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The Bull Market Stalls At Overhead Resistance


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#41 dTraderB

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Posted 20 July 2020 - 01:12 PM

CCI indicator 2 and 4 are the best so far in NQ scalping



#42 gismeu

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Posted 20 July 2020 - 01:39 PM

CCI indicator 2 and 4 are the best so far in NQ scalping


What please is CCI indicator 2 and 4?

I know Commodity Channel Index, but what lease is 2 and 4?

Thanks, gis
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#43 dTraderB

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Posted 20 July 2020 - 02:55 PM

nq daily candle is quite long, green ... more than 400 points

 

great nq day

 

bloodbath in PUTS  even as I closed some early in the cash session



#44 dTraderB

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Posted 20 July 2020 - 02:57 PM

 

CCI indicator 2 and 4 are the best so far in NQ scalping


What please is CCI indicator 2 and 4?

I know Commodity Channel Index, but what lease is 2 and 4?

Thanks, gi

cci 2 bar and cci 4 bar  indicators I use to help scale in and scale out of daytrades    

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#45 12SPX

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Posted 20 July 2020 - 10:13 PM

Busy with tennis and errands etc etc.  Good thing it was just an up day, average sell now is 3237, will see what happens overnight!!



#46 12SPX

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Posted 20 July 2020 - 10:15 PM

One thing you gotta love though is that my sold 3400 calls that were sold last week are still showing a nice $5 profit and my 3500's $2.00.  Am still deciding if I'll hold them or not after this Friday.  Still no sold put trades just yet though..



#47 dTraderB

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Posted 21 July 2020 - 06:50 AM

SPX ATH next week? 

 

Yes, there will be a pullback soon since this is an extremely overextended market but the worst is over for the virus era. 
 

Trying to take advantage of every NQ point in this rally to compensate for QQQ PUTS

 

Will rollover to QQQ October PUTS {bleeeep} rally progresses. 

 

Expect a 3 to 5 % pullback but trillions more into the market will take it to new ATHs



#48 dTraderB

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Posted 21 July 2020 - 06:51 AM

Busy with tennis and errands etc etc.  Good thing it was just an up day, average sell now is 3237, will see what happens overnight!!

 

Market seems to be a bit tired but not sure how far it will pull back



#49 12SPX

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Posted 21 July 2020 - 07:30 AM

Well it sure is getting exciting I gotta say and the moves are way overextended.  The one good thing now is I've gone slow on this build because of the Fed's pomo so my average sell is up to 3252 and for now I'm willing to sit on it.  I'm being stubborn maybe cause I havn't had a loss in a while lol!  This is way overdone  though gotta say there isn't an indicator out there screaming overbought but oh well we'll see!  Even this push this morning still hasn't brought my sold calls near where I sold them last week and I'm thinking of adding now! 



#50 salam

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Posted 21 July 2020 - 07:39 AM

Going long on break of 3240 was the safe trade.

 

buy the dips....if you can. 
 

im not shorting till ES 3190 is broken 


I'm not sure what my future holds... But I know who holds it.