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The Bull Market Stalls At Overhead Resistance


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#121 dTraderB

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Posted 24 July 2020 - 08:05 AM

BUSY FRIDAY....

 

 
 
ZVBuToeP_bigger.jpg
 
Today is an important day for #ES_F After clipping my 3275 target, we sold off & tested the main rising trendline from March low ~3200 (green in below chart). Levels today: Bulls *must* hold 3200 & recapture 3230 which puts 3300 in play. Fail of 3200 sees 3150 & 3090 below $SPX
 
 
ZVBuToeP_bigger.jpg
 
Today is an important day for #ES_F After clipping my 3275 target, we sold off & tested the main rising trendline from March low ~3200 (green in below chart). Levels today: Bulls *must* hold 3200 & recapture 3230 which puts 3300 in play. Fail of 3200 sees 3150 & 3090 below $SPX


#122 12SPX

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Posted 24 July 2020 - 08:13 AM

Out for a profit of 3 points, hopefully be able to buy some lower don't wanna have to wait to short!



#123 12SPX

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Posted 24 July 2020 - 08:26 AM

Starting a long build at 3210 see how that goes as the open goes....



#124 dTraderB

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Posted 24 July 2020 - 08:38 AM

closing qqq puts...closing....



#125 12SPX

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Posted 24 July 2020 - 08:43 AM

Average long now 3203.... see how well that level gets protected!! 



#126 dTraderB

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Posted 24 July 2020 - 08:55 AM

xlf is UP!  

closing all XLF

 

will buy lower



#127 12SPX

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Posted 24 July 2020 - 09:07 AM

Profit stop 3204, just in case of course....



#128 dTraderB

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Posted 24 July 2020 - 09:12 AM

es hourly double bottom

does not mean it cannot close below 3200 today



#129 12SPX

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Posted 24 July 2020 - 09:21 AM

Gonna keep it tight profit stop 3206, don't wanna ruin my perfect week lol!!  yes.gif



#130 12SPX

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Posted 24 July 2020 - 09:28 AM

Profit stop 3210!