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BIGGEST BUY-THE-DIP TEST: "V" shaped rebound or REAL correction?


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#21 12SPX

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Posted 28 September 2021 - 07:44 AM

Pulled my profit stop, I'm curious how this will turn out at the open getting very short term oversold here....



#22 dTraderB

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Posted 28 September 2021 - 08:04 AM

Bullish?

https://www.sentimen...raders-gave-up/

#23 dTraderB

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Posted 28 September 2021 - 08:05 AM

Bearish?
https://finance.yaho...-090446200.html

#24 dTraderB

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Posted 28 September 2021 - 08:07 AM

Adam Mancini (@AdamMancini4) tweeted at 8:18 am on Tue, Sep 28, 2021:

This week, was looking for 4470-80 in #ES_F and pullback & for 5th time since Sept 13 it produced a sizable drop.4400 now key support to stop a trip to new lows

Plan Today: Bounce attempt here, but bulls need to recapture 4420 to open a run higher, otherwise 4365, 4330 next down
(https://twitter.com/...3593316360?s=03)

#25 dTraderB

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Posted 28 September 2021 - 08:09 AM

MANCINI:

Note: 4400 as been posting since Saturday is key support but so far bulls failing to produce a strong reaction here which is not a great sign (should have been then sharp run off if the market likes this lvl) - suggests market may want to visit 4365 area before a relief bounce

#26 dTraderB

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Posted 28 September 2021 - 08:13 AM



Helene Meisler (@hmeisler) tweeted at 7:16 am on Tue, Sep 28, 2021:
CPCI PUT CALL EOD RATIO
the 21 dma is now highest since 2011. Been rising steadily for 3 years

This was two days before the October peak, so these folks were right to be buying puts. It was not contrarian.

#27 12SPX

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Posted 28 September 2021 - 08:33 AM

profit stop 4400, will buy below.....



#28 12SPX

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Posted 28 September 2021 - 08:35 AM

Hmmmmm well that was fast, nice 8 point profit and back in to start a long build at 4395....



#29 dTraderB

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Posted 28 September 2021 - 08:36 AM

Bought 5 DEc QQQ calls

and a limit order below to buy 5 

 

DEC, in the money

 

Will close GREEN VXX CALLS



#30 12SPX

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Posted 28 September 2021 - 08:50 AM

average long now 4390....