77 replies to this topic

[12SPX]

Profit stop 4390, sell above.....

[12SPX]

Took profits at 4385 for an 8 point gain, will sell above, lets hope for a pop into the close!!! 

[redfoliage2]

Sold some Sept ES calls in the morning today, Im gradually building up on bounces and expecting a good correction between now and mid September

Edited by redfoliage2, 02 August 2021 - 08:45 PM.

[12SPX]

Nice trades Red,ya as you've read I'm loaded up also but with August calls. My program goes cycle to cycle.  Also got my short level back at 4393 will see how the open goes but holding a profit stop of 4392 for the cash open....

[dTraderB]

Looks like an abnormal July & August with hectic frenzied markets! 

 

54 SPY PUTS

52 QQQ PUTS

1 ES LONG HEDGE

1 NQ HEDGE LONG

10 NAT GAS mini SHORTS

 

Will add another ES and NQ HEDGE LONG   4383.5  & 14964.5

 

Will add more PUTS if markets make new ATHs

[dTraderB]

Adam Mancini

 

@AdamMancini4

·

1h

 

As posted, ~4375 has been the magic level in #ES_F to stop a significant correction, and it tested yet again yesterday & held for a nice 20 pnt bounce Plan today: As long as it continues, ES is basing for a fresh leg higher. Targets today = 4409, 4435. Above triggers to 4465+

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Adam Mancini

 

@AdamMancini4

· Aug 2

Despite FOMC & earnings last week, #ES_F spent it chopping, bouncing *5+ times* off 4370-75: Textbook basing after prior weeks 190 pt run, to setup next big move Plan today:Everything between 4375-4430=chop basing zone. As long as 4375 holds, looking for 4430 then break to 4465+ twitter.com/AdamMancini4/s…

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[dTraderB]

Adam turning bearish, slightly? maybe exasperated at the failure of BULLS to make new ATHs in every leg up

 

Adam Mancini

 

@AdamMancini4

·

1h

 

Extra notes: Obviously after 6+ tests (this level has been great for scalping) the 4375 level is becoming vulnerable to failure now & may break down on next test. Manage risk. If it does, I have 4360 immediately below (fake break down zone). Below there should sell quick to 4285

[dTraderB]

green NQ vs red ES battle 

eventually, NQ wins 

 

ok, this break is over, back to trading

 

 

 

 

Helene Meisler

@hmeisler

·

19h

 

SPX price targets lifting.

 

"We are adjusting our price target for the end of 2021 for the S&P 500 index to 4,700 on earnings of $196. Our previous target, set in December, was 4,300 on earnings of $175. Our new price target assumes a multiple of 24x earnings, down from 24.6x previously.” - Oppenheimer

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[dTraderB]

Do not want to close this NQ short daytrade but.... 

 

Helene Meisler

@hmeisler

 

Saturday Poll The next 100 points for the S&P?

 

UP

44.4%

 

DOWN

55.6%

2,388 votes·Final results

[12SPX]

Profit stop 4380