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Breakout ahead -- new ATHs in November


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#31 12SPX

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Posted 28 October 2020 - 07:46 AM

Adding a bit more, average long now 3325! 



#32 dTraderB

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Posted 28 October 2020 - 08:19 AM

Finally decided to reopen one hedge nq long
11400
Waited.... held off, but system demands at least 2 hedge nq long unless I close PUTS.
WILL CLOSE A FEW LATER AND ADD an extra lot to my nq short daytrades
Those SPY & QQQ PUTS profits are too tempting to leave on the table


A daytraders' dream day.... UP OR FLAT MOST OF THE DAY AND THEN DOWN...

Losses in bac, xlf, and qqq puts
Profits in nq daytrades and hedge long, and SPY PUTS.
Flat nq hedge long

HOLDING PUTS FOR NOW AND will place buy limit nq hedge long below 11450



#33 dTraderB

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Posted 28 October 2020 - 08:20 AM

Will add XLF AND BAC LONG BUT AT LOWER LEVELS, IN LT PORTFOLIO

#34 12SPX

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Posted 28 October 2020 - 09:09 AM

Great start to the day, added a bit more, average long 3316.....



#35 12SPX

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Posted 28 October 2020 - 09:22 AM

Ok final buy and we'll let it run, average long 3305......



#36 dTraderB

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Posted 28 October 2020 - 09:59 AM

Glad to take these PUTS profits

Now holding only 7 SPY PUTS & 9 QQQ PUTS, December

Will close another 3 to 4 if market trades lower than current levels (ES 3280)



#37 dTraderB

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Posted 28 October 2020 - 11:07 AM

THat was the ST OR IT LOW?

ADAM:
This morning, I posted 3300-3285 was support and the spot for a relief bounce in #ES_F and we're at the 3285 level now If bulls to bounce it, needs to be here with 3325 then 3385 levels above.

If bulls can't get going off this region then next support isnt until 3225-3230

#38 dTraderB

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Posted 28 October 2020 - 11:09 AM

TIC TOC:
If u r in doubt, just watch 3276-3300

There is a lot of buying here

But what are odds of them being right today, tomorrow, Friday?

I will say odds do not favor them

At least not rn

#ES_F $SPX $NDX $SPY

#39 dTraderB

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Posted 28 October 2020 - 11:11 AM

DOUG:

It is simply not true that "we wont know the results of the election for weeks" if the betting polls and forecasts by Nate Silver and others are anywhere near accurate.
That is not the reason for the decline this week. @ScottWapnerCNBC

#40 dTraderB

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Posted 28 October 2020 - 11:13 AM

Bit of a pause after that bounce... no too keen to risk too much, prefer to wait until this is resolved, up or down