profit stop 4310.....
BULLS recover -- more DECLINES ahead
Started by
dTraderB
, Oct 03 2021 03:52 PM
148 replies to this topic
#102
12SPX
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Posted 06 October 2021 - 09:38 AM
Darn taken out for a 13 point profit, will buy a bit lower......
#103
12SPX
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Posted 06 October 2021 - 09:46 AM
Starting a long build at 4305....
#104
12SPX
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Posted 06 October 2021 - 09:52 AM
profit stop 4306...
#105
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Posted 06 October 2021 - 10:07 AM
I see considerable further downside to go from here as the shoulder line of the H&S on SPX daily just got broken .............................
I am seeing inverse H&S on SPX short term right now...so bulls could still reverse this today.
But if that last pivot low goes, then possibility of some real ugliness...
Bulls have to reclaim 4370 to have convincing victory to start swing move back up.
Yup for sure, the place the market is in right now don't think its set for a straight down move. Were in a grind period right being hit from all sides of positive and negative events making it a great trading period. Sold some Oct 4100 puts for $16 this morning as were 8 days out now also. All my other trades are basically seeing full profits except my 4000 puts which continue to hold premium which tells me there is too much bearishness out there....
Whoops i just rereading this and realized I made a mistake as I copied and pasted to tell a friend. Should say "the place the market is in right now makes me think the market won't see a straight down move right now"!! Sorry about that....
#106
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Posted 06 October 2021 - 10:16 AM
Once again clipped for a 1 point profit. Didn't think that was going to be hit, might be tough to get back in with a lower buy but I'll be patient..... not lol!!!
#107
12SPX
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Posted 06 October 2021 - 10:24 AM
hmmmmm starting a long build at 4300....
#108
12SPX
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Posted 06 October 2021 - 10:55 AM
profit stop 4305....
#109
12SPX
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Posted 06 October 2021 - 11:11 AM
Wow, out for a 5 point profit and back in to start a build at 4300.... let you know how it turns out as I have errands, tennis and running now. Still think we could see green but it'll most likely be up to tech stocks....
#110
redfoliage2
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Posted 06 October 2021 - 11:38 AM
I see considerable further downside to go from here as the shoulder line of the H&S on SPX daily just got broken .............................
I am seeing inverse H&S on SPX short term right now...so bulls could still reverse this today.
But if that last pivot low goes, then possibility of some real ugliness...
Bulls have to reclaim 4370 to have convincing victory to start swing move back up.
Yup for sure, the place the market is in right now don't think its set for a straight down move. Were in a grind period right being hit from all sides of positive and negative events making it a great trading period. Sold some Oct 4100 puts for $16 this morning as were 8 days out now also. All my other trades are basically seeing full profits except my 4000 puts which continue to hold premium which tells me there is too much bearishness out there....
Whoops i just rereading this and realized I made a mistake as I copied and pasted to tell a friend. Should say "the place the market is in right now makes me think the market won't see a straight down move right now"!! Sorry about that....
Maybe just grinding down, but overnight spikes are unpredictable. Either way I expect SPX to visit the 200 dma sometime in October and hopefully to form the bottom there .....................
Edited by redfoliage2, 06 October 2021 - 11:42 AM.
