ES Journal - 2021/2022

good battle today

 

USDJPY did a big about face hit HOD 151.945, now LOD 148.592 currently 148.606

 

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OK;
good forecast. Much easier to forecast than predict. You watch what happens by close of week, close of today

 

White Swan

 

Just one of those intuitive things but kept thinking all day yesterday that the market is just waiting for some news story to break it to the upside -- just felt like we were in that zone.

 

Will SPX make it to 3,806 today? Seems far fetched, but hope dies last.

 

SPX max pain is 371. It was resistance just after 12:00pm, then became support. Will "they" try to get it back down there to close?

 

Pivot to 50bps is not QE. There are things outside Fed's control. We will likely to close the year right about the bear mark.

 

FWIW, for those who think it matters, S&P is holding the 200-week moving average.