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Bullish momentum, ATH, frothing, fizzling, beware of the big drop ahead


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#1 dTraderB

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Posted 28 December 2020 - 06:30 AM

Not an active market but thin markets do not prevent more ATHs as this bullish momentum continues to reward the dip buyers. 

Rotation, less market participants, and an unusually high VIX could keep this market frothing & fizzling, bubbling for days, weeks, even months but the big drop is ahead. If not a 15 to 20% then many 3 to 5 % pullbacks until the big one. 

 

I am flat except for NQ daytrades and will trade lightly until Jan 2nd 2021. However, I will start building a new QQQ PUT position at least two option periods away. 



#2 slupert

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Posted 28 December 2020 - 03:20 PM

i started a short today on Russell futes  a little higher, just nibbled at Es 3731.75, looking to add over 3750 if possible. Might be a tricky short on MS. Russell. Might be ok short term but I think the "I" will stop by for a scare mid january. Notice I said  "a scare". (JMHO)



#3 dTraderB

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Posted 29 December 2020 - 06:09 AM

Got to be careful with large naked short positions since trillions will be pouring into the market. Check the next thread with this same subject line ... this one is a duplicate in error. Join us in the other topic with same topic 

 

i started a short today on Russell futes  a little higher, just nibbled at Es 3731.75, looking to add over 3750 if possible. Might be a tricky short on MS. Russell. Might be ok short term but I think the "I" will stop by for a scare mid january. Notice I said  "a scare". (JMHO)



#4 dTraderB

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Posted 29 December 2020 - 06:10 AM

https://www.traders-...big-drop-ahead/