ES Journal - 2023/2024

It appears you haven't received my memo yet. I advise you to wait until we get up to 4400.

 

And speaking of memos, I've got a fresh memo hot off the press: HOD 4130

What y'all think?

 

I don't see how we pass 4115, if we get to 4100 at all. (today that is.)

 

Why?

 

I don't think it gets there. If it does it will rewrite the map by quite a bit.

 

Just remember, the bear case is always the most logical.

 

But previously, I thought you said 4080 was the top, no?

 

confluencing factors…..

previous swing high Spx was 4100 which corresponds with approx 4115 ES

AND

4115 is 1.618 fib of todays opening 90min range.

 

And the unthinkable usually happens at the top, so we'll just have to wait and find out.

 

I think its still a lot of the same as we've discussed before. Traders / investors let their opinions get in the way of what the charts are spelling in clear fashion (if you know how to read them).

Markets dont operate on logic. This is why all these brains from MIT etc. that take a stab at this stuff generally dont fare well.