The actual drop may be weeks away but it will comeThat has been happening since the day stock market opened up more than hundred years ago. IT FLUCTUATES. That is not news. It would be news only if it stopped FLUCTUATING.
The Bull Market Stalls At Overhead Resistance
Posted 19 July 2020 - 04:47 PM
Posted 19 July 2020 - 08:45 PM
12 NQ trades since 6pm as a slow start to the week changed quickly and market activity increased.
placing a NQ buy limit order at 10,508
and calling it a night
39 NQ PUTS
16 SPY PUTS
1 NQ long
3100 XLF in LT
flat crude and ES
Posted 20 July 2020 - 07:39 AM
Good morning all. When I went to bed market looked good so put in my profit stop at 3205 to see what would happen and was taken out for a profit of 12 points. Starting a short build at 3210, profit stop 3209.50 see what happens. And taken out, maybe wait till the open...
Posted 20 July 2020 - 08:03 AM
closed NQ hedge long held over weekend + 13.5 points
did its job, more than 100 points up from Sunday evening/overnight low
will reopen lower
Posted 20 July 2020 - 08:58 AM
Taken out for a 5 point profit, see where we go from here!!
Posted 20 July 2020 - 09:24 AM
CHANGING MY IT OUTLOOK TO LONG
BOUGHT 2 NQ 10,724 TO HOLD
WILL BUY MORE XLF ON ANY DIP
WILL CLOSE AS MANY PUTS AS POSSIBLE ON DIPS
WILL CONTINUE TO TRADE BIG SIZE NQ DAYTRADES
WILL CHANGE LONG BIAS IF MARKETS TELL ME TO DO SO