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Bounce Is in the cards


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#1 redfoliage2

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Posted 19 July 2021 - 01:41 PM

Maybe as soon as tomorrow ..........................



#2 redfoliage2

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Posted 19 July 2021 - 01:44 PM

I just loaded up with a big size of ES calls as in a bull market dips like this will be bought soon......................


Edited by redfoliage2, 19 July 2021 - 01:51 PM.


#3 fib_1618

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Posted 19 July 2021 - 02:05 PM

Again...be careful as the internal cracks that had turned to fissures on Friday, have now turned to gaps.

 

Your missed expectation of a “conditioned reflex” bounce after OPEX should give you caution that something different may be afoot.

 

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#4 redfoliage2

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Posted 19 July 2021 - 02:20 PM

This is just an aftermath from the OpEx, it remains as a bull market. In a bull market dips like this will get bought. This bull market is different as it ignored the traditional internals

Edited by redfoliage2, 19 July 2021 - 02:24 PM.


#5 slupert

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Posted 19 July 2021 - 02:22 PM

This is just an aftermath from the OpEx, it remains as a bull market. In a bull market dips like this will get bought ..

Maybe , maybe not, but i bought NQ's  @ 14473 for a trade. (JMHO)



#6 redfoliage2

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Posted 19 July 2021 - 02:26 PM

More likely so to get bought soon, but in case maybe not I should be fine with the ES calls .,,..

Edited by redfoliage2, 19 July 2021 - 02:29 PM.


#7 slupert

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Posted 19 July 2021 - 02:27 PM

More likely so to get bought soon, but in case maybe not I should be fine with the cheap ES calls .,,..

i only have half position, will stop out no,biggie.



#8 slupert

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Posted 19 July 2021 - 03:04 PM

out 14557, for the 75 easy points, but 1/2 position only 35 points or so. easy money, why risk it? I'll trade it long tonight and tomorrow if its available. (JMHO)



#9 redfoliage2

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Posted 19 July 2021 - 03:18 PM

With a gap up tomorrow the little fear created by the actions from OpEx and its aftermath should be over ..............................

Edited by redfoliage2, 19 July 2021 - 03:25 PM.


#10 redfoliage2

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Posted 20 July 2021 - 08:23 AM

ECB to hold press conference on Thursday, expect ECB to keep its 1.85 trillion Pandemic Emergency Purchase Programme (PEPP) running .................................