Today the US stock market is in consolidation mode playing rotational game, but the bull run is not done yet.
My VST signal is at Neutral for today....................
looks like stealth distribution by money managers
NEW BULL MARKET! SPX 4000 ahead
Started by
dTraderB
, Aug 30 2020 05:50 PM
233 replies to this topic
#51
dTraderB
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Posted 31 August 2020 - 01:02 PM
#52
dTraderB
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Posted 31 August 2020 - 01:05 PM
closing second nq hedge long + 120.5 points
will reopen before 4pm
Added second Nq hedge long 12010 buy limit filled.
Good short Nq daytrade, I expect a trip back up to the current intraday high ...
#53
redfoliage2
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Posted 31 August 2020 - 01:18 PM
Today the US stock market is in consolidation mode playing rotational game, but the bull run is not done yet.
My VST signal is at Neutral for today....................
looks like stealth distribution by money managers
Not yet, the end of Sept. is the time for many of them to report for the fiscal year. I expect the bull run will continue with new highs for most of the Sept .........
Edited by redfoliage2, 31 August 2020 - 01:22 PM.
#54
tsharp
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Posted 31 August 2020 - 01:25 PM
It's a bit more difficult to hide sector rotation in the Wilshire 5000, and it continues to show upward strength:
#55
dTraderB
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Posted 31 August 2020 - 02:56 PM
12134,5 nq hedge limit filled
#56
dTraderB
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Posted 31 August 2020 - 03:01 PM
wild few minutes at the end!
#57
dTraderB
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Posted 31 August 2020 - 04:20 PM
"Worst day for the SPX since 8/19.
lol"
The whole 0.10 percent correction. Back to normality tomorrow then. So August finished a whole 3 down days in August. Without looking I would say total selloff probably less than a whole 1 percent
I already have my VCR set for Markets in Turmoil. Yes a VCR cause it feels like so long ago.....
Es went from HOD to LOD RTH in last 12 minutes Dont recall seeing that one before
lol"
The whole 0.10 percent correction. Back to normality tomorrow then. So August finished a whole 3 down days in August. Without looking I would say total selloff probably less than a whole 1 percent
I already have my VCR set for Markets in Turmoil. Yes a VCR cause it feels like so long ago.....
Es went from HOD to LOD RTH in last 12 minutes Dont recall seeing that one before
Edited by dTraderB, 31 August 2020 - 04:22 PM.
#58
dTraderB
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Posted 31 August 2020 - 04:24 PM
ADAM:
We sold off at multiyear trendline resistance at ~3530 in #ES_F as expected and got a cool-off. This is the 6th test of this line since 2012
What bulls want to see now is a bull flag form on the 4hr to setup a breakout. Ideally it holds 3450. Below there and we retest 3390
We sold off at multiyear trendline resistance at ~3530 in #ES_F as expected and got a cool-off. This is the 6th test of this line since 2012
What bulls want to see now is a bull flag form on the 4hr to setup a breakout. Ideally it holds 3450. Below there and we retest 3390
#59
12SPX
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Posted 31 August 2020 - 06:44 PM
Pretty good day to end the month on another winning steak with a 12 point gain and I reshorted again at 3507 in the final hour for a hold overnight or profit stop at 3500 and if needed then start the resell again.
#60
dTraderB
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Posted 31 August 2020 - 07:05 PM
Pretty good day to end the month on another winning steak with a 12 point gain and I reshorted again at 3507 in the final hour for a hold overnight or profit stop at 3500 and if needed then start the resell again.
Market should pull back to at least 3450 but this is not a normal market. Your excellent trading shows how a good trader can trade profitably even against the overll trend.
