ES Journal - 2023/2024

Just a mention that as of 11:55am pst, the 13 point gain is 40% of todays ES RTH range.
Not shabby! Plus you are ready for whatever you deem to be NEXT.

Good trade B1S2!

 

Thanks---It would be nice to also see another 20 points or so and close above the week's open.

 

Hmmm---I wonder if we could have a barnburner up into the close? ---Don't know.

 

Good to have Laissez Faire back.

 

ended up taking 2 more trades

+29.25 for the day

 

long 83.50

 

+3

 

I also took a few stabs at that triple bottom before I lucked out on my third attempt.

 

Looks like another failure week for the Mickey Mouse algorithm. Consistently getting it wrong. Better to toss a coin, IMO...

Very few can predict where the market is going. Trying to predict each day of the week in advance is just silly - especially in these conditions.

Like I said a few times now people are getting bullish near highs and bearish near lows. That seems to be the way. And I expect that to continue happening moving forward in 2023.

This is a post-FED market. And I saw @Overnight getting some flak for actually understanding that. No FED-juice, no bull market.

 

What's not to understand? High P/E on Decling Earnings is an expensive market.

https://advantage.factset.com/hubfs...k/Earnings Insight/EarningsInsight_021723.pdf