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S&P 500 Futures - Jun 24

CME
Symbol
Exchange
Currency
ESM24CMEUSD
US500DerivedUSD
ESc2CMEUSD
ESc3CMEUSD
Currency in USD
Disclaimer
5,132.25
+50.00(+0.98%)
Delayed Data

S&P 500 Futures Discussions

I'm bearish, and positioned for a down move but if I didn't have a lot of faith in this level that rejected on the current ATH(from a pretty long term view) then the obvious move would be to target the upper end of this wedge and/or double top, so i'll admit that, but....gotta trade your plan until it breaks down. Weekly cash gaps TYPICALLY fill at t+4 to t+6.....At this point I just have to decide between the cash and futures touches and my lines were off by ~6pts for cash, the low touch is valid I will lean towards cash touches for signals this week - an explosive up move on a break of the ATH is unlikely IMO, maybe 10pts-20pts higher on each weekly candle until news if we want to go that route
reality. It’s really gotten out of hand
Perhaps the truly masochistic behavior is people buying into a long position Friday after a run up proceeded by a huge dump.
i pick spots, its just we’ve been in this spot for over a month...everybody is so dam/n bullish on a month consolidation. And guess what, they are losing, not winning because besides my comments regarding rotations into low beta, consumer staples and div stocks, nobody is playing ‘boring’, they are getting rekt putting money into high beta and leverage while JNJ moons for another week...but they wont admit to that. Not a coincidence that im getting hit up for investment advice by ppl with blow/n accounts while indexes are at ATH, take your del taco for example, dude posts his TSLA all in call position but fails to recognize it after 10% down...doesnt matter if we go up or down, retail bulls for the most part were swept up in the hype and are already wiped out or clinging to margins. Smart bulls rotated, those bulls aint posting here
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