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My best day since Oct 2008.... dead cat bounce now?


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#11 dTraderB

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Posted 11 October 2018 - 10:04 AM

staying on the sidelines around this SPX 200ma and NQ 7000



#12 K Wave

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Posted 11 October 2018 - 10:39 AM

Approaching 12,400 target zone on NYA....

 

Bulls in big trouble if that don't hold....could turn into full scale crash...



#13 dTraderB

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Posted 11 October 2018 - 11:11 AM

My daytrading NQ bias is long once we stay above 7000

 

Hesitant to trade short near or below that since I still have a few QQQ puts and the market seems to be TRYING to make a bottom here, temporary maybe



#14 dTraderB

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Posted 11 October 2018 - 11:13 AM

SPX 200ma has been tested successfully, so far. 

It could be retested again today or tomorrow or.....once SPX closes below 2802



#15 dTraderB

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Posted 11 October 2018 - 11:26 AM

SPX 2792 is an important intraday resistance level



#16 dTraderB

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Posted 11 October 2018 - 02:22 PM

THAT WAS THE low!



#17 K Wave

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Posted 11 October 2018 - 02:26 PM

A dip under 12400, and now we see what bulls have....

 

that looks like big time pivot on NYA now.....bulls do not want to see that broken....