Pulled my profit stop, I'm curious how this will turn out at the open getting very short term oversold here....
BIGGEST BUY-THE-DIP TEST: "V" shaped rebound or REAL correction?
Posted 28 September 2021 - 08:07 AM
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
Posted 28 September 2021 - 08:09 AM
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
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.
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....
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