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ST buy, stop @ SPX 2847; IT neutral


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#1 dTraderB

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Posted 21 August 2018 - 06:33 AM

Market has to make new highs & sustain the upward momentum or else it will be a swift and memorable decline. 

ST buy is on with daily stop @ SPX 2847

IT neutral with BUY trigger above current record highs and IT SELL trigger @ 2835

 

CRASH WINDOW still open

 



#2 K Wave

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Posted 21 August 2018 - 08:46 AM

Watch NQ 7400 level here this AM....

 

As long as it holds, bulls can start to push NQ higher out of big wedgie...

 

But IF it fails, then would be sign of weakness.....

 

Looks like pivot day here to me....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#3 K Wave

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Posted 21 August 2018 - 09:05 AM

AAPL starting to show first real relative weakness since earnings pop....

 

Below 215 could be first sign the ramp is over...

 

210 is the big number now...


Edited by K Wave, 21 August 2018 - 09:07 AM.

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#4 dTraderB

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Posted 21 August 2018 - 09:46 AM

AAPl is the key -  market will move up or down depending on which way APPLE goes. 

 

Looking at NQ 7460 as buy trigger

 

Want to see an NQ hourly close below 7400 for shorting



#5 redfoliage2

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Posted 21 August 2018 - 12:05 PM

This market is running up on the hope that the Chinese trade talk team will make big offers.  However, this is just based on good wishes and the market will be disappointed in a big way.  This low ranking Chinese official being sent by the Chinese leadership on the invitation from U.S. won't be able to make any deal.   I'd not be surprised at all to see the market drops big on the day the Chinese talk team leave.  We should know it very soon............


Edited by redfoliage2, 21 August 2018 - 12:14 PM.


#6 NAV

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Posted 21 August 2018 - 12:20 PM

 

 

CRASH WINDOW still open

 

We don't have the sentiment backdrop for a crash. The CNN fear and greed index will go north of 90 at some point in this current move. That's when i will be worried about crashes. For now, enjoy the ride and milk the rally as much as you can.


"It's not the knowing that is difficult, but the doing"

 

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#7 dTraderB

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Posted 21 August 2018 - 01:49 PM

Never seen such a slow-motion tortuous day-trade like this ES short @ 2872.5

 

Now at 2868.5   trailing stop now @ 2870 



#8 redfoliage2

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Posted 21 August 2018 - 01:55 PM

Never seen such a slow-motion tortuous day-trade like this ES short @ 2872.5

 

Now at 2868.5   trailing stop now @ 2870 

I see there will be a faster downside move tomorrow  ................. 



#9 K Wave

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Posted 21 August 2018 - 02:00 PM

Well that was certainly an ugly half hour after bulls failed to hold the breakout attempt of 7430 on NQ

 

If they take out 7400 before the close, tomorrow could be a doozy....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#10 dTraderB

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Posted 21 August 2018 - 03:57 PM

Bearish hourly candles

 

and some selling after close of regular session

 

SPX has to close above record intraday highs to keep the rally going. Not impossible.