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John's walk refers to both the movie INK and so my journey in trading the markets. All comments are highly welcome and hopefully i will be able to add some value to this community by sharing my charts, positions and thoughts.
Just as in the above mentioned movie by Jacob: "something gotta stop the flow" so in markets and in life. Every object in motion tends to remain in that state of motion unless...
My primary goal is to go with the flow as long as "unless" becomes obvious.
Just to mark the start of my thread let me put the current quotes of some instruments:
Gold 1192, EU 1.2172, SPX 2086, 30yr 143.18
ES 2087.75 channel top. breakout or revisit channel low @ 2072.. shorting would pretty much violate the recent BTFAH principle, but the stop is good. dec 26.
stops were killed below the channel low and a quick reversal back above the line. in this CB controlled buyback supported market there is no place for shorts.
ES at the high again. what a crappy correlation. GU, EU seems like bottoming.. but not really. Double top on SPX.. but it does not mean anything... now we are stucked at the high.
just observing. patiently watching and sitting on my hands. maybe 2090.25 there are a lot of sellers.. but for how long?