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Uncertainty high, markets volatile, possibility of further price declines


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#71 dTraderB

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Posted 20 May 2020 - 11:49 AM

es hedge strategy buy limit 2960.25 filled 

hope this loses about 200 points



#72 dTraderB

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Posted 20 May 2020 - 01:55 PM

es hedge strategy buy limit 2960.25 filled 

hope this loses about 200 points

close 69.50
+9.25

Will reopen for overnight hedge during final hour of cash session


Edited by dTraderB, 20 May 2020 - 01:55 PM.


#73 dTraderB

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Posted 20 May 2020 - 02:15 PM

 

es hedge strategy buy limit 2960.25 filled 

hope this loses about 200 points

close 69.50
+9.25

Will reopen for overnight hedge during final hour of cash session

 

 

 

ES long 59.75 buy limit filled
1/2 % from daily high and  total of SPY 50 points from all PUT options

 

hope this one loses 200 points
 



#74 dTraderB

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Posted 21 May 2020 - 07:21 AM

actually had a good SHORT NQ trade this morning after a nice rally from overnight lows but I was asleep for most of that

 

ES 2970/80 is now the main resistance zone

ES 2910/20 is the main support zone

 

Bulls are in control now but they must break out of this congestion zone or else SPX could drop below 2700 in 2 or 3 sessions

 

It may appear as if the market is choppy but this is relative to the crazy action during the past few weeks. Actually, compared to pre-Coronavirus era the market is giving lots of good ST and IT trade opportunities. 

 

Will be adding more SPY PUTS above ES 2980 

 

46 SPY PUTS

Still holding 1 ES long

 

flat crude
 

 



#75 dTraderB

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Posted 21 May 2020 - 08:31 AM

 

 

es hedge strategy buy limit 2960.25 filled 

hope this loses about 200 points

close 69.50
+9.25

Will reopen for overnight hedge during final hour of cash session

 

 

 

ES long 59.75 buy limit filled
1/2 % from daily high and  total of SPY 50 points from all PUT options

 

hope this one loses 200 points
 

 

closed 64.25
+4.5

Will reopen lower but NQ LONGS/SHORTS will  be the focus in cash session



#76 12SPX

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Posted 21 May 2020 - 08:50 AM

actually had a good SHORT NQ trade this morning after a nice rally from overnight lows but I was asleep for most of that

 

ES 2970/80 is now the main resistance zone

ES 2910/20 is the main support zone

 

Bulls are in control now but they must break out of this congestion zone or else SPX could drop below 2700 in 2 or 3 sessions

 

It may appear as if the market is choppy but this is relative to the crazy action during the past few weeks. Actually, compared to pre-Coronavirus era the market is giving lots of good ST and IT trade opportunities. 

 

Will be adding more SPY PUTS above ES 2980 

 

46 SPY PUTS

Still holding 1 ES long

 

flat crude
 

 

I'm curious why you think it could drop to 2700 so quick?



#77 dTraderB

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Posted 21 May 2020 - 09:30 AM

somewhat heavy tape with NQ weaker than ES but so far bulls keeping it up....

 

an observation as I pause to think a few minutes to analyse  -- I have more short NQ trades this morning than in recent days



#78 dTraderB

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Posted 21 May 2020 - 09:33 AM

ES LONG hedge buy limit filled 2956.25  one lot



#79 dTraderB

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Posted 22 May 2020 - 06:04 AM

Extremely resilient bullish market that could finish up today going into a long weekend. 

 

5 NQ daytrades this morning

 

 



#80 dTraderB

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Posted 22 May 2020 - 06:40 AM

Next time you get an email from that #NigerianPrince wanting to give you #millions of dollars in exchange for your banking coordinates...just know he has the money.

 

https://www.zerohedg...ms-fraud-scheme