1) My longer term thoughts don't really belong in my already overly causal trading journal.
2) I happen to think that we are at a fascinating juncture in the markets.
My intention is not to present bias or a bull versus bear case, simply to highlight my current model(s) and where we might be. I will try to provide occasional content that is thoughtful, informative, helpful or puzzling and often just downright entertaining (as in 'what on earth was he thinking').
They are just my thoughts, nothing more and nothing less.
To kick off, ES and Spx have so far given their own heads-ups with retests and followed the Gann script with continued advances.
But Euro is absolutely locked in a battle of decade and monthly longs versus monthly and weekly shorts, both sides have plausible daily series to run with, but neither has a confirmed target hit to start one. Do we finally get a jury verdict on the D v I question any time soon?
And Dow and Dax are at massive decision points, break through and seriously fly or reject and die. Pullbacks/consolidations obviously always around, but I think a monthly decision from anywhere around these levels will be highly significant for the next couple of years. (E.g. thinking 10,400 versus 8,400 just for starters on Dax.)
I guess I am still with Gann until at least the medium-term extension fib supports on ES start to collapse, but that's picking sides which I said I wouldn't do, so to be fair the question has to remain as "To 'B' or not to 'B' for Mr P".