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The Bull Market Stalls At Overhead Resistance


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#61 12SPX

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Posted 21 July 2020 - 04:26 PM

I took my profits at 3240 for 15 points and back in at the close for a short at 3252 see how the overnight goes!!  told ya it was gonna be a turnaround tuesday!!  well mostly lol!!!



#62 dTraderB

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Posted 22 July 2020 - 06:09 AM

I took my profits at 3240 for 15 points and back in at the close for a short at 3252 see how the overnight goes!!  told ya it was gonna be a turnaround tuesday!!  well mostly lol!!!

pajama traders did it again... ES was down but it has clawed back to only 6 points drop

 

Since 5 am I had 4 NQ LONG trades as it gradually rose with minor pullbacks by about 90 points. 

TESLA seems to be the dominant factor in the NASDAQ market, earnings later

I glanced at TESLA option chains --- CRAZY! 
 



#63 traderx

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Posted 22 July 2020 - 06:25 AM

TESLA seems to be the dominant factor in the NASDAQ market, earnings later

I glanced at TESLA option chains --- CRAZY! binhood
 

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Robinhood  players



#64 12SPX

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Posted 22 July 2020 - 07:24 AM

It's been the same thing night after night.  They take it up to highs and then it sits there all day.  That's why in this entire move higher I've just kept shorting and have yet to have a loss.  When you do see selling you have usually seen those lows hit again during the day, we'll see.  I should have put sells in overnight but forgot lol!  Nonetheless with the early rally last night my average short now is 3261, profit stop 3260.



#65 12SPX

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Posted 22 July 2020 - 08:05 AM

Think I'll lower my stop to 3255, might as well make a better profit here. 



#66 12SPX

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Posted 22 July 2020 - 08:58 AM

I'm surprised we got there but got my profit for 6 points and starting a new short build at 3260!! 



#67 12SPX

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Posted 22 July 2020 - 09:34 AM

Boy I think this could be a long day in a very tight range, profit stop 3259! 



#68 dTraderB

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Posted 22 July 2020 - 09:54 AM

nq buy limit hedge filled 10790

 

big earnings tech day -- want to lean on the long side



#69 12SPX

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Posted 22 July 2020 - 09:57 AM

Yes your right, not sure I'd wanna be long going into them if were up however.  Profit stop 3255! 



#70 12SPX

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Posted 22 July 2020 - 10:43 AM

And out for a 5 point profit, can you guess where I'll start selling again lol!!