Yes, its not rocket science, market needs to have a little correction at least -2% and we'll go from there but there is still that -5%er sitting out there. blu says this is THE day for the top anyhow so we'll see.....
BEARS coming: SEC Reportedly Halts Chinese Firm IPOs After Ride-Hailer DiDi Global's $50 Billion Crash
Started by
dTraderB
, Jul 30 2021 01:16 PM
77 replies to this topic
#52
12SPX
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Posted 04 August 2021 - 09:49 AM
Decided to add to my sold calls I've listed on here, for August I have 4450 calls for an average sell of $30, 4500's for $13. Decided to join red with a sell on the September 4500 call for $34.... think things could get interesting....
#53
redfoliage2
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Posted 05 August 2021 - 01:35 AM
Watch out from the top .....................
#54
12SPX
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Posted 05 August 2021 - 07:44 AM
Hmmmm I'm confused thought yesterday was THE day for the top, maybe that's just it. Nonetheless my profit stop was hit at 4400 for a 6 point profit and I'm back in short starting a short build at 4405 for the cash open....
#55
12SPX
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Posted 05 August 2021 - 08:40 AM
Out for 1 point profit and with the pop I'm building my short at 4409... Closing high on the cash S&P was Tues at 4423, ES at 4415 so I'm going to understand those are THE tops blu talked about. Guess we'll see....
#56
12SPX
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Posted 05 August 2021 - 10:43 AM
Been distracted but was out for 1 point on my profit stop and back in to build my short at 4412....
#57
dTraderB
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Posted 05 August 2021 - 10:50 AM
Just want this market to break out - UP or DOWN by at least 300 NQ points.
Maybe it is finally breaking out UP today....
#58
dTraderB
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Posted 05 August 2021 - 10:50 AM
Update: Good strength this morning ultimately still chopping around - 4435 remains my next direct target providing we can hold those supports posted. Ideally we don't revisit that low 4390s support again as these supports can cave on any test now
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Replying to
Note on downside lvls: The pattern is an upward sloping bull flag (check my Saturday chart for the visual). If this does decide to break down, would be looking to 4290-95 next down, with 4250 below. Both fairly big and important support zones with a large gap of empty space below
#59
dTraderB
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Posted 05 August 2021 - 10:51 AM
This is day 9 in a row of the same thing in #ES_F: Dip into support, bouncing, then ending ~4400. We remain basing for a big move Plan today: Supports = 4392 & 4377 (100+ point selloff below). As long as they hold, looking for 4435 next, which triggers breakout to 4470 then 4505
Quote Tweet
Adam Mancini
@AdamMancini4
·
21h
When price is back & forth in range like #ES_F the past week, the goal isn't to overtrade inside it- bases are trap-filled noise Easier is to draw support & res (4375-4430), zoom out, and position for the real prize, which is the breakout (usually in direction of trend- up) twitter.com/AdamMancini4/s…
This is day 9 in a row of the same thing in #ES_F: Dip into support, bouncing, then ending ~4400. We remain basing for a big move Plan today: Supports = 4392 & 4377 (100+ point selloff below). As long as they hold, looking for 4435 next, which triggers breakout to 4470 then 4505
Quote Tweet
Adam Mancini
@AdamMancini4
·
21h
When price is back & forth in range like #ES_F the past week, the goal isn't to overtrade inside it- bases are trap-filled noise Easier is to draw support & res (4375-4430), zoom out, and position for the real prize, which is the breakout (usually in direction of trend- up) twitter.com/AdamMancini4/s…
#60
dTraderB
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Posted 05 August 2021 - 10:53 AM
I wonder if these SURVEYS are useful in the modern trading world
AAII Bulls no change. Bears +7, from the neutral camp. Bears now highest since late January. SPX in the last week: +2 points.
AAII Bulls no change. Bears +7, from the neutral camp. Bears now highest since late January. SPX in the last week: +2 points.
