Well, those Asian and Europeans stealing our move again. This is starting to feel like a bull market.
Incredible 2 days ago 95% of this board was a raging bear and today everyones a bull. There were a couple dudes on here that were holding shorts longer term. There silent now.
The market fucks over as many participants as possible Also a H&S is a often a continuation pattern so while I do expect a rally to 2925 perhaps even 3000, I would look into fundamentals from there as a guide because there is no way we are going to trade on prior valuations and big money will sell into those opportunities
Talking heads like Jeffrey Saut who was calling for 3800 3 months ago is back saying new highs coming this yr. Thomas lee who was dead wrong same thing . These same 2 guys who lead their followers to big loses have never admitted they were wrong. They sit around making millions a yr for being wrong .
slow staggered move down. You just know we're gonna blast up again soon and undo all of that move in like a 3 minute bar lol
Yesterday and today the money for day traders and short term swing traders was on the bull side. Two days ago the easy money was on the short side. Do you trade at all?
Up 7 figs the last month. I showed my $3 mil Ira a few weeks ago. And many dudes on here were trying to short yesterday. I saw very few going long. I could sit here like the rest of the guys and call out 50 trades a day with 95% accuracy . But thats worthless . Each person must find his own way. I'm trying to share info about general mkt sentiment and news to give direction.
The Veezee top of 2975 continues to hold. https://elitetrader.com/et/threads/es-journal-2019-2020.328086/page-1313#post-4992112 Remaining bearish for now. Short at 2725 with initial stop at 2976