trying 3717 once again!
Bullish momentum, ATH, frothing, fizzling, beware of the big drop ahead
Started by
dTraderB
, Dec 28 2020 06:30 AM
90 replies to this topic
#63
dTraderB
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Posted 29 December 2020 - 07:34 PM
9 QQQ PUTS
BUY LIMIT NQ order @ 12775
Trading picked up today. Small loss in QQQ PUTS opened today, larger loss on those opened yesterday. Best NQ daytrading day in a while.
#64
slupert
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Posted 30 December 2020 - 05:48 AM
TIC TOC on Telegram:
On $SPX $ES side of the house, do not see any sell pressure if bears can’t even manage a signal close below 3680. Now 3715. This thing can keep floating up and on any close above 3750, it can trade 4,000 next.
yep. 3680 was the number, didn't happen I covered for a decent profit mostly on the RUT. Everyone expects the RUT to keep leading, so that's the one I am focusing on. (JMHO)
#65
dTraderB
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Posted 30 December 2020 - 07:57 AM
tic toc (@TicTocTick) tweeted at 7:15 am on Wed, Dec 30, 2020:
GM traders:
Intraday basis I am watching 3730 (today). Remaining overall bullish above this level. Now 3735.
Choo choo 🚂 is about to depart for 3900. If the bears dont hustle and close below 3680-3707 shortly, it may well be too late 🤔
GM traders:
Intraday basis I am watching 3730 (today). Remaining overall bullish above this level. Now 3735.
Choo choo 🚂 is about to depart for 3900. If the bears dont hustle and close below 3680-3707 shortly, it may well be too late 🤔
#66
dTraderB
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Posted 30 December 2020 - 07:58 AM
ADAM:
A back-test of 3700-3685 in #ES_F (if we get it) may be most important in months. Since price spent so long in that area this month and now broke above with force, bulls need to hold above it now & continue up. Otherwise, its a big fake breakout & could mark near-term top $SPX
A back-test of 3700-3685 in #ES_F (if we get it) may be most important in months. Since price spent so long in that area this month and now broke above with force, bulls need to hold above it now & continue up. Otherwise, its a big fake breakout & could mark near-term top $SPX
#67
dTraderB
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Posted 30 December 2020 - 08:02 AM
"Doom porn"???
SENTIMENT TRADER:
If we froze the session right now, the S&P 500 would close at a new high.
And yet fewer than 40% of issues and less than 40% of volume on the NYSE are advancing.
This would be the 3rd-weakest breath since 1962.
SENTIMENT TRADER:
If we froze the session right now, the S&P 500 would close at a new high.
And yet fewer than 40% of issues and less than 40% of volume on the NYSE are advancing.
This would be the 3rd-weakest breath since 1962.
#68
dTraderB
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#69
12SPX
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Posted 30 December 2020 - 08:34 AM
Overnight took profits on my long for 17 points and are now building a short again at 3735. Don't really want to cover this would rather build on it but wait for the open. For now keep my profit stop right at 3735.
#70
12SPX
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Posted 30 December 2020 - 09:07 AM
That McCllean report is interesting as its so oversold! It sure indicates how there are just a few stocks holding this thing up. Would be nice to just let it correct so we can have a better start point. Anyhow figured I may as well trade this, profit stop 3730 and will sell above....
