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"I Don't Know If the Correction Will Extend, But Here are Five Charts I'm Watching"


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#31 dTraderB

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Posted 01 June 2021 - 01:02 PM

Wild Tuesday!!!
June comes with a bang!

2 hours more of this insanity!

#32 12SPX

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Posted 01 June 2021 - 05:50 PM

And once again got stopped out for a 1 point gain.  Back in at 4195 for the evening session.  Will put on a profit stop above that if hit. 



#33 12SPX

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Posted 02 June 2021 - 07:13 AM

Markets been pretty dead so I didn't even put a profit stop on but will as we open the cash open put it on for 4197. 



#34 12SPX

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Posted 02 June 2021 - 07:32 AM

There we go starting to move a bit.  This thing seems very heavy so I hope we stay up as I would feel better shorting, moving my profit stop to 4201 for now and may flip short there, we'll see.



#35 dTraderB

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Posted 02 June 2021 - 07:49 AM

What a market! 

Did not believe yesterday could have been profitable after the early rally but reversal was stunningly fast and caught many napping... 

 

BIG SHORT POSITION, will add more on new ATH, hedging .... 

will short crude above 68.5 ... small position then add more if rallies above 69



#36 12SPX

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Posted 02 June 2021 - 08:32 AM

Took my 7 point profit and flipped to short at 4202, will add if we move higher.



#37 12SPX

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Posted 02 June 2021 - 08:40 AM

Whoops setting my profit stop and out for a 1 point profit, will sell higher, likely one more push coming, went long at 4199....



#38 12SPX

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Posted 02 June 2021 - 08:47 AM

Profit stop 4202 will flip short there and wherever I raise it to in the next little bit....



#39 12SPX

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Posted 02 June 2021 - 08:49 AM

And just like that, out for an 8 point profit and starting a short build at 4207...



#40 12SPX

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Posted 02 June 2021 - 09:06 AM

Setting profit stop, out for 1 point gain, wanna sell a little higher if possible, would love to start at the old high around 4209.