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"MAGICAL MARKET in FANTASY LAND"


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#1 dTraderB

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Posted 30 August 2021 - 06:38 AM

and I am SHORT and trying to keep away as much as possible for another week while on vacation.

 

This Magical Market Resides In Fantasy-Land As We Hit 4500SPX

https://seekingalpha.com/instablog/876837-avi-gilburt/5633456-this-magical-market-resides-in-fantasy-land-hit-4500spx 



#2 dTraderB

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Posted 30 August 2021 - 06:41 AM

Have a great weekend! The melt-up continues in #ES_F & its controlled by a *perfect* multi-month channel. Support tested Aug 19th & resistance/long-term target now 4680-4700 Plan next week: Huge resistance en route though at 4560-80. Rally there & pullback. Detail below $SPX


#3 dTraderB

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Posted 30 August 2021 - 06:45 AM

McClellanOsc_1120.gif

 

https://www.mcoscill...t_breadth_data/



#4 12SPX

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Posted 30 August 2021 - 08:42 AM

This is getting fun as I'm adding to my short once again, average now 4482.  4600 calls still have a nice profit showing but waiting on my 4550 and 4500's to show up but think the next dip will show that! 



#5 12SPX

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Posted 30 August 2021 - 09:55 AM

Love it, average short 4489 and options are screaming bullish now as if the market will never go down again lol!! 



#6 12SPX

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Posted 01 September 2021 - 07:56 AM

Option values remaining elevated but no cracks yet, gonna be an interesting fall trading period!!  Looks like I might even hit the 4500 level lol!  Average short now 4595....



#7 12SPX

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Posted 01 September 2021 - 09:06 AM

Adding to my sold Sept. 4500 calls with an average now of $43 and my Sept 4550's for an average now of $16.  Main trade of 4600's still showing profits lol! Gonna be a fun final 13 days of trading for this Sept cycle!! 



#8 K Wave

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Posted 01 September 2021 - 10:24 AM

Looking like GOOGL may be on wave 5 of the final leg up. See how high bulls can ramp it here.....

 

When that one finally finishes blowoff, bears may finally get a chance for a bit....few more days until turn is my guess at this point.



#9 12SPX

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Posted 02 September 2021 - 07:54 AM

let the fun begin, wake up every day and add to my short since expiration lol!!  This has been the longest run with barely any volatility at 9 days.  They have been getting longer and longer since June for shorting, just another indicator of a very unhealthy market as were not even going up that much.  Primed for another wake up morning -2 to -5%.   average short now 4500!!  Might sit on this one for awhile we'll see....



#10 12SPX

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Posted 03 September 2021 - 07:45 AM

Looks like another interesting day, average short now 4505 going into the weekend.  Surprised nothing has happened with call options being extremely bullish!!