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Pull Back Tomorrow


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#1 RadioHead

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Posted 21 July 2021 - 05:17 PM

I'm taking a profit here on futures at 4354. Made 28 points. Nothing to brag about.

 

Pull back tomorrow is expected.

 

 



#2 slupert

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Posted 21 July 2021 - 06:17 PM

two 80% days in a row, demand is increasing. Ay slight pullback will be bought quick



#3 RadioHead

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Posted Yesterday, 03:37 AM

I will be the one buying it!

#4 GDA

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Posted Yesterday, 05:08 AM

spx is following last opex script



#5 cycletimer

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Posted Yesterday, 04:19 PM

This pullback ain't over.  The short-covering rally is over.  I am not extremely bearish but I see the case for the Nas to hit a downside objective of 14,000 + or - 100 points with other major indices following on the downside.  I have a turn hitting ideally on 7/27 + or - 1 TD.  

I have traded in and out of puts in the past week.  Late last week I purchased puts, exited on Friday's close with a 20% gain but it was 1 TD too early cry.gif cry.gif

Had I held over the weekend that 20% gain would amounted to 100%.

 

I reentered the same puts today and I will hold over weekend.  This will result in a 100%+ gain by mid next week, I fairly certain.