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We Are Now In Crash Territory - Irrational Exuberance - The Bulls Remain In Control


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#101 redfoliage2

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Posted 17 December 2020 - 04:25 PM

Internals strong today.  NYMO turned positive forming a higher low.  I see it will gain more ground tomorrow  ........................


Edited by redfoliage2, 17 December 2020 - 04:27 PM.


#102 12SPX

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Posted 17 December 2020 - 04:38 PM

Well that was a pretty good 26 point day, we'll see how the overnight session goes!! 



#103 redfoliage2

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Posted 18 December 2020 - 05:07 AM

Be prepared  - as the Congress not going for another stopgap bill we should see the relief bill to be passed this weekend.................


Edited by redfoliage2, 18 December 2020 - 05:08 AM.


#104 traderx

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Posted 18 December 2020 - 05:30 AM

agree---I played it strongly, early yesterday  for a bigggg Monday jump, from Muriela's  suggestion.



#105 12SPX

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Posted 18 December 2020 - 07:57 AM

Awww the perfect night, just before bed I took profits on my short from 3712 for a 7 point profit and the pajama traders blessed me with two rogue fills, one at 3715 and one at 3720 for an average 3717.  I'll put a profit stop on it before the open if we fall here otherwise after the open.



#106 12SPX

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Posted 18 December 2020 - 08:10 AM

profit stop 3715



#107 12SPX

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Posted 18 December 2020 - 08:27 AM

And out for 2 points and its looking exactly as I thought it would be, were sitting right flat for another quad expiration start in an hour with the first trades on the SP500!!  Stupidest expiration calculation there has ever been but whatever lol!! 



#108 12SPX

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Posted 18 December 2020 - 08:38 AM

You would think that 12.9 billion of POMO from the Fed today would have it much higher at the open hmmmmmmm,,,, cmon I want to fill my shorts!! 



#109 12SPX

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Posted 18 December 2020 - 08:46 AM

There we go starting my short build at 3717, hang onto this through the open hopefully....



#110 12SPX

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Posted 18 December 2020 - 09:37 AM

Was able to add to the short with an average now 3718, profit stop 3713, sell above again