119 replies to this topic

[redfoliage2]

Gap-down followed by an intra-day reversal, and closes at HOD.  It is a very bullish move.  So, it's likely to see a gap-up tomorrow ..........................

Edited by redfoliage2, 19 May 2021 - 03:13 PM.

[dTraderB]

3 great days, could get a bounce on Thursday & Friday if ES 4070 holds. 

Bulls rallied today from ST oversold but BEARS still have the edge.

 

PA (political analysis, MidEast situation etc) may be a strong factor in market moves during the next 2 to 3 days

Weak markets can topple over into crash mode with the slightest fear & doubts

I am fixated with INDA since it does not want to go down even as INDIA faces a critical next few weeks. So, I added more to existing LONG

Closed a few SPY PUTS, added some VOO, closed small VXX LONG position

Markets quite active now but I am off to rest to start early tomorrow

 

1 ES HEDGLE LONG 4106.5

1100 INDA 

600 VOO

12 SPY PUTS

Edited by dTraderB, 19 May 2021 - 08:28 PM.

[12SPX]

Phew early to bed early to rise lol!!  Had a feeling we would move down overnight but it would hold and my trades to add weren't hit so still long from 4082.  Will put my profit stop at 4085 and see how the cash open goes.  Markets pushing to move up for expiration but we need +2% to get to a positive cycle so not sure we'll make it there but might make an attempt at it! 

[dTraderB]

Let us see how high it bounces? Above 4180 is VERY BULLISH,

Phew early to bed early to rise lol!!  Had a feeling we would move down overnight but it would hold and my trades to add weren't hit so still long from 4082.  Will put my profit stop at 4085 and see how the cash open goes.  Markets pushing to move up for expiration but we need +2% to get to a positive cycle so not sure we'll make it there but might make an attempt at it! 

[dTraderB]

"Yesterday the ES took out the ON low's in the morning. Then a steady move eventually filled the Gap to the upside. Good chance we will trade above the previous US session highs to fill in the cave above to 4142.
Pivot=4098 #ES_F $SPY"

https://t.co/l2tleANXu0

[dTraderB]

U.S PHILADELPHIA FED MANUFACTURING INDEX (MAY) ACTUAL: 31.5 VS 50.2 PREVIOUS; EST 43.0

U.S INITIAL JOBLESS CLAIMS ACTUAL: 444K VS 473K PREVIOUS; EST 450K

U.S CONTINUING JOBLESS CLAIMS ACTUAL: 3751K VS 3655K PREVIOUS; EST 3640K

[dTraderB]

Adam Mancini (@AdamMancini4) tweeted at 8:17 am on Thu, May 20, 2021:

Yesterday, my support in #ES_F was 4057 & we rallied 60 pts. Its key bull market trendline support from March 2020, tested for 4th time. Bulls *need* follow through now

Plan today: Looking to 4130-35. Big resistance & dip likely. If it can recapture after, we see 4175 then ATHs

(https://twitter.com/...1952444422?s=03)

[dTraderB]

ADAM:
Additional notes: Price consolidating now on hourly chart likely setting up the rally to my 4130-35 target. Above there we squeeze very hard. Bulls must hold 4055-4060 though, otherwise we get another good leg down to 4023 then 3980ish.

[dTraderB]

Will close 2 or 300 VOO. Bank at least a 1K profit from those opened yesterday

[redfoliage2]

U.S PHILADELPHIA FED MANUFACTURING INDEX (MAY) ACTUAL: 31.5 VS 50.2 PREVIOUS; EST 43.0

U.S INITIAL JOBLESS CLAIMS ACTUAL: 444K VS 473K PREVIOUS; EST 450K

U.S CONTINUING JOBLESS CLAIMS ACTUAL: 3751K VS 3655K PREVIOUS; EST 3640K

These data all not supportive for the inflation fear...................