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


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#41 12SPX

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Posted 29 December 2020 - 10:16 AM

Haha that's funny was pretty obvious yesterday when the Vix barely moved there would at least be some volatility.  Profit stop 3730 and for sure sell above...



#42 12SPX

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Posted 29 December 2020 - 10:20 AM

Here's an interesting thing.  Futures have been hovering slightly lower than normal below the cash level indicating that sentiment underneath may not be that bullish as expected.  Plus the fact that call options remain way overinflated in premium its not a surprise that at the least volatility will kick in as we go into year end! 



#43 12SPX

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Posted 29 December 2020 - 10:22 AM

and out for 7 points profit.  Think we'll rally a bit here as volume is pathetic as usual so reselling is the key! 



#44 12SPX

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Posted 29 December 2020 - 10:51 AM

Darn it I just read there is no POMO today or basically for the rest of the week.  Should've held my shorts maybe, here's hoping....Interesting that first two weeks of January there will only be about 30 billion!! 



#45 redfoliage2

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Posted 29 December 2020 - 11:33 AM

Is the Senate now doing anything for the $2000 stimulus check?  Interesting to see Trump now is quiet on this.  For now this is all the market is focusing on ........................



#46 12SPX

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Posted 29 December 2020 - 11:57 AM

Think they are going to vote sometime today but I understand there is no way it will go through. 



#47 12SPX

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Posted 29 December 2020 - 12:00 PM

Just passed wow!!  Whoops maybe not lol! 


Edited by 12SPX, 29 December 2020 - 12:01 PM.


#48 12SPX

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Posted 29 December 2020 - 12:42 PM

Trying  a long at 3719, profit stop 3720! 



#49 12SPX

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Posted 29 December 2020 - 12:44 PM

Out for 1 point profit, hmmmm



#50 12SPX

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Posted 29 December 2020 - 12:47 PM

Try again for a build at 3717...