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Market priced for Perfection - Price Action Strong, Seasonality Weak


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#51 dTraderB

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Posted 12 February 2021 - 08:04 AM

JAY:

Jay 'e-mini' Strizz (@StrizziJ) tweeted at 8:51 am on Fri, Feb 12, 2021:
Plan 12/2/2021

Pivot 3913.
Longs above targeting 3929, 3840
Shorts below targeting 3887, 3856-48

Orderflow level 3913 has kept a lid on the overnight session. It has served us well.

Plan is to go with the break of inside day. If red expect vol. to collapse over weekend probs.
(https://twitter.com/...6344061952?s=03)

#52 dTraderB

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Posted 12 February 2021 - 08:07 AM

ADAM:

Dip has been bought as usual in #ES_F today and its now forming an obvious bull triangle on the 1hr chart. This could setup a strong move higher but the longer it continues to fill out/build energy the better. Above 3917 triangle resistance would target 3935, 3960, then 4000

#53 dTraderB

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Posted 12 February 2021 - 08:09 AM

TIC TOC:

An update to the previous post:

1. Over-night auction parameters establish 3915 as key level yet again. Now 3906.

2. For me, bidding above 3915 is v imp for a strong market.

3. If we linger around 3905-3906, a retest & break of 3886 not ruled out.

#ES_F $SPX $NDX $SPY $TSLA

#54 12SPX

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Posted 12 February 2021 - 09:56 AM

added a bit more to my short, think this is the longest ever now averaging 3851!  Am taking profits on my sold 3970 calls for a $5.00 profit and 4100 calls for $4.10 profit as they are are only worth $.10 cents now.  Still going to hold the resold 4000 calls for now and see how the early week goes.  Already made $11.40 on the first sell.  My March sell of the 4000 calls is already showing a $10 profit as they hit $33 overnight but I'll hang onto those.  Gonna be an interesting time next week !! 



#55 12SPX

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Posted 12 February 2021 - 12:37 PM

Whoops forgot that I also have the Feb. 4100 call still sold at $14.00 and is a hold still! 



#56 dTraderB

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Posted 16 February 2021 - 07:29 AM

Maybe bank that profit !

Whoops forgot that I also have the Feb. 4100 call still sold at $14.00 and is a hold still! 



#57 dTraderB

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Posted 16 February 2021 - 09:54 AM

Bubble behavior....

zerohedge (@zerohedge) tweeted at 9:58 am on Tue, Feb 16, 2021:
MicroStrategy Is Selling $600 Million In Bonds To "Acquire Additional Bitcoins"

https://t.co/meU45LlhMt
(https://twitter.com/...5897851905?s=03)

#58 dTraderB

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Posted 16 February 2021 - 09:55 AM

Limit orders placed to buy SQQQ CALLS
MARCH 19
10 AND 11 STRIKES