ES Journal - 2023/2024

I'm sensing a reversal here. Maybe it will turn out to be a dead cat bounce, but a reversal nonetheless.

 

You must be a young man

 

And most importantly, is there finally any obvious reason to be short?

 

SPX 5300. Big level. Interesting if it doesn't hold. Not even down 3 % on the week and it feels like the world is ending.

Been seeing some real bear market moves this week for sure, so should be interesting to see what happens next week.

 

Vix > 30: don't blink and remember to kiss your mama (said respectfully)

 

That's because traders are effing pussies.

 

Buy 5340, we have MOST PROBABLY seen the low of the day.

 

Amazon getting properly downsized today....

 

Well, it's been a non-stop pump to the extent that some people (hint, hint) started to believe for real that this market would never go down again.

 

I'd buy the market for a rally into next week on a close above 107 on NVDA. The problem is that it may close above 110 by the time it confirms.