Adam Mancini (@AdamMancini4) tweeted at 8:27 am on Wed, Apr 21, 2021:
Pullback in #ES_F underway as expected & yesterday was biggest red day since March 23. Possible bear flag forming since yesterdays low
Plan today:Key support remains 4105-4095. Bulls must reverse there, or we sell to 4080 then 4010 (big support). Above 4140 starts direct upside
(https://twitter.com/...1427641345?s=03)
Dangerously extended Market at or near ST top
Started by
dTraderB
, Apr 18 2021 07:11 PM
53 replies to this topic
#32
12SPX
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Posted 21 April 2021 - 08:51 AM
Taken out for 1 point profit! Was just gonna go for 4130 but got my first short build at 4132 as the market just zoomed up lol!
#33
12SPX
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Posted 21 April 2021 - 09:06 AM
Added to short, average now 4136!
#34
12SPX
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Posted 21 April 2021 - 09:08 AM
Dougie Kass (@DougKass) tweeted at 7:36 am on Wed, Apr 21, 2021:
Also coming up on @realmoney
https://t.co/AtoMNkvAGW
The Day Speculation Died
* A man who tries to carry a cat home by it's tail will learn a lesson that can be learned in no other way
* For months I have been vehemently warning about the risks associated with trading and
(https://twitter.com/...7281723394?s=03)
Now that's funny lol!! To bad there is no videos on that!!
#35
pdx5
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I want return OF my money more than return ON my money
Posted 21 April 2021 - 11:45 AM
Market continues getting more and more dangerously over-extended!
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#36
dTraderB
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Posted 21 April 2021 - 12:03 PM
Adam Mancini (@AdamMancini4) tweeted at 0:30 pm on Wed, Apr 21, 2021:
Dip buyers stepped in as usual in #ES_F - bulls needed to recapture 4140 to trigger upside today and got a good pop when it was recaptured - must hold that now. 4160 next up where it likely cools off again.
After a ~month long rally. We're likely going to get some choppy basing
(https://twitter.com/...7325084679?s=03)
Dip buyers stepped in as usual in #ES_F - bulls needed to recapture 4140 to trigger upside today and got a good pop when it was recaptured - must hold that now. 4160 next up where it likely cools off again.
After a ~month long rally. We're likely going to get some choppy basing
(https://twitter.com/...7325084679?s=03)
#37
dTraderB
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Posted 21 April 2021 - 12:06 PM
Will reopen a few more SPY PUTS above ES 4150 if traded after 2pm
and will close 1 ES HEDGE LONG above ES 4160 if traded at or above that level after 3pm today
and will close 1 ES HEDGE LONG above ES 4160 if traded at or above that level after 3pm today
#38
12SPX
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Posted 22 April 2021 - 08:10 AM
Love it, market continued higher yesterday so going into this morning I have a beautiful smooth average of 4150 that's very tempting to hold for awhile. Market continues to be extended in every way and I think earnings that were lowered to nothing will likely turn out to be worse than expected lol! Gonna be interesting at the least!
#39
dTraderB
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Posted 22 April 2021 - 08:37 AM
Tricky market, resilient bulls, too many dip buyers, but toppish trading behavior
Love it, market continued higher yesterday so going into this morning I have a beautiful smooth average of 4150 that's very tempting to hold for awhile. Market continues to be extended in every way and I think earnings that were lowered to nothing will likely turn out to be worse than expected lol! Gonna be interesting at the least!
#40
dTraderB
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Posted 22 April 2021 - 08:37 AM
2nd ES hedge long 4156.25
