ESU2017 - Everyone's a Bull, Right?

1 сент. 2017 г.

Sep E-Mini S&P just broke an internal peak at 2474.00 as seen on this lesser chart. Harmonic analysis shows even odds that the futures will exceed the old all-time high of 2487.50.

Are there any bears left? I'm not convinced this is a classic short squeeze, but the remaining ones seem to have fled or are exhausted.

Everyone is a bull at this point, blinded by their own lust and greed. But we're taught to trade what we're given and not what we want. Therefore, I'll enter a 1:1 risk-reward trade today. Stop loss at 2454. Profit at 2494.

My feelings be damned, but once we reach uncharted water and new highs, I'll seek clues of this transmogrifying into a steel teeth bull trap. The meat grinders are ready and the long knives have been sharpened. Should the rally hit my target of 2494, I'll hope to see all of my fellow matadors at the slaughter.

7 сент. 2017 г.

Заметка

2454 stop-loss achieved. Loss taken and acknowledged.
Lick the wounds. Brush the dust off of my chest.
It's a small matter. Just consider this the price of admission to the greatest game and death battle the planet has to offer.