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Market on the edge, staringing into the abyss, CRASH WINDOW


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#11 dTraderB

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Posted 23 October 2018 - 08:30 AM

A talk of talks rally now.. as Larry Kudlow says Trump will meet Chinese leader... 

 

Will sell it... at the right time



#12 dTraderB

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Posted 23 October 2018 - 09:04 AM

closed NQ short with 58 points profit

 

October low SPX  gone....  testing 2700 Es

 

 



#13 dTraderB

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Posted 23 October 2018 - 09:54 AM

ES 2690 held, now testing previous October low @ ES 2710. 

Good rally, did not trade it. 

Want to see more buying and less selling before I take long NQ trades



#14 dTraderB

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Posted 23 October 2018 - 10:14 AM

4.25 points on that NQ long trade, not complaining

 

looking to ride any rally.... looks like the bulls are coming in

 

a ST low may be in place

 

VIX lost half of its rally

 

got to look at ISEE data



#15 dTraderB

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Posted 23 October 2018 - 10:21 AM

Opened 2 QQQ DEC 175 puts, taking NQ long trades.

Feel better about trading NQ long when I hold a few QQQ puts; NQ ptofit is way above any QQQ put loss so it's a good hedge, more psychological than material

 



#16 dTraderB

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Posted 23 October 2018 - 10:29 AM

Riding this NQ rally, trail stop 3 points



#17 dTraderB

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Posted 23 October 2018 - 10:36 AM

NQ long stopped out, profit 11.75 points

 

NQ 7000 is my pivit point 

 

Waiting for breakout up or down, still think the ST bottom is in place

 

SPX 2710 is important



#18 12SPX

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Posted 23 October 2018 - 10:49 AM

NQ long stopped out, profit 11.75 points

 

NQ 7000 is my pivit point 

 

Waiting for breakout up or down, still think the ST bottom is in place

 

SPX 2710 is important

I'm still thinking turnaround Tuesday just because sentiment is so negative!!



#19 dTraderB

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Posted 23 October 2018 - 11:13 AM

Long NQ, was late entering this trade, somewhat skittish about trading during lunch hour. A one-minute candle range was more than 10 points as the market jumped! 

 

Trailing stop 3 points, tight, not giving away any profits. Not adding to this trade, goung with original 2 lots. 



#20 dTraderB

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Posted 23 October 2018 - 11:16 AM

 

NQ long stopped out, profit 11.75 points

 

NQ 7000 is my pivit point 

 

Waiting for breakout up or down, still think the ST bottom is in place

 

SPX 2710 is important

I'm still thinking turnaround Tuesday just because sentiment is so negative!!

 

 

I am also looking for a bounce because there were extreme negative sentiment data and also the markets reversed hard off the 2690/2700 zone.

 

But, there are several resistance levels up to the 200ma so it will be challenging to reverse all the decline today. 

 

Taking step by step.... going with the flow of the market. Would prefer a retest of today's low before committing to stock buys for my IT portfolio.