ES Journal - 2023/2024

+10, B/E, +16, +10
Decent day. See what tomorrow brings

 

Done
AM: -8 pts
PM: -8 pts

Most the longs today were .

 

Really nice looking bull flag on daily. No obvious trend damage done today.

 

At what level would you say it has broken?

 

I bet lot of 0DTE guys lost money today.

If I read tomorrow's Call/Put volume correctly, there are lot more puts from 4000-4080 than the calls from 4115-4150, almost 3:1, same for open interest. Just food for thought.

 

Metals up tomorrow.

 

What makes you say so? My couple of ounces Ag in Panama want to know.

 

Algo

 

Ok I will be watching to go long paper metal. Shorting /GC paper this morning would have been sweet, alas I was a non participant. A good rule of thumb is short Au Ag in the morning.

 

Gold is tricky. It's easier not to trade and concentrate on other fish in the barrel.