Member
Posted 18 August 2021 - 10:29 AM
So this may be a typical "Sell the (negative) rumor and Buy the news" scenario, but let's see after 2 pm ............................
I noticed that internals turned strong today indicating big boys buying this dip ..........................
Edited by redfoliage2, 18 August 2021 - 10:29 AM.
Member
Posted 18 August 2021 - 10:43 AM
Maybe, I'd still rather be shorting here, gotta go with the odds upside potential is limited to me at least until Friday's expiration, only +1%! I'll have new numbers for September.....
Member
Posted 18 August 2021 - 10:53 AM
BTW, I just loaded some cheap weekly ES calls to bet for a bounce from here ...............................
Member
Posted 18 August 2021 - 02:50 PM
Maybe, I'd still rather be shorting here, gotta go with the odds upside potential is limited to me at least until Friday's expiration, only +1%! I'll have new numbers for September.....
With all ST supports broken now the question is they still want to push lower from here tomorrow or that's it for now?
Edited by redfoliage2, 18 August 2021 - 02:55 PM.
Member
Posted 19 August 2021 - 07:53 AM
As I've been saying on d's post for awhile now I havn't gone long for a couple weeks because volatility has disappeared and that's never healthy and boom here we are. Sitting on a nice 65 point profit stop now after making 45 Monday I think it was and great profits on my already sold September calls. I'll know more by Friday when I can recalculate my numbers but I'm sure we'll see a bounce somewhere into expiration otherwise we could have a long way down yet. Remember I jokingly but only half lol, said last week the S&P could fall -10% and we'd still stay above 4000 lol! Not predicting that by the way I prefer to only predict the movements. Have been saying for awhile we could wake up to a -2 to -5% down morning any day for awhile though and here we are in 2 days lol!!
Member
Posted 20 August 2021 - 02:33 AM
Just a weak bounce yesterday, and more downside in the cards ......................
Edited by redfoliage2, 20 August 2021 - 02:35 AM.
Member
Posted 20 August 2021 - 09:10 AM
It looks a better bounce today with much improved internals ..........................
Edited by redfoliage2, 20 August 2021 - 09:11 AM.
Member
Posted 20 August 2021 - 12:01 PM
At this point I'm not sure if the selling was done, but we should have a better view Monday ......................
Edited by redfoliage2, 20 August 2021 - 12:03 PM.
Member
Posted 23 August 2021 - 10:47 AM
The bounce continues with new highs in major indices . But the chance is high for selling to come back before the month ends ....................
Edited by redfoliage2, 23 August 2021 - 10:53 AM.
Member
Posted 25 August 2021 - 03:11 PM
Obviously traders are betting for a dovish tone from the Fed Chief at the Jackson Hole conference on Friday ........................
