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It's a Game of Liquidity


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#21 redfoliage2

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Posted 28 March 2021 - 08:21 PM

I just added ES longs seeing this dip in the index futures will be bought up later in the cash session, or even before the cash opens, we will see.  BTW, there are bullish events pending for the week..........................

 



#22 brucekeller

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Posted 28 March 2021 - 11:29 PM

 

I just added ES longs seeing this dip in the index futures will be bought up later in the cash session, or even before the cash opens, we will see.  BTW, there are bullish events pending for the week..........................

 

 

Yeah the Evergiven got unstuck for one thing. I wonder if a lot of the weakness is just because of some hopefully pre-market blocktrades. Aren't they supposed to do those on the dark side of the stock market? 



#23 redfoliage2

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Posted 29 March 2021 - 09:03 AM

Just some consolidation today and SPX 3930 should hold..................


Edited by redfoliage2, 29 March 2021 - 09:06 AM.


#24 redfoliage2

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Posted 29 March 2021 - 12:41 PM

SPX held well in the consolidation earlier today and now making new highs.  It looks that bears failed again ................


Edited by redfoliage2, 29 March 2021 - 12:43 PM.


#25 redfoliage2

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Posted 29 March 2021 - 02:16 PM

Well, just so much for the consolidation, and now it's going to end the day on a high note.  Bears should quit for now ........................


Edited by redfoliage2, 29 March 2021 - 02:17 PM.


#26 12SPX

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Posted 30 March 2021 - 08:00 AM

Or just rebuild their short for a profit stop this morning lol!  I did go long yesterday for a nice profit though lol!  biden=volatility! 



#27 redfoliage2

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Posted 30 March 2021 - 11:33 AM

A consolidation at this place is healthy for the market.  I see the dip today is likely to be bought as soon as tomorrow ..........................


Edited by redfoliage2, 30 March 2021 - 11:38 AM.


#28 redfoliage2

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Posted 30 March 2021 - 02:12 PM

SPX down with VIX down today >>> Market Up tomorrow ...............


Edited by redfoliage2, 30 March 2021 - 02:13 PM.


#29 redfoliage2

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Posted 30 March 2021 - 02:36 PM

A consolidation at this place is healthy for the market.  I see the dip today is likely to be bought as soon as tomorrow ..........................

 

With this two-day consolidation a bullish flag has been formed on SPX hourly.


Edited by redfoliage2, 30 March 2021 - 02:37 PM.


#30 redfoliage2

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Posted 31 March 2021 - 08:21 AM

NQ is forming a month-long inverted H&S base on the hourly and 120-min charts.  A breakout north is pending in early April.  New highs in both SPX and NAZ are inevitable in April after the multi-week consolidation since mid Feb.......................


Edited by redfoliage2, 31 March 2021 - 08:31 AM.