ES Journal - 2023/2024

It's Elon Musk and his flap (again).

 

My gut feeling is that we're heading down. The market was just begging for any excuse to go down and this might be it.

 

I don't have any data on this, but I can never recall a Globex gap not being filled in the same session.

 

In any case, I took a short at 5580. I say we go down to 5500 tomorrow.

 

As long as your stop isn't at 5602.

 

Hopefully 2 weeks later.

 

i have said that last week, rty long. for es, if this earnings season is probably the first quarter that fails to impress, besides the book cooking. election and rate are risk off trades.

 

Pivot is 5580, if below stay short, the odds of a Republican win is very minimal. Which means the market will sell off.

 

YM tried four or five times to recover yesterday's low. I'm now short close to that level. Stop and take profit shown. Actual result will probably not be as a full take profit and is more likely to be a full stop loss than full profit. I'm not going to be babysitting this overnight. If it is still alive when I get up in the morning I will reassess it.

I'll add if moving lower.

 

Those on Wall Street will try to wring out a rate cut from Jerome Powell before the election. And the best way to do that is to knock the market down senseless.