
Predicting is ***Unavoidable***
Good trading,
JJ
I find it impossible to even think about predicting where it's going to go from here, I just know wherever that is, I'll be there, waiting for my next opportunity to take my trades and improve my skills.
***
Speaking of predicting, there's some lively debate going on over here:
Predicting is ***Unavoidable***
Good trading,
JJ
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