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BULLS hold ES 4350 & bounce or ES 4200 this week


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#71 12SPX

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Posted 13 October 2021 - 10:55 AM

Out for an 8 point profit.....



#72 12SPX

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Posted 13 October 2021 - 11:09 AM

Decided to start my short build at 4338....



#73 dTraderB

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Posted 13 October 2021 - 11:59 AM

BULLS have managed to rally from the lows, showing resilience, but still not out of the woods. 

 

They need a big breakout out hour or two.

 

Still think the path of least resistance is down .... but if BEARS do not continue apply the selling pressure then 

the obvious happens: Bulls trample on weak Bears on the way to ES 4450/75 first  strong resistance zone 



#74 redfoliage2

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Posted 13 October 2021 - 12:01 PM

This market is rotten, JPM got sold big today upon reporting earnings beating the consensus.  This looks a trend and the stock got sold as soon as the earnings reported.  This tells me the stock market correction is not done.....................


Edited by redfoliage2, 13 October 2021 - 12:10 PM.


#75 12SPX

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Posted 13 October 2021 - 01:03 PM

Yup sure looks like it lol!!  Profit stop 4350....



#76 12SPX

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Posted 13 October 2021 - 01:09 PM

Darn and here I thought we were going to keep going but nonetheless a nice 12 point profit....



#77 redfoliage2

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Posted 13 October 2021 - 01:41 PM

Tapering/how much to taper?  The Fed is to announce at its Nov meeting.  Cannot rely on guesswork/false interpretation as the media is trying today ......................


Edited by redfoliage2, 13 October 2021 - 01:51 PM.


#78 12SPX

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Posted 13 October 2021 - 02:04 PM

Likely not gonna get any more long fills today but not surprising as options were indicating so much bearishness.  I was selling the Oct 4250 puts this morning for $8.  Higher risk trade of course lol, but not worth that much with only two days left and now is only worth $3.50 lol!  Hopefully we'll see some selling in here before the cash market closes but I have a feeling it won't be much....



#79 redfoliage2

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Posted 13 October 2021 - 02:06 PM

Likely not gonna get any more long fills today but not surprising as options were indicating so much bearishness.  I was selling the Oct 4250 puts this morning for $8.  Higher risk trade of course lol, but not worth that much with only two days left and now is only worth $3.50 lol!  Hopefully we'll see some selling in here before the cash market closes but I have a feeling it won't be much....

I'd not leave it overnight ..................



#80 12SPX

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Posted 13 October 2021 - 02:33 PM

Haaaaa already took $5 profits although highly doubt your going to see your 4200 call this week.