A big gap down is in the cards. Expect SPX to test Wednesday's low ..........................
Good News for Bears: HIGH INFLATION until mid-2022 (YELLEN)
#41
Posted 29 October 2021 - 02:01 AM
#42
Posted 29 October 2021 - 08:13 AM
OMG just looked at call option prices as I've been on a mini holiday, they are crazy bullish, I think this is the worst of the year, not good for the rabid bulls!!
#43
Posted 29 October 2021 - 09:23 AM
Will also close 1 NQ HEDGE LONG above ATH if traded today
Will buy more VXX CALLS below new weekly LOW
Want to enter NOV with RISK-ON BIG SHORT POSITION
#44
Posted 29 October 2021 - 09:36 AM
I see the swing top was in yesterday ..................
Edited by redfoliage2, 29 October 2021 - 09:37 AM.
#45
Posted 29 October 2021 - 12:01 PM
With Internals down and VIX flat we may see another overnight swoon in the index futures from this toppy level.....................
Edited by redfoliage2, 29 October 2021 - 12:06 PM.
#46
Posted 29 October 2021 - 12:48 PM
USD jumped almost one point today, screaming the Fed is starting tapering in Nov. and probably raising the rate soon. We are right at the top of the Fed cycle. BTW, Fed meeting to announce something in tapering and rate early next week...................
Edited by redfoliage2, 29 October 2021 - 12:54 PM.
#47
Posted 29 October 2021 - 01:04 PM
USD jumped almost one point today, screaming the Fed is starting tapering in Nov. and probably raising the rate soon. We are right at the top of the Fed cycle. BTW, Fed meeting to announce something in tapering and rate early next week...................
Historically US stock market followed the Fed cycles closely, so right now it must be at a multi-year top ....................
Edited by redfoliage2, 29 October 2021 - 01:12 PM.
#48
Posted 29 October 2021 - 01:13 PM
Closing 1 NQ HEDGE LONG +488.25
Need every $ of that profit to partially hedge big loss in QQQ PUTS
Still holding 1 NQ HEDGE LONG
I may reopen 2nd NQ HEDGE LONG before trading ends for the week & month later
#49
Posted 29 October 2021 - 01:38 PM
USD jumped almost one point today, screaming the Fed is starting tapering in Nov. and probably raising the rate soon. We are right at the top of the Fed cycle. BTW, Fed meeting to announce something in tapering and rate early next week...................
Historically US stock market followed the Fed cycles closely, so right now it must be at a multi-year top ....................
Just sold some March 2022 spx calls for more than $150 each .....................
#50
Posted 29 October 2021 - 02:03 PM
USD jumped almost one point today, screaming the Fed is starting tapering in Nov. and probably raising the rate soon. We are right at the top of the Fed cycle. BTW, Fed meeting to announce something in tapering and rate early next week...................
Historically US stock market followed the Fed cycles closely, so right now it must be at a multi-year top ....................
Just sold some March 2022 spx calls for more than $150 each .....................
Internals data tell there are heavy selling under the market surface today, so it's likely we will see more pullbacks before the Fed next week ....................
Edited by redfoliage2, 29 October 2021 - 02:12 PM.