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Inversion BEAR wakes up.....after 12 years


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#21 dTraderB

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Posted 14 August 2019 - 11:39 AM

YUAN weakening as SPX falls: YUAN  chart exactly opposite to S&P chart

 

Put it up next to ES Futures .... good trading tool



#22 dTraderB

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Posted 14 August 2019 - 11:59 AM

4 QQQ calls added

 

1/2 position XLF



#23 dTraderB

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Posted 14 August 2019 - 12:28 PM

only so many instruments you can trade

 

LOOK at that EURO !!! down again

 

Very hesitant to trade NQ long 

 

May short VXX if it hits 31 OB



#24 dTraderB

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Posted 14 August 2019 - 12:41 PM

waiting for next NQ short....

 

or will market soar to SPX 2880 or higher? 

Still think we see a lower low today, to about SPX 2820/30



#25 dTraderB

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Posted 14 August 2019 - 01:41 PM

final hour rally -- be alert!



#26 redfoliage2

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Posted 14 August 2019 - 02:50 PM

Outlook for the next few weeks:

The market is in an IT correction.  SPX is in wave c down of Wave A down.  Here are the possible lows for SPX:

2770 - 38.2% retracement from the ATH 3029 to the 2018 Dec. low

2688 - 50% retracement from the ATH 3029 to the 2018 Dec. low

2610 - 61.8% retracement from the ATH 3029 to the 2018 Dec. low

2348 - 100% retracement from the ATH 3029 to the 2018 Dec. low

 

Even though the IT picture not looking good but it won't be done in just a few days.   I'm sure there will be ST, VST bounces.  I see a bounce as soon as tomorrow..............


Edited by redfoliage2, 14 August 2019 - 02:53 PM.


#27 dTraderB

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Posted 14 August 2019 - 03:06 PM

What a great day! 

 

VIX up 25%

 

Tomorrow will be UP!



#28 dTraderB

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Posted 14 August 2019 - 03:08 PM

 

Outlook for the next few weeks:

The market is in an IT correction.  SPX is in wave c down of Wave A down.  Here are the possible lows for SPX:

2770 - 38.2% retracement from the ATH 3029 to the 2018 Dec. low

2688 - 50% retracement from the ATH 3029 to the 2018 Dec. low

2610 - 61.8% retracement from the ATH 3029 to the 2018 Dec. low

2348 - 100% retracement from the ATH 3029 to the 2018 Dec. low

 

Even though the IT picture not looking good but it won't be done in just a few days.   I'm sure there will be ST, VST bounces.  I see a bounce as soon as tomorrow..............

 

Same here. I would not go short over the weekend,,,,,, "they" may have bought PUTS yesterday, and CALLS today, LOL

 



#29 dTraderB

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Posted 14 August 2019 - 03:31 PM

14 QQQ NOV calls

 

1/2 position XLF LONG

 

Short TLT  

 

Best NQ trading day for 2019!  If I traded FULL NQ position before the cash session opened I could have added another 200 NQ points but I could not believe the market would tank to that extent.in an OPEX Wednesday

 

Got to rest for China YUAN fox tonight & another wild session on OPEX Thursday

 

Will not be surprised if there is another reversal overnight or early tomorrow

 

Still looking for SPX 2750-70 to be the low for this move and then gradually rally into September