Oh my goodness I'm so surprised the market is up this morning,,,,, not lol! We're getting to one of those points that were going to wake up to a -3% day. Anyhow my wild sells overnight went through so for the day though my average short now is 3268! Oh and by the way my sold 3400 and 3500 calls still hav'nt gotten back to what I sold them at last week lol! This indicates to me the market is getting tired as normally they would be rising but we've gotten to high here for this move!
The Bull Market Stalls At Overhead Resistance
Started by
dTraderB
, Jul 18 2020 09:26 PM
152 replies to this topic
#82
dTraderB
-
- Traders-Talk User
- 17,796 posts
Member
Posted 23 July 2020 - 07:34 AM
busy morning
buy limit hedge nq filled 10860
#83
12SPX
-
- Traders-Talk User
- 12,733 posts
Member
Posted 23 July 2020 - 07:41 AM
I added a bit more just to round my short out at 3270. Had a feeling the unemployment report was gonna give people an excuse to sell. We're starting to get to that point in this move...
#84
dTraderB
-
- Traders-Talk User
- 17,796 posts
Member
Posted 23 July 2020 - 07:46 AM
The TESLA setup is now operational on one of my laptop:
TESLA chart, TESLA feed, TESLA options chain
any suggestions on a bearish options trade?
#85
12SPX
-
- Traders-Talk User
- 12,733 posts
Member
Posted 23 July 2020 - 07:51 AM
Ya I saw Larews post need to confirm that everything fell, weird its up again. Anyhow is an amazing company. I'd have to look at the options but of course I'd be selling the calls at this level as I never buy. What levels are you interested in?
#86
dTraderB
-
- Traders-Talk User
- 17,796 posts
Member
Posted 23 July 2020 - 07:56 AM
Don't know.... want to buy PUTS.
OR BEARISH SPREAD...
???
OR BEARISH SPREAD...
???
Ya I saw Larews post need to confirm that everything fell, weird its up again. Anyhow is an amazing company. I'd have to look at the options but of course I'd be selling the calls at this level as I never buy. What levels are you interested in?
#87
dTraderB
-
- Traders-Talk User
- 17,796 posts
Member
Posted 23 July 2020 - 07:57 AM
ADAM: "Yesterday I posted 3280 then 3320 upside targets in #ES_F and we just clipped 3280.
Key levels today: 3330 next up but warning for bulls - today's high came on a steep RSI(5) divergence indicating momentum waning. 3235 is key for bulls to defend, below opens 3150 then 3090 $SPX"
Key levels today: 3330 next up but warning for bulls - today's high came on a steep RSI(5) divergence indicating momentum waning. 3235 is key for bulls to defend, below opens 3150 then 3090 $SPX"
#88
dTraderB
-
- Traders-Talk User
- 17,796 posts
Member
Posted 23 July 2020 - 07:59 AM
Adam: Additional Notes: RSI(5) divergence visible on 4hr chart. In terms of shorter term levels, there is a trendline in #ES_F running through the July 14th, 20th, and 22nd lows currently at 3245. Key level also - Below there opens the big 3235-3230 test and risks the downside pathway
#89
12SPX
-
- Traders-Talk User
- 12,733 posts
Member
Posted 23 July 2020 - 08:02 AM
Totally agree on that analysis, think there's more odds of down then more up. Can't really help you on a bearish spread I just don't trade that way. Am interested in what a $1700 call would be worth, I'm lazy don't wanna look it up lol?
#90
12SPX
-
- Traders-Talk User
- 12,733 posts
Member
Posted 23 July 2020 - 08:04 AM
Oh and sticking to my rules, profit stop 3269.50.
