102 replies to this topic

[12SPX]

I think volatility is going to start this week as it is expiration and we are very close to my upside numbers for this cycle so added to my short making it an average 4362 now....

[pdx5]

I think volatility is going to start this week as it is expiration and we are very close to my upside numbers for this cycle so added to my short making it an average 4362 now....

Short makes sense here to me, but keep your pants on.

And read your private messages please.

Edited by pdx5, 12 July 2021 - 09:08 AM.

[12SPX]

Average short 4365...  Guess I shouldve done it old style with profit stops lol!! 

[cycletimer]

 

".... as long as we hold the 4287SPX support level, the market will continue to rally. And, on Thursday, the market struck a low of 4289SPX, and then struck a new all-time high only one day later. Yes, my friends, this is a bull market, and it will continue to reach much higher levels over the coming two years.

 

For now, I will reiterate that I expect another buying opportunity in the stock market before we begin the next major rally over 4600SPX, potentially carrying us to 4900/5000SPX within the next 6 months. Therefore, I am still looking for a 200-300 point pullback over the coming months. But, as long as the market continues to hold the support levels we cite, that pullback may not begin until we reach the 4600SPX region. For now, that support is 4287-4300SPX, as we have raised it from my last publicly published article. And, we will continue to raise it as the market continues to subdivide higher.

The only question I have at this time is if the market will begin that 200-300 point pullback below 4440SPX, or if we can continue on towards 4600SPX before that pullback begins. The next two weeks of trading will provide us with that answer. As long as we hold the 4287-4300SPX support in the coming week or so, we will then attack the 4440-4490SPX region next, where we will again raise our support."

 

https://seekingalpha...rprises-to-come

 

I agree and it's exactly why I chose the 4200 strike $SPX puts I'm scaling into.

[dTraderB]

Tough busy Monday but ended with a small profit mainly because of NQ DAYTRADEs; Hedge LONG ES & NQ also profitable.

Losses in PUTS

 

Added OCT SPY PUTS and QQQ PUTS

 

2 ES HEDGE LONG 

2 NQ HEDGE LONG

 

Will close 1 NQ HEDGE LONG this morning and reopen later

ditto for ES HEDGE LONG

 

49 SPY PUTS

45 QQQ PUTS

 

Flat VXX (still above recent lows), CRUDE, and 

[12SPX]

This is so interesting whats going on in the market.  Looking more and more like a big sell off is coming!!  Average sell now 4370!! 

[12SPX]

And boom lol!!  Gotta love CPI, profit stop 4369 for the cash open! 

[12SPX]

Will sell right above, this thing has a lot of resistance to go down as sentiment is over the top!

[dTraderB]

Looks toppish, seasonally bullish first half of July will be over soon, coinciding with July OpEx.

 

I think volatility is going to start this week as it is expiration and we are very close to my upside numbers for this cycle so added to my short making it an average 4362 now....

[dTraderB]

Looks extremely susceptible to a CRASH

 

YEAH, I am putting the CRASH possibility now into play

 

And, it could be a higher probability if there is even a minor catalyst e.g. geopolitical, bad earnings, downgrades, etc

 

 

Will sell right above, this thing has a lot of resistance to go down as sentiment is over the top!

 

 

Will sell right above, this thing has a lot of resistance to go down as sentiment is over the top!