ES Journal - 2023/2024

Lower daily BB approaching. This "should" give some support. For now.

 

nonsense, es already cut through the daily bb. i'd be looking at the 5380--5400 gap.

 

Don´t look at the ES Futures. Watch the underlying!

 

Futures above



Underlying above

 

BTW: anybody buying these cheap S&P 5750 call options now?

 

Even CNBC playing along nicely - and creating some good, old "media panic"! LOL! LMAO! ROFL!

 

They aren't cheap in vol-terms. They were 1120 beeps and now 1285 out to Aug16.

 

there wont be visible clarity till the first Trump/Harris debate. The timing points look like Sept 10 or 17th. So till than its a clown show and market prices in:

- hyperinflation
- USD, money flows out of the country

 

Maybe.

Or maybe we were overbought, people are taking profits off the table and we correct a bit more.

Oh, and AFAIK the threshold for hyperinflation is ***50%***... ***monthly***. What's the rate now? 3% yearly? Come on...

 

Implied vola is crazy.