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Posted 30 July 2020 - 03:01 PM
Turned out to be a better trading day than I expected - a busy day as markets rallied, then a mini-plunge, back up again, then tapered off to end the day.
May open a long hedge NQ with a buy limit order place below 10700 but I only have 9 QQQ PUTS so I am not too keen on that.
Member
Posted 30 July 2020 - 03:01 PM
a bit of a mixed bag, but overall, have to mark this one down a win for the bulls...
Bears were not able to break and hold any significant levels.
Now we see tomorrow if the Trannies can blow the roof off out of the tight wedgie or not.
Edited by K Wave, 30 July 2020 - 03:02 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 30 July 2020 - 03:01 PM
Looks like it is all about whether SPX can build a base here around 3240....
If they can, then full reversal possible....
much more buying strength than I expected
Member
Posted 30 July 2020 - 03:03 PM
Out for another 4 points, maybe wait now and see....
after a busy day it tapered off at the end, no trades during last half hour
Bulls clawed thier way back and defended ES 3190 again.
Member
Posted 30 July 2020 - 03:14 PM
Glad I held off with the pop now lol!! Now the question will be if it will taper back over night!! Looking for a short.....
Member
Posted 30 July 2020 - 04:05 PM
That UPS action, combined with SOX holding 2100 like a champ kept me from getting very bearish today.
Look at that liftoff on UPS to new all time high....wow
If Markets take all of those Davey Day Trader Island tops from June, then could start to see indexes do something similar soon...
SPX already living above the island, and refused to go back below despite multiple attempts at it, and the others not very far away from blowing it out....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 30 July 2020 - 04:12 PM
UPS weekly.....
Looks like big ol' slingshot off the weekly 900.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 30 July 2020 - 07:27 PM
Can't stop trading this market... was more active after hours than regular cash session!
Leaving one NQ long @ 10880.5 overnight hedge and placed another buy limit order @ 10,720, just in case
Member
Posted 30 July 2020 - 07:28 PM
Glad I held off with the pop now lol!! Now the question will be if it will taper back over night!! Looking for a short.....
that was now bear-killer rally as big tech earnings beat
Member
Posted 31 July 2020 - 06:15 AM
Can't stop trading this market... was more active after hours than regular cash session!
Leaving one NQ long @ 10880.5 overnight hedge and placed another buy limit order @ 10,720, just in case
closed overnight hedge long +21.5 points
will reopen lower, and keep one NQ long over weekend
made more NQ profit in after hours trade yesterday than during all of cash session, what a ramp up!
Want to add at least 10 QQQ PUTS today so I want NQ to maintain rally for a while in cash session
