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BIG DROP (aka CRASH) unless PP & BULLS can hold SPX 4500


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#11 Waver

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Posted 05 December 2021 - 11:48 AM

New York Big 10 Fang Index weekly chart sure has the look of a wildly momo divergent failed breakout attempt to it....
 
nyfang.png


That looks like a real good 5 waves up

#12 da_cheif

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Posted 05 December 2021 - 03:08 PM

watch the sky    eh   ..being bearish is easy anybody can do it



#13 12SPX

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Posted 06 December 2021 - 08:53 AM

prefer to "watch the tape", being "bullish" is easy anybody can do it lolyes.gif !!  It's about timing so you catch both ways.  I was making money all the way to the recent highs shorting and now I;m making money on the long side lol!!  My overnight profit stop was hit on my longs profit stop after going to sleep at 4560 for a 5 point profit and now have started my long build again at 4550....



#14 dTraderB

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Posted 06 December 2021 - 09:41 AM

Bought 5 QQQ CALLS February in LT PORTFOLIO

Will add more if market drops .... limit orders placed

 

Only NQ daytrades with occasional PUTS or CALLS. 

 

Great week, month after a few rough days in first half of Nomember

 

RISK OFF for rest of month & year , if that is possible with me sitting in front of a few screens of real time market data.



#15 12SPX

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Posted 06 December 2021 - 09:44 AM

Oh rats I put on my profit stop at 4555 for the open didn't put it on here as I thought we'd hold and I needed to shovel some snow lol!!  Anyhow out for a 5 point profit and starting a new long at 4550 once again...



#16 12SPX

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Posted 06 December 2021 - 09:57 AM

Trying to remark on another post here so not being as fast, was adjusting my profit stop and out for a 10 point profit at 4560.  See what happens but starting my long at 4555....



#17 12SPX

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Posted 06 December 2021 - 10:21 AM

profit stop 4575....



#18 12SPX

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Posted 06 December 2021 - 10:29 AM

profit stop 4580...



#19 12SPX

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Posted 06 December 2021 - 10:35 AM

There we go nice 25 point profit!!  Think I'll wait a bit and either go long again or maybe start building a short.  Just reread that and I'm sounding indecisive lol!!  Nonetheless its quite the mix here so better to wait I think as were just sitting here!! 



#20 12SPX

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Posted 06 December 2021 - 10:45 AM

Boy oh boy, moving fast, sold at 4585 profit stop 4580 but will flip back to long if we hit 4570....