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"BULLS REFUSE PEACEFUL TRANSFER OF POWER TO BEARS" - ST up, IT down


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#31 dTraderB

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Posted 28 September 2020 - 07:44 AM

Support/Resistance levels I am watching
3400 - 3370 - 3318 - 3270 - 3225

ADAM:

As posted on Saturday the pattern this week in #ES_F is a 3 week bull wedge, and it broke out. Next major level up/ target is 3370-3390

For today: RSI very overbought though. *Ideally bulls see a pullback or flag here to setup 3370. Must hold 3290 or wedge breakout fails $SPX

#32 12SPX

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Posted 28 September 2020 - 08:12 AM

Jumped in at the open yesterday at 3310 figured we'd continue up overnight, profit stop sitting at 3330 right now see what happens about after the open.  Think your right about a move to at least 3350 but almost seems to obvious at the moment!! 



#33 dTraderB

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Posted 28 September 2020 - 08:41 AM

11290 buy limit nq hedgr

Busy!

#34 12SPX

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Posted 28 September 2020 - 09:18 AM

Okay out for a 20 point profit and in again long at 3325, profit stop 3326 see how that goes...  Whoops didn't hit post sorry a little late lol!!  Now profit stop 3330...



#35 redfoliage2

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Posted 28 September 2020 - 09:20 AM

Expect SPX unable to get over the 50 dma by the close today, and a pullback from this resistance later today after 12 pm. I sold ES earlier today and now holding a small short from 3340 as this is VST way overbought ........

Edited by redfoliage2, 28 September 2020 - 09:29 AM.


#36 12SPX

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Posted 28 September 2020 - 09:34 AM

Think I'm in agreement with that, profit stop 3340 or sell my long and go short at 3345, see which one hits first lol!! 



#37 12SPX

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Posted 28 September 2020 - 09:38 AM

Okay out for a 15 point profit, start looking where I can get in for a short now, would still like 3345 but might have to do a build....



#38 dTraderB

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Posted 28 September 2020 - 09:45 AM

4 spy put
6 qqq put

Wild crazy day

#39 12SPX

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Posted 28 September 2020 - 09:57 AM

Darn mightve missed it might be going long again!! 



#40 dTraderB

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Posted 28 September 2020 - 10:53 AM

closed VOO LONG