The Bull Market in Complacency, defined: In yesterday's Investors Intelligence data bears fell to the lowest level in 14 months. @jimcramer @tomkeene @SquawkCNBC @cnbcfastmoney @carlquintanilla @michaelsantoli
4:54 AM - 23 May 2019
Moment of truth for SPX: 2830 - can it hold?
Started by
dTraderB
, May 22 2019 08:50 PM
20 replies to this topic
#12
dTraderB
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Posted 23 May 2019 - 07:00 AM
Looks bad for TESLA, but stock will not go down in a straight line - expect BIG SWINGS UP & DOWN, unless it is MUCH WORSE than we think
Tesla Tumbles Below $185; Falls For 7th Day As Gene Munster Capitulates
#13
diogenes227
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Posted 23 May 2019 - 08:12 AM
Looks bad for TESLA, but stock will not go down in a straight line - expect BIG SWINGS UP & DOWN, unless it is MUCH WORSE than we think
Tesla Tumbles Below $185; Falls For 7th Day As Gene Munster Capitulates
I heard a comment back in 1998/1999, some time in there that went like this: "AMZN went down 50% at one point and let the shorts in...and never let them out again."
For what it's worth....
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#14
dTraderB
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Posted 23 May 2019 - 08:14 AM
when SPX moves above the 50ma with an hourly VIX sell I will be loading LONGS.....
until then the bias is short
#16
dTraderB
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Posted 23 May 2019 - 10:37 AM
Market indecisive at lower end of today's range
Waiting for next more, possibly a swoosh to new low of day
#17
dTraderB
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Posted 23 May 2019 - 12:01 PM
Looks like it tests SPX 2800 today
Be alert for the TWEET (bullish)
#18
dTraderB
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Posted 23 May 2019 - 01:12 PM
Could be a VERY BIG drop if SPX 2800 cannot hold
If it can, then SPX can rebound avoce 2830
#19
dTraderB
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Posted 24 May 2019 - 06:09 AM
Could be a VERY BIG drop if SPX 2800 cannot hold
If it can, then SPX can rebound avoce 2830
SPX 2800 Support held, ES now above 2830, a key level
Am trading for 2 or 3 hours then out of here
Enjoy the holiday!
#20
dTraderB
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Posted 24 May 2019 - 08:55 AM
be careful of Trade War news that can jerk the markets around
Need a break, enjoy!
