TIC TOC:
Folks:
Heres my weekly plan and some levels.
1. We had begun to see nice bearish momentum last week but Friday jobs report distorted the reality.
2. Lot of mis-pricing occurred and we closed above order-flow level 4212 at 4226.
3. IMO this is unsustainable.
4. This week my focus is 4212 followed by 4180. I believe market will test 4180 and close below it. This will bring a large sell of about 125 - 165 points. Now 4226.
5. Analysis void if no close below £4180.
BULLISH above 4180, bearish below, skittish market
Started by
dTraderB
, May 09 2021 04:58 PM
136 replies to this topic
#2
dTraderB
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Posted 09 May 2021 - 04:59 PM
BUSY WEEKEND after HECTIC WEEK.
Another profitable week but not as good as JAN TO MARCH.
Another profitable week but not as good as JAN TO MARCH.
#3
da_cheif
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Posted 09 May 2021 - 05:11 PM
...
TIC TOC:
Folks:
Heres my weekly plan and some levels.
1. We had begun to see nice bearish momentum last week but Friday jobs report distorted the reality.
2. Lot of mis-pricing occurred and we closed above order-flow level 4212 at 4226.
3. IMO this is unsustainable.
4. This week my focus is 4212 followed by 4180. I believe market will test 4180 and close below it. This will bring a large sell of about 125 - 165 points. Now 4226.
5. Analysis void if no close below £4180.
the markets are never skitttish .... u...r........:>)
#4
PrintFaster
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Posted 09 May 2021 - 07:53 PM
I agree.
A lot of rotational slop out there, lots of confusion as to which sectors to focus on for the next big move.
#5
12SPX
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Posted 10 May 2021 - 07:40 AM
I'm pretty comfortable holding my short calls and overall short at 4227! At the least volatility will likely kick up as the market is becoming mixed once again, tech just doesn't seem to have any oomph would be better for it to have a good correction and start up again!
#6
12SPX
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Posted 10 May 2021 - 08:37 AM
I'm resistant but profit stop at 4226 but will sell right above!
#7
redfoliage2
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Posted 10 May 2021 - 08:52 AM
NAZ down and gold up as inflation fear heating up .........
Edited by redfoliage2, 10 May 2021 - 09:02 AM.
#8
12SPX
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Posted 10 May 2021 - 09:20 AM
Was taken out at the open for a 1 point profit but not going to wait, starting a short build at 4228!
#9
12SPX
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Posted 10 May 2021 - 09:32 AM
This market is so messed up lol!! You can barely tell which direction its really going to go as there is such a heaviness present because of all the froth that needs to be worked out of the system. Nonetheless I will put my profit stop right at 4228! Was really hoping to get 4230 but oh well lol!!
#10
redfoliage2
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Posted 10 May 2021 - 09:48 AM
NAZ down and gold up as inflation fear heating up .........
Maybe Wednesday's CPI data leaked out?
