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Distribution, gentle squeeze, then... is the CRASH imminent?


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#31 12SPX

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Posted 26 May 2021 - 08:29 AM

Trying a long here for the open at 4191!! 



#32 12SPX

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Posted 26 May 2021 - 08:35 AM

Darn, just putting on profit stop for 4193 and was filled for 2 points! 



#33 12SPX

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Posted 26 May 2021 - 08:38 AM

K think I'm off today.  Thought I put in a buy at 4191 but it was a short lol!!  Profit stop 4190 lol! 



#34 12SPX

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Posted 26 May 2021 - 08:41 AM

And out for 2 point profit and flipped for a buy at 4189! 



#35 12SPX

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Posted 26 May 2021 - 09:03 AM

Shoulda kept my short on lol!!  Average long now at 4185!!  Gotta go for a vehicle fix so I'll explain later what happened.  Directionless market so far, not looking healthy if we can get back to 4210 I'd likely start flipping to a short again! 



#36 dTraderB

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Posted 26 May 2021 - 11:28 AM

Choppy market!

Shoulda kept my short on lol!!  Average long now at 4185!!  Gotta go for a vehicle fix so I'll explain later what happened.  Directionless market so far, not looking healthy if we can get back to 4210 I'd likely start flipping to a short again! 



#37 dTraderB

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Posted 26 May 2021 - 11:30 AM

39 SPY PUTS

1 ES HEDGE LONG 

5 VXX CALLS

 

Will add more VXX CALLS and SPY PUTS if ES trades above 4203

Will reopen VOO and INDA on market pullback below ES 4180

 

Closed all INDA
44 SPY PUTS
1 ES HEDGE LONG

Will put on limit orders to buy VXX CALLS



#38 dTraderB

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Posted 26 May 2021 - 11:32 AM

Clean technicals in #ES_F: For 2 weeks we were stuck below 4185. This week we broke out, backtested yesterday, & bounced as per plan. Now is follow through time Plan today: As long as 4185 holds/bases above, targets are 4235, 4275 then 4320. 4185 fails we sell (4140,4075). $SPX


#39 dTraderB

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Posted 26 May 2021 - 11:32 AM

Update: ES Decided to go for the re-test of 4185 as it continues basing. Being defended nicely so far keeping upside targets in tact


#40 dTraderB

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Posted 26 May 2021 - 11:33 AM

Watching that US DOLLAR INDEX!! 

 

and 10yr yield