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10% to 12% correction? "A Storm Is Brewing - - plenty of reason for investors to be cautious"


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#41 redfoliage2

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Posted 21 September 2021 - 11:38 AM

EOQ rally starting, boyz got their way.  Once they have their positions squared up they will push to above SPX 4600 for the end of the 4th quarter ...........................


Edited by redfoliage2, 21 September 2021 - 11:40 AM.


#42 12SPX

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Posted 21 September 2021 - 12:52 PM

Hmmmmm we'll see.  For now trying another long at 4350...



#43 redfoliage2

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Posted 21 September 2021 - 01:51 PM

Late day buying should happen again today and expect more short covering tomorrow AM/overnight ......................


Edited by redfoliage2, 21 September 2021 - 01:57 PM.


#44 redfoliage2

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Posted 21 September 2021 - 02:25 PM

Late day buying should happen again today and expect more short covering tomorrow AM/overnight ......................

BTW, SPX and VIX options can be traded almost 24 hrs a day with CBOE..............................



#45 12SPX

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Posted 21 September 2021 - 02:42 PM

Profit stop 4360 see how that goes as we move into the close....



#46 12SPX

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Posted 21 September 2021 - 02:48 PM

That was quick out for a 10 point profit.... hmmmmm



#47 12SPX

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Posted 21 September 2021 - 02:59 PM

I like this 4350 level lol, long again there will add overnight....



#48 12SPX

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Posted 21 September 2021 - 03:02 PM

K that was quick average long 4345 lol!!  Cmon pajama traders lol!! 



#49 dTraderB

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Posted 21 September 2021 - 03:33 PM

Did not expect such a swift late swoon but it came,,,,  another GREEN DAY in a great September so far - only one RED day so far this month. 

 

NQ dayrading should hit a record weekly profit if market continues to be as volatile as it has been for past 2 days. 

 

17 SPY PUTS   -- not as aggressive as I normally am because I am almost sure there will be a rally after the FED meeting tomorrow

 

1 ES HEDGE LONG 4336.5 

BUY LIMIT ES 4280 (just in case....)

SELL STOP ES 4240 (there is something about this market that can move 100 or more ES points up or down in a flash....)

 

Flat QQQ, Crude, Nat Gas, VXX 

 

 

 

Only 8 DEC SPY PUTS opened before it tanked...
Will add an extra NQ DAYTRADE LONG as HEDGE for PUTS.

May buy ES below 4335 if traded.
Will gradually rebuild PUT positions above NQ & ES highs on Monday

Will open new NAT GAS SHORTS above 5.14
 

Nice bounce, closed pisirions JIT!
WILL START NEW PUTS position above ES 4350

 



#50 dTraderB

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Posted 21 September 2021 - 03:40 PM

 
FOMC meeting tomorrow, could produce move in markets. Monthly Inflation/Deflation ratio Bollinger Bands are pinching suggesting large move in Gold market may be forthcoming.