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OH MY Cron! Bears here for a few weeks.....


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#1 dTraderB

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Posted 28 November 2021 - 06:28 PM

Closed 1 NQ & 1 ES HEDGE LONG on this bounce

 

Holding 2 each 

 

The Bears will have a great XMAS season!



#2 redfoliage2

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Posted 28 November 2021 - 07:34 PM

I see bears won't prevail for a few days, let alone a few weeks. The PPT won't allow the plunge to continue this time. ........................


Edited by redfoliage2, 28 November 2021 - 07:44 PM.


#3 dTraderB

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Posted 28 November 2021 - 07:57 PM

They could be right, a bullish week ahead...   

 

Saturday Poll The next 100 points for the S&P?
  •  
    UP
    53.2%
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    46.8%
3,241 votes·Final results


#4 dTraderB

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Posted 28 November 2021 - 07:58 PM

I  think the FED does not mind they are not to be blamed for a pullback or worse. 

They will not intervene unless SPX falls below 3500 -- will not happen  in 2021 - or there is a major problem in the financial system .

 

I see bears won't prevail for a few days, let alone a few weeks. The PPT won't allow the plunge to continue this time. ........................



#5 dTraderB

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Posted 28 November 2021 - 08:00 PM

I rely on those people on the other side of my trades to be the ones who think technical analysis is all a bunch of hooey.
Quote Tweet
 
 
hepXwmDP_mini.jpg
 
Peter Brandt
@PeterLBrandt
· Nov 27
A challenging question to those who have a dogmatic opinion of any market Do you ever wonder what the really smart people on the other side of your favorite trade know/understand that you do not know/understand?
 


#6 dTraderB

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Posted 28 November 2021 - 08:02 PM

RASI Failed At +500, Bad News For Bulls
 

rasi_nov2021.gif

 

November 26, 2021

 

https://www.mcoscill...news_for_bulls/



#7 dTraderB

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Posted 28 November 2021 - 08:05 PM

Below -200  in ST bounce  territory

 

 

McClellanOsc_1184.gif

 

https://www.mcoscill...t_breadth_data/



#8 dTraderB

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Posted 28 November 2021 - 08:21 PM

Per http://wsj.com today [FRIDAY] was a 90.1% downside day. First 90% downside day since Oct 26, 2020


#9 dTraderB

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Posted 28 November 2021 - 08:24 PM

Have a great weekend! After 7 green weeks, #ES_F finally sold.
Next week determines if Santa rally is on or multiweek sell starting
Plan next week: Major support 4550-4580 for relief bounce with 4635, 4655 targets.
Unless 4655 clears though, another sell leg to 4480s incoming


#10 12SPX

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Posted 29 November 2021 - 09:03 AM

Went into weekend in cash although did add to my selling of the Dec 4300 puts getting an average sell there of $27 now.  Was thinking of going long but this is a bit too much of a bounce for me so think I'll wait for a little pullback first.  am getting a feeling it will be volatile for a bit here to many people looking for a santa claus rally!