Jump to content



Photo

SPX 2925 next target -- vulnerable market faces seasonally bearish August


  • Please log in to reply
20 replies to this topic

#11 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 5,293 posts

Posted 02 August 2019 - 09:13 AM

putting BUY STOP NQ orders about 20 & 30 NQ points above the market to protect some of my QQQ put profits.

 

a temporary measure, on a Summer Friday, when they can yank this up & down on thin volume



#12 robo

robo

    Member

  • Traders-Talk User
  • 973 posts

Posted 02 August 2019 - 09:43 AM

NUGT still my best VST trade.....  VXF now under the 50 DMA....   Looking to buy XES again...  Made a quick 10% on the last trade..... Not many options for trading at Vanguard these days....  However, the indexes I use are free....well, for now they are.... NO shorting!

 

https://stockcharts....590&a=679818025


Edited by robo, 02 August 2019 - 09:44 AM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#13 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 12,657 posts

Posted 02 August 2019 - 10:10 AM

SPX 2900 should provide a ST support for a few days, but for longer term this down turn is just beginning..............


Edited by redfoliage2, 02 August 2019 - 10:10 AM.


#14 12SPX

12SPX

    Member

  • Traders-Talk User
  • 727 posts

Posted 02 August 2019 - 11:10 AM

Anyone wanna bet we see a green close, I think I'm smelling a turn!!



#15 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 5,293 posts

Posted 02 August 2019 - 11:36 AM

what a week, and still a few hours to go!

 

If market does not hold SPX 2925 today, by the close, then the C word will come into play next week!



#16 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 5,293 posts

Posted 02 August 2019 - 11:37 AM

SPX 2900 should provide a ST support for a few days, but for longer term this down turn is just beginning..............

 

Bounce but it looks quite weak and could plunge next week



#17 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 5,293 posts

Posted 02 August 2019 - 11:38 AM

Anyone wanna bet we see a green close, I think I'm smelling a turn!!

 

of course, it can! 

send it up again, seduce the dipbuyers & newbies, and then sell near SPX 3000



#18 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 5,293 posts

Posted 02 August 2019 - 11:39 AM

NUGT still my best VST trade.....  VXF now under the 50 DMA....   Looking to buy XES again...  Made a quick 10% on the last trade..... Not many options for trading at Vanguard these days....  However, the indexes I use are free....well, for now they are.... NO shorting!

 

https://stockcharts....590&a=679818025

 

not trading VXX? 

 

It's moving fast but great daytrades



#19 12SPX

12SPX

    Member

  • Traders-Talk User
  • 727 posts

Posted 02 August 2019 - 11:40 AM

 

SPX 2900 should provide a ST support for a few days, but for longer term this down turn is just beginning..............

 

Bounce but it looks quite weak and could plunge next week

 

Oh ya I think were gonna see lots of volatility for sure but at least for a few hours we could see a bounce!!  



#20 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 5,293 posts

Posted 02 August 2019 - 12:17 PM

The dreaded C word....

 

this thing looks very CRASH-y.....

 

Will the FED PPT team come in to save a Friday afternoon market massacre?