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"Sentiment Speaks: The End Of The Bull Market"


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#1 dTraderB

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Posted 20 June 2021 - 08:31 AM

More are bearish, but I wonder now if this 2021 market is REALLY DIFFERENT and cannot be evaluated as markets of the past. Would not be surprised to see another rally to SPX 4400 minimum, then the BIG DROP.

 

One of my best weeks of 2021 ended with ES plunging in after hours...  more later

 

 

"This past week, we broke below the 4190SPX support which increased our probability for seeing the 4000SPX region once again. However, it may not be a direct move down. In fact, there is still some potential within the market to still rally back up to the 4300SPX region before we head down to the 4000SPX region. I would add that the probabilities of rallying to the 4400SPX region before we see that 200-300 point decline have also diminished. While I am keeping an open mind regarding this potential based upon how the market develops over the coming week or so, I think the probabilities suggest that we will remain below 4310SPX, and re-test the 3950-4000SPX region before we begin the next phase of this bull market rally to the 4600+ region."

https://seekingalpha...the-bull-market



#2 dTraderB

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Posted 20 June 2021 - 08:47 PM

Adam Mancini (@AdamMancini4) tweeted at 2:03 pm on Sat, Jun 19, 2021:
Have a great weekend! For the 1st time since March 2020, #ES_F lost support of its bull trendline at 4190. Suggests healthy pullback starting

Plan: Unless 4160 then 4190 recaptures (fake breakdown-triggers long to 4350). This likely sees 4040-50 where I'd be a strong buyer $SPX https://t.co/8CrN12mPP4
(https://twitter.com/...1895153669?s=03)

#3 dTraderB

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Posted 20 June 2021 - 08:47 PM

ADAM:
I'm expecting new ATHs after this pullback

Adam Mancini (@AdamMancini4) tweeted at 2:03 pm on Sat, Jun 19, 2021:
Have a great weekend! For the 1st time since March 2020, #ES_F lost support of its bull trendline at 4190. Suggests healthy pullback starting

Plan: Unless 4160 then 4190 recaptures (fake breakdown-triggers long to 4350). This likely sees 4040-50 where I'd be a strong buyer $SPX https://t.co/8CrN12mPP4
(https://twitter.com/...1895153669?s=03)



#4 dTraderB

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Posted 20 June 2021 - 08:51 PM

Arastoo Fazeli (@ArastooFazeli) tweeted at 8:41 pm on Sat, Jun 19, 2021:
Weekly plan for $SPX:

First support at 4155/58, below that 4124-4137 and then 4075-4080.

First resistance at 4180. Above that 4195-4200, then 4220/25 and 4243.

A potential turn in the first 3 days of next week.

Plz Retweet. Will keep posting these plans as long as 100 RTs.
(https://twitter.com/...3249482752?s=03)

#5 12SPX

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Posted 20 June 2021 - 11:02 PM

Got knocked out of my trade for a 1 point profit on profit at the end but starting a build tonight at 4130, will see how it goes overnight maybe add or wait till morning see where were at at bedtime.



#6 12SPX

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Posted 21 June 2021 - 07:35 AM

Well how about that, turned out pretty well, profit stop 4160 for the cash open, still likely to be a volatile day...



#7 12SPX

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Posted 21 June 2021 - 08:28 AM

profit stop 4165, hoping for a run to 4200 once again but we'll see may churn around here for a bit! 



#8 12SPX

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Posted 21 June 2021 - 08:39 AM

Whew right there but I did pull the trade at 4170 for an even 40 point profit.  Will start a build a little lower...



#9 redfoliage2

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Posted 21 June 2021 - 08:39 AM

Back kissing of death?



#10 12SPX

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Posted 21 June 2021 - 08:51 AM

Maybe, flipped to a short at 4176......