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Bullish? rangebound? minor correction? or dreaded doomsday scenario?


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#51 12SPX

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Posted 30 July 2021 - 09:06 AM

Out for a 15 point profit ans starting a rebuild right away at 4402....



#52 dTraderB

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Posted 30 July 2021 - 09:21 AM

If this is not MAJOR DISTRIBUTION then I need to dump all I know & relearn market behavior in 2021 & beyond



#53 12SPX

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Posted 30 July 2021 - 10:13 AM

Hmmmmmm, took it off again for a 10 point profit at 4390 and am going to sell higher.....



#54 12SPX

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Posted 30 July 2021 - 10:16 AM

Whoops sorry I have 4400 on the brain lol, seems like a line in the sand.  Was actually a 12 point profit....



#55 12SPX

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Posted 30 July 2021 - 10:19 AM

Getting nervous we may dump again so sold at 4394 and will add if we continue higher....



#56 dTraderB

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Posted 30 July 2021 - 10:20 AM

Closed 1 ES & 1 NQ HEDGE LONG, Closed about 40% of SPY & QQQ PUTS this week; holding 1 ES & 1 NQ HEDGE LONG over the weekend.

 

Let's end July with a great week, bank some of those profits, enter August with smaller positions,   EXCEPT if market rallies later then I will add more SPY & QQQ PUTS

 

Watching that VXX chart, will start new VXX CALL position if it trades below 28.75

 

Also will start new NAT GAS SHORT position if it trades above $4



#57 12SPX

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Posted 30 July 2021 - 01:52 PM

Hmmmm maybe a last hour try so I took profits at 4384 for a 10 point profit.  Been a nice day but hopefully be able to sell higher...



#58 12SPX

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Posted 30 July 2021 - 02:19 PM

Starting my short build at 4393 this time and will add to it hopefully as we go into the close....