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BULLISH above 4180, bearish below, skittish market


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#91 12SPX

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Posted 13 May 2021 - 07:33 AM

 

 

Could be a major dump during last hour 

 

or stunning reversal

 

 

Youve gota make up your mind on a direction lol!!  Average long now 4179....

 

 

 

Your average ES long is a 100 points higher?

 

Whoops sorry that was a missprint, hard to go from an average long of 4088 to 4179.  Meant 4079 lol!  Added a little overnight to so now my average long is 4072...  See how the open goes don't want the market to rally to much....



#92 12SPX

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Posted 13 May 2021 - 08:23 AM

Profit stop 4073 just before the open here will buy lower if hit at the open...Likely going to move it up point by point till after the open as it likely won't hold....



#93 12SPX

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Posted 13 May 2021 - 08:27 AM

Dang before the open out for 1 point profit. See how the open goes would like a little lower.



#94 redfoliage2

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Posted 13 May 2021 - 08:53 AM

Bulls are back in control.  Lots of buying with super strong internals today.......................


Edited by redfoliage2, 13 May 2021 - 08:56 AM.


#95 12SPX

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Posted 13 May 2021 - 08:57 AM

Guess I shoulda hung on was thinking there would be a little selling at the open, oh well still have my sold puts working for me.  Gonna go help a friend with sealing a driveway anyhow so be mostly outta here but may try a long if we pullback a bit otherwise I'll start looking for shorts higher later today....



#96 redfoliage2

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Posted 13 May 2021 - 09:23 AM

Bulls are back in control.  Lots of buying with super strong internals today.......................

So much for the inflation fear - PPI data out this morning down from March peak 1.0% to April 0.7%......................



#97 dTraderB

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Posted 13 May 2021 - 09:23 AM

That was fast!!! Got to start opening SHORT HEDGES for my profitable LONGS

#98 redfoliage2

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Posted 13 May 2021 - 09:31 AM

BTW, I see we have got a swing bottom here .............................



#99 dTraderB

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Posted 13 May 2021 - 09:55 AM

Closed qqq calls
May reopen if traded lower during rest of this week
LIMIT ORDERS PLACED TO OPEN JULY SPY PUTS

IN LT:
650 VOO
600 INDA

5 qqq calls IN RISK PORTFOLIO

500 INDA
500 VOO
for LT PORT

limit orders to buy more, will accummumate during next few weeks & months



#100 redfoliage2

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Posted 13 May 2021 - 10:58 AM

BTW, I see we have got a swing bottom here .............................

VST SPX is likely to challenge 4170 by the end of Friday/early next Monday .......................