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BULLS recover -- more DECLINES ahead


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#121 dTraderB

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Posted 07 October 2021 - 08:50 AM

Closed ALL VXX PUTS.

#122 dTraderB

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Posted 07 October 2021 - 08:54 AM

Closed 5
32 QQQ CALLS
did not expect to get that sell limit order filled but QQQ is in fire since that ST bottom

#123 12SPX

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Posted 07 October 2021 - 09:07 AM

Interesting, average short 4405....



#124 dTraderB

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Posted 07 October 2021 - 09:14 AM

CLOSED ALL SPY CALLS  & ES HEDGE SHORTS

 

Closing more QQQ CALLS to target a hedge position of 20 QQQ CALLS & 1 NQ SHORT

 

Will reopen calls lower or later or next week, 

 

Been a great run, want to preserve these profits this week, especially into the NFM report tomorrow 

 

 

May start a new VXX CALL position  later or on Friday after NFM report 



#125 12SPX

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Posted 07 October 2021 - 09:20 AM

Gonna be interesting, average short 4410...  Starting to sell some Nov calls now at 4600 for $16, slowly add.  The 4100 puts I sold yesterday for $16 are already $2.50.  Now we've got a little to much bullishness lol!! 



#126 K Wave

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Posted 07 October 2021 - 11:05 AM

Getting pretty extended very short-term, but that Island bottom action in the Russell 2000 now starting to look like it might be pretty bullish for the Swing term....

The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#127 dTraderB

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Posted 07 October 2021 - 12:30 PM

Adam Mancini (@AdamMancini4)
After the biggest squeeze since July #ES_F has arrived at todays 4420 target zone & now dipping

While it could also pop to backtest the 50dma ~4430, if bears to reverse it for another sell leg, has to be this zone. Above here 50dma is recaptured likely ending this corrective leg

Adam Mancini (@AdamMancini4) tweeted at 8:16 am on Thu, Oct 07, 2021:
After 3 days of intense chop in 4360-4270, #ES_F snapped it to the upside

Plan today: Support=4375-80,4360. As long as it holds, 4415-20 next big level up.Big resistance,downtrend line from September peak & last chance for bears to see a new low before trend to ATHs restarts
(https://twitter.com/...S8hGKeRsvg&s=03)

#128 dTraderB

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Posted 07 October 2021 - 12:34 PM

I may close all QQQ CALLS & NQ HEDGE above NQ 14990

THE PLAN is to start new NAT GAS SHORT POSITION: start with SELL LIMIT NAT GAS above 5.90, or wait for 6 if market is rapidly rising near these levels

#129 redfoliage2

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Posted 07 October 2021 - 12:48 PM

Thanks to the positive development on debt ceiling issue SPX now is back above the neckline of the H&S, so the bearish pattern is nullified at least for now.  We should see SPX back testing its 50 dma 4439 as soon as tomorrow......................


Edited by redfoliage2, 07 October 2021 - 12:55 PM.


#130 12SPX

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Posted 07 October 2021 - 01:08 PM

profit stop 4408 will sell above.....