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FED & CONGRESS vs OCTOBER CRASH HISTORY


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#91 12SPX

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Posted 09 October 2020 - 06:53 AM

Love the pajama traders, average short going into the open now 3445! 



#92 dTraderB

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Posted 09 October 2020 - 07:29 AM

A few nq trades, short & long. Will close remaining nq hedge long & reopen latet

#93 dTraderB

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Posted 09 October 2020 - 07:31 AM

Yestetday's high important resistance. STIMULUS TALKS adding fuel to weak rally

Love the pajama traders, average short going into the open now 3445! 



#94 dTraderB

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Posted 09 October 2020 - 07:33 AM

ADAM:

My main setup for this week in #ES_F was a month long inverse & shoulders pattern with 3470 target, and after a 100+ point rally were almost there

Plan today: Looking for a test of that 3470-3480 level. Above there, we see 3570, but a good cool-off likely needed 1st to set it up

#95 jacek

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Posted 09 October 2020 - 08:41 AM

Love the pajama traders, average short going into the open now 3445! 

Your  pockets are almost as deep as those at the FED yes.gif



#96 12SPX

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Posted 09 October 2020 - 08:56 AM

Naw only three trades and I'm there lol! 



#97 dTraderB

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Posted 09 October 2020 - 09:49 AM

Closed hedge long, now flat hedge

added SPY & QQQ PUTS

with nq above key pivot level 11510, using max size nq daytrades

want to add a few more PUTS if market rallies above NQ 11700 and SPX 3498; will close some on any reasonable decline but do not want to focus on Options daytrading

I may close some XLF and BAC but at higher levels than today's highs; possible short mini Jan crude position opened later...

 

LT:
4075 XLF
4300 BAC

24 SPY PUTS
FLAT VOO

RISK:
29 QQQ PUTS
FLAT NQ HEDGE LONG
FLAT CRUDE



#98 dTraderB

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Posted 09 October 2020 - 09:57 AM

not getting into any political discussion: just a market related outlook

IT DOES appear - based on my 33 years in the markets - that Wall St is not scared and may even be

comfortable and at ease with a President Biden. That sets up a BULLISH December but.... always a but or two --- economic realities will soon return to the forefront and markets will decline - big. 

Looking for a bit more on this rally, could  see ST today, then DOWN (could be a big down into the election), then UP - big relief rally, and DOWN, all this during next 3 to 4 months

 



#99 dTraderB

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Posted 09 October 2020 - 12:35 PM

nq hedge long 11677 buy limit



#100 dTraderB

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Posted 09 October 2020 - 03:35 PM

closed + 52.5

outa here

 

nq hedge long 11677 buy limit