ES Journal - 2021/2022

10yr Yield was dropping and Crude was rising this morning, this afternoon that's flipped.

 

It feels like 12 hour delivery, come on, final push!

 

Too much in one day it seems.

 

Here she goes. Let's see how much juice she got

 

me think this is a repeat of last week, shall see.

 

IMO we'll very likely retest 3820 before reversing. And if we get lucky (eg. Powell opts for 50 pt rate hike) we could even see 4150.

 

Like I posted 45 mins ago, once 10yr Y flipped from down to up and crude from up to down that was the sign indices prolly ran out of gas to push much higher.

 

Don't get ahead of yourself on day trading.

Maintain 1 or multiple ES exposure is a fine strategy.

 

"St. Louis Fed President James Bullard left open the possibility that the central bank would raise interest rates by 75 basis points at each of its next two meetings in November and December, while saying it was too soon to make that call."

That sez to me strong chance of 75 bps in Nov, let's see about Dec. Not the other way around and certainly not 50 both times. TWT

 

JP said at least 125bps to go by the year end.