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SPX Inside week - breakout likely next week - 3370 OR 2970?


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#31 dTraderB

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Posted 03 August 2020 - 05:26 PM

16 QQQ puts
12 SPY PUTS
2 SHORT CRUDE mini
1 nq long overnight hedge

#32 dTraderB

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Posted 03 August 2020 - 05:31 PM

ADAM:
#ES_F hit the key 3280 level- my target from last week, and breakout point for a triangle

What bulls want today is a breakout with force to 3320. What they don't want is a failed one that loses 3250 which puts us back into chop & increases risk we lose critical 3190 support $SPX

#33 dTraderB

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Posted 03 August 2020 - 05:35 PM

US Coronavirus daily cases seemed to have topped...

#34 dTraderB

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Posted 03 August 2020 - 05:38 PM

Note Green VIX AND VXN today
VXX slightly down
Could be BULLISH if many are hedging longs

#35 dTraderB

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Posted 03 August 2020 - 05:40 PM

VIX was green but dropped near end of day

#36 salam

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Posted 03 August 2020 - 07:50 PM

Note Green VIX AND VXN today
VXX slightly down
Could be BULLISH if many are hedging longs

 

Note Green VIX AND VXN today
VXX slightly down
Could be BULLISH if many are hedging longs

I’m uncomfortably long still with Vix, but reduced to 20% long exposure today.

As per usual, a drop pre monthly expiration looks less likely now.

 

long scalps today have helped my account.

 

lets see if they push us to 3333 area, which seems likely 


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

#37 12SPX

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Posted 04 August 2020 - 07:43 AM

Whew slow start to the day had to restart my computer seemed clogged lol!  Anyhow added to my short last night making my overall average 3293, profit stop right now 3280.  Market needs a break and I'm noticing everyone is bulled up for new highs and options are representing that also.  At the least I think it'll be choppy to new highs.



#38 12SPX

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Posted 04 August 2020 - 08:15 AM

Hmmmm raising my stop to 3282 till after the open here see what happens...



#39 12SPX

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Posted 04 August 2020 - 08:35 AM

Rats thought there was enough congestion there to hold back the jump but was still a 11 point profit! Will be selling higher here as we go, gotta get ready for my three day motorcycle trip with my buddies!! 



#40 12SPX

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Posted 04 August 2020 - 08:37 AM

Got my short hit at 3285, build from there, so fast!!