Member
Posted 05 August 2020 - 09:59 AM
Still watching TSLA...thought it might get more of a pop after managing to hold the line yesterday.
If that one fails to launch here, and takes out yesterday's low, could be a big warning sign for NDX.
Using 11K as the line for NDX now....could work up towards 11.5K, but if it comes back under 11K before then, NDX may finally be ready for a real breather...
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 05 August 2020 - 10:07 AM
If RUT can clear the Island today, then 1600 next logical level....
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 06 August 2020 - 06:41 AM
had to attend to urgent business matters yesterday
tried to trade but not much success since market went up early and snoozed near the top for most of day
added 3 QQQ PUTS
nq hedge long 11,062.5
hope to have more time to trade today
Member
Posted 06 August 2020 - 06:42 AM
still looking for SPX ATH before any major pullback but expect market to pull back 2 to 3$ or more before another sustained rally
Member
Posted 06 August 2020 - 06:43 AM
VIX still with 20 handle
VXN dropped 2%
Member
Posted 06 August 2020 - 08:53 AM
ES held the now finally broken 3300 level on the back test overnight.
As long as it continues to hold, assault on the ATH should be underway.
Back below 3K would likely be get outta Dodge signal for a bit now....
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 06 August 2020 - 08:57 AM
When the turn comes, NDX likely going to lead the way...
That action on AAPL now starting to look like exhaustion before imminent rollover for perhaps pretty big correction.
And TSLA having a very hard time getting off the latest base area....may end up just falling of a cliff here if it does not move up VERY soon.
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 06 August 2020 - 09:03 AM
Keep your eye on the 10 min QQQ...seems to be the defining time frame right now.
If this starts to roll over, the over due correction may get under way.
Back under 268 would be first indication of possible trouble now...
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 06 August 2020 - 09:05 AM
TSLA 10 min time frame also looks to be key....
likely VERY close to BIG decision....
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 06 August 2020 - 09:13 AM
GOOGL
15 min looking thus far like a bear flag under the 15 min 900.
Are bulls going to be able to stick save it here today?
Or is it about to break down as the 200 comes over the top....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
