Out for a 6 point profit will start selling again higher.
NEW BULL MARKET! SPX 4000 ahead
Started by
dTraderB
, Aug 30 2020 05:50 PM
233 replies to this topic
#32
K Wave
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Posted 31 August 2020 - 08:47 AM
TSLA and AAPL still managing to hold NDX up....
A breach of 12K now would likely be first signs that bulls have exhausted themselves for a bit....
SQQQ 22 pivot could be big...could see 50% or more gains quickly there once busted to the upside...
Also watching NFLX here...not acting that well since the 1 day wonder last week...if that gets completely reversed, would likely bode ill for that FANG component...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#33
K Wave
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Posted 31 August 2020 - 08:49 AM
After a one day reprieve, Naz back once again to very stinky Mask Breadth
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#34
K Wave
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Posted 31 August 2020 - 08:56 AM
Starting to look like Friday afternoon was perhaps last gasp throwover on RUT.
See what happens here around 1568...but unless bulls can reclaim 1575 quickly, this could start now to accelerate downside...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#35
dTraderB
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Posted 31 August 2020 - 09:07 AM
closed weekend nq hedge long + 104.5 points
holding one nq hedge long opened earlier today, will reopen second nq hedge long later
Added second Nq hedge long 12010 buy limit filled.
Good short Nq daytrade, I expect a trip back up to the current intraday high ...
#36
dTraderB
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Posted 31 August 2020 - 09:10 AM
"smart traders/managers reducing long trades"
some may say window dressing but the rmart & successful money managers - maybe some of the retail crowd - re hedged and taking prodits from long trades.
not heavy distribution, as yet, but it is a stealth process
#37
dTraderB
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Posted 31 August 2020 - 09:12 AM
It took 12 hourly candles for ES to drop 20 points from the overnight high
#38
linrom1
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Posted 31 August 2020 - 09:23 AM
Don't understand DOW leading to the downside?
#39
12SPX
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Posted 31 August 2020 - 10:04 AM
Finally, starting my short build at 3507, will continue to add while I go play tennis if we continue up or will place a profit stop and take it off as it feels good to finish off my second month of no losses, basically shorting the market about 90% of the time lol!! I want to see at least a 2% correction before I'll go for a long trade.
Edited by 12SPX, 31 August 2020 - 10:05 AM.
#40
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Posted 31 August 2020 - 10:15 AM
TSLA likely getting close now....parabolic within parabolic...
Doesn't mean it coudn't go another $50 though 
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
