Jump to content



Photo

LONG-o-phobia, looking to short


  • Please log in to reply
6 replies to this topic

#1 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 2,128 posts

Posted 13 March 2018 - 09:13 AM

Just can't go LONG this market!

Will look to short S&P, and also NQ after that blistering record move up. 

Not going long for a few hours.



#2 saltlake

saltlake

    Member

  • Traders-Talk User
  • 1,568 posts

Posted 13 March 2018 - 10:35 AM

2778 seems like a nice spot for a daytrade long with a 10pt stop, might get 12 handles

#3 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 2,128 posts

Posted 13 March 2018 - 10:48 AM

Yeah, looking for a bounce off 74/78, if it gets there

After the Friday gap up and continuation yesterday & today, the market may need some time to digest all this before resuming uptrend or reversing.



#4 CLK

CLK

    Member

  • Traders-Talk User
  • 9,362 posts

Posted 13 March 2018 - 11:49 AM

Short term might be up but I added to short on this bounce. News failed, so why would tomorrow be up ?



#5 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 2,128 posts

Posted 13 March 2018 - 12:01 PM

Yeah, this looks toppish, with a turn today or tomorrow, especially since NASDAQ has led the way down today. 

It could be an IT top has been made in the equity markets.



#6 CLK

CLK

    Member

  • Traders-Talk User
  • 9,362 posts

Posted 13 March 2018 - 01:05 PM

Took half off. I wish I could find a bear market to trade. I can't short bitcoin so that's out.



#7 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 2,128 posts

Posted 13 March 2018 - 02:28 PM

Potential DAILY REVERSAL candles, work in progress with 30 minutes remain in regular session