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SPX 3400 or 2900, which way first?


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#191 K Wave

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Posted 31 July 2020 - 11:47 AM

Could be about to see a big moment of truth on Fang stocks

 

FNGD, if it clears the 200 before it reverses back down, this AM could have been the Shake portion of a big Shake and Bake

 

fngd.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#192 K Wave

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Posted 31 July 2020 - 11:53 AM

So with the weakness in MSFT and GOOG, we are now down 3 stocks left holding this thing up after today.


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#193 traderx

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Posted 31 July 2020 - 11:54 AM

Thanks 12SPX



#194 K Wave

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Posted 31 July 2020 - 11:56 AM

TSLA at the Big Kahuna pivot line once again...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#195 K Wave

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Posted 31 July 2020 - 12:05 PM

and there's the pivot at the line on FNGD....

 

What happens with the 5-6 candles on this chart may tell the tale...

 

fngd.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#196 salam

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Posted 31 July 2020 - 12:09 PM

Position update.

 

I am 2/3 long Vix Etfs

 

made a scalp short with tesla for beer money.

 

but now also have a swing short ES 3235


Edited by salam, 31 July 2020 - 12:10 PM.

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

#197 12SPX

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Posted 31 July 2020 - 12:33 PM

Thanks 12SPX

Sorry trying to work inbetween a project I've got going now lol!!  reluctant long just thinking we don't close that bad but profit stop just out at 3226 for a one point gain!  see what happens from here.



#198 dTraderB

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Posted 31 July 2020 - 12:53 PM

Could be about to see a big moment of truth on Fang stocks

 

FNGD, if it clears the 200 before it reverses back down, this AM could have been the Shake portion of a big Shake and Bake

 

fngd.png

 

AFTER-EARNINGS  decline should start soon and sell into most of August



#199 dTraderB

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Posted 31 July 2020 - 12:56 PM

 

Thanks 12SPX

Sorry trying to work inbetween a project I've got going now lol!!  reluctant long just thinking we don't close that bad but profit stop just out at 3226 for a one point gain!  see what happens from here.

 

 

last few hours of JULY, Friday, too tired to focus .... but markets are too enticing with tradeable intraday swings, I THINK IT FINISHES NEAR THE LOW. If not, then next week will see a big drop. 



#200 K Wave

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Posted 31 July 2020 - 01:48 PM

once again, bears cant seem to get much going

 

Back above SPX 3240 again they may have run outta time...

 

could be big moment of truth right about here...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy