Yup too many people saying it "had" to rally because of seasonality but just didn't feel right, profit stop at 4675, I'll look at it again in the morning but will sell above that anyhow if we do bounce!!
An Overvalued, Overbought & Overleveraged Stock Market While The Fed Tightens, What Could Go Wrong?
#61
Posted 25 November 2021 - 09:39 PM
#62
Posted 26 November 2021 - 04:27 AM
https://www.cnbc.com...now-so-far.html
Yup too many people saying it "had" to rally because of seasonality but just didn't feel right, profit stop at 4675, I'll look at it again in the morning but will sell above that anyhow if we do bounce!!
#63
Posted 26 November 2021 - 04:28 AM
#64
Posted 26 November 2021 - 06:47 AM
The Friday after Thanksgiving is usually a pretty sleepy day for the markets, and traders sing "Wait 'til the sun shines, Nelly" on the floor. SP futures down 1% a/o 2130 Thursday night implies it is going to be a more "interesting" trading day. New Covid strain being blamed.
#65
Posted 26 November 2021 - 06:57 AM
Update: Futures #ES_F actually quite volatile here for holiday trading and slammed right into 4685 support after defending 4705. Bulls going to want to hold this zone or itd back to 4655 which is gateway to a very ugly few days
(https://twitter.com/...rNB6QcPekg&s=03)
#66
Posted 26 November 2021 - 06:59 AM
#67
Posted 26 November 2021 - 08:21 AM
Well isn't this fun but totally not surprising as I've been saying healthy bull markets go up and down. So far this is just a blip so I wouldn't get to worried about it just yet. likely approaching a little bit of a bottom here for the cash open, profit stop 4630
#68
Posted 26 November 2021 - 08:40 AM
Closer look and it seems the call option players aren't buying this so far as they are still holding onto their bullishness, could be more downside. Be more interesting to see what happens after the cash open!!
#69
Posted 26 November 2021 - 09:20 AM
+90.25
Reopening 2nd ES HEDGE LONG limit order ES 4661 FILLED
LIMIT ORDER PLACED TO reopen 3rd NQ HEDGE LONG 16150. Do not thin this will be filled overnight.
#70
Posted 26 November 2021 - 09:37 AM
Nice trade I think, I thought it was a long at 4661? Anyhow, out for a profit of 77 points with the cash open and starting my short build at 4640 but going to give it lots of room to add to here!!