17 replies to this topic

[dTraderB]

SPX closing below 2770 opens the door to the abyss below.....back to test SPX 2600

 

Ditto for NQ -- back to 6700 if daily close below 7000

 

No panic, no rush to the exits, just orderly selling, VIX still not 18.....

 

Will close 3 QQQ puts at about NQ 7000

 

NQ short bias, extreme scalping, not trading for the next 5 minutes, or next hour, or next day --- every trade stands on its own: enter, make a profit, exit, repeat

[dTraderB]

CRASH?

 

Very strong selling....could get ugly during last hour if this persists....

[redfoliage2]

SPX 2750 - 2751 is like a magnet.  It may get there late today or Monday with a gap down.  Crash window opened again?

Edited by redfoliage2, 09 November 2018 - 02:25 PM.

[dTraderB]

Crash? Take this: 34-point NQ long trade! !!

[redfoliage2]

Bouncing a little now, but more downside deferred to next week as this wave down is still in early stage..........

[dTraderB]

Some have been saying that the "smart money" was not participating in the previous rally.

 

We will see who much follow through there is on Monday

[LMF]

It will be a miracle if the move so far doesn't turn into a huge ABC downwave.....and we're only about half way there right now.  RUT has already got the death cross 40/200 day MA cross going down.  The easy money is still to be made on the downside as long as the 200 day MA continues to be in play.  Friday closes below the 200 day MA are never very good.... 

[ryanoo]

RUT and NDX closed below 200MA;

200MA acted as intraday support for INDU and SPX