106 replies to this topic

[12SPX]

Looks like those 4000ners are hurting today lol!  Still holding my 3926 short, now lowering my profit stop to 3876 for the open to make it a smooth 50 point profit if hit lol!  Looking like there may be a long in here soon!! Your right pdx about golf but that's because I play tennis lol!!  This is the advantage of living on the west coast, I'm mostly finished by 9:00 sometimes 10:00 then I go play tennis all afternoon practically every day and why I also sell option premium because I don't have to sit in front of a computer all day!!  I just do day trading for fun don't have multiple screens in front of me just one big one lol!  

[dTraderB]

Tic toc:
Key levels for today are 3846, 3886 and 3905. Now 3964.

Dont see much downside here , unless we take out 3846 on huge volume.

May form some sort of range below 3905 and above 3846 is main initial-hypothesis for today.

[dTraderB]

"Potential break lower from 4 days of balance and a month of value. Monitoring for continuation. Gap rules in play. If the gap holds, looking for continuation lower toward YTD VWAP at 3835. If the gap closes, then back to 3888, 3900. #ES_F https://t.co/ZeqkvENon1"

[dTraderB]

ADAM:

Yesterday, #ES_F lost its trendline from March 2020 at 3900 after 6 attempts to bounce off it since then, causing overnight selling

Plan today: ~3840 next good support now where I'd look for a bounce. 3880 need to recapture either off there or direct to trigger to 3900 then 3930

[dTraderB]

JAY:
Will only be surprised if 3820 goes.
I expect it to cap downside. Said this on the 21st.
With complete crippling of global supply chain IMO it would be embarrassing if level does not break. https://t.co/6fssAuejrE

[dTraderB]

U.S GDP (QOQ) (Q4) ACTUAL: 4.3% VS 4.1% PREVIOUS; EST 4.1%

U.S INITIAL JOBLESS CLAIMS ACTUAL: 684K VS 770K PREVIOUS; EST 730K

U.S CONTINUING JOBLESS CLAIMS ACTUAL: 3870K VS 4124K PREVIOUS; EST 4043K

[dTraderB]

Adding extra lot to NQ LONG DAYTRADES ... there will be sharp bounces, and a ST reversal

[12SPX]

Think I agree for now, taking profits on my short at 3862 for a 64 point profit and starting a long build at 3862 for the open!  Gonna be a fun day!  Also starting to sell a teeny amount of the 3500 April puts for $10 and if we continue down will add of course.  biden=volatility=4 years! 

[12SPX]

Profit stop 3863, will buy lower..  And as I typed it was hit for a 1 point profit and trying again at a nice even 3860, shoulda started with that in the first place lol! 

[12SPX]

Fast market, profit stop 3861!