Off and unplugged this week but sharing a no-real-change #MysteryBroker update from Monday. He notes Delta surge has fed a Goldilocks trade (bond rally, growth stocks carry S&P) but could flip with a mid-Aug. US Delta peak, which would match the UK case-growth trajectory.

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#64 12SPX

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Posted 05 August 2021 - 12:03 PM

Profit stop 4410 sell above!!

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#65 12SPX

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Posted 05 August 2021 - 12:39 PM

Out for a 2 point profit and back in building my short at 4412.... this market is ridiculous lol!!

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#66 dTraderB

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Posted 05 August 2021 - 01:11 PM

FWIW...
Markets too dull, I am too tired, maybe a 2-week R&R will help

a 114-day cycle?

Simon Maierhofer

@ispyetf

·

Aug 2

#stocks already cycled from high to low (thus far) today. This could be because of a larger 114-day #SP500 turning point cycle, which has been in place since April 2019. #ES_F #SPX #SPY

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#67 dTraderB

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Posted 05 August 2021 - 01:12 PM

Adam Mancini

@AdamMancini4

·

1h

While I continue looking to 4435 then 4465+ as posted all week, worth noting we are in bearish seasonality for the first week & a half of August So far, #ES_F is playing this out via sideways chop instead of a drop. Price always first, until a support is lost, we continue higher

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Adam Mancini

@AdamMancini4

· Jul 29

As posted, seasonality continues to be an incredibly powerful prediction tool for $SPX While I trade price *only*, seasonality is suggesting time to manage risk on longs-August not a bullish month, usually starting with a selloff then choppy action (setting up a big Sept rally) twitter.com/AdamMancini4/s…

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#68 dTraderB

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Posted 05 August 2021 - 01:14 PM

I think we make a new daily ATH by 4pm

Could even rally to new record ATH

I am looking for at least 2 to 3 50-plus ;points NQ swings

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#69 12SPX

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Posted 05 August 2021 - 02:53 PM

And just like that a nice round 4415 average short. I'm starting to think that blu was wrong about yesterday being THE day....

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#70 dTraderB

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Posted 05 August 2021 - 03:21 PM

YES, new SPX ATH; dull or not, BULLS recovered nicely and then rallied strongly to close the cash session. Did not get my 3 NQ swings in last hour but good enough.

The major U.S. equity indexes rose Thursday and the S&P 500 set a new record closing high as energy and travel stocks bounced back ahead of a key labor market report.

The Dow Jones Industrial Average rose 271.58 points, or 0.8%, to close at 35,064.25. The S&P 500 added 0.6% to finish at a new all-time high 4,429.10, while the Nasdaq Composite rose 0.8% to 14,895.12. The moves in the stocks came after a mostly lower regular session on Wednesday, which saw the Dow drop 300 points.