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


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#61 dTraderB

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Posted 08 December 2021 - 03:55 PM

Closing ES HEDGE LONG  +25.5 points

Bank that now, the PUTS will take care of themselves late in December or next year. 

Will reopen  ES HEDGE LONG later or tomorrow or ...

 

 

ES HEDGE LONG  4676   reluctantly but system says so... risk off  in December

29 SPY PUTS

4 CRUDE short

nibbling in CRUDE

 

Record NQ DAYTRADE profit for 2021: 1247 points.

Losses in Unhedged 22 SPY PUTS as I built this position gradually during the day

Profits in QQQ CALLS, CLOSED ALL, just a few.

Fantastic day, huge NQ DAILY CANDLE, UP UP UP for most of the day. Trading is never easy but today NQ was quite enjoyable to trade, especially with unhedged SPY PUTS.

 



#62 12SPX

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Posted 08 December 2021 - 03:56 PM

Average short going into the close 4691...



#63 dTraderB

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Posted 09 December 2021 - 05:11 AM

4686.25 reopened


Closing ES HEDGE LONG  +25.5 points
Bank that now, the PUTS will take care of themselves late in December or next year. 
Will reopen  ES HEDGE LONG later or tomorrow or ...
 

 
ES HEDGE LONG  4676   reluctantly but system says so... risk off  in December
29 SPY PUTS
4 CRUDE short
nibbling in CRUDE
 

Record NQ DAYTRADE profit for 2021: 1247 points.

Losses in Unhedged 22 SPY PUTS as I built this position gradually during the day

Profits in QQQ CALLS, CLOSED ALL, just a few.

Fantastic day, huge NQ DAILY CANDLE, UP UP UP for most of the day. Trading is never easy but today NQ was quite enjoyable to trade, especially with unhedged SPY PUTS.

 


#64 12SPX

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Posted 09 December 2021 - 08:42 AM

Hmmmm had a feeling we'd remain down overnight, never know what will happen for the cash open so will put a profit stop at 4685 for the cash open but will sell right above.  Think we'll continue to see some volatility here!! 



#65 12SPX

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Posted 09 December 2021 - 09:36 AM

Saved space typing, profit stop was hit for a 6 point profit and starting my short rebuild at 4690...



#66 dTraderB

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Posted 09 December 2021 - 09:53 AM

Market a bit ragged... looks like ST TOPPISH action but aimless and crazy think markets, I think volume lower bit have not checked daily charts to verify

 

 

Hmmmm had a feeling we'd remain down overnight, never know what will happen for the cash open so will put a profit stop at 4685 for the cash open but will sell right above.  Think we'll continue to see some volatility here!! 



#67 dTraderB

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Posted 09 December 2021 - 09:54 AM

Bought 5 QQQ PUTS
new QQQ PUTS position

all OPTIONS are FEB or later, IN THE MONEY, I pay the extra premium, lessons learned from more than 2 decades of OPTIONS trading

Will add more above QQQ 403 ... . and more above 406 etc 

Unhedged but will add extra lot to NQ long trades, I may open a hedge NQ long before market closes if I hold more than 15 QQQ PUTS

Most likely remain unhedged for a while

 

Will add to SPY PUTS above 472 ... and higher if traded

 

4686.25 reopened
 

Closing ES HEDGE LONG  +25.5 points
Bank that now, the PUTS will take care of themselves late in December or next year. 
Will reopen  ES HEDGE LONG later or tomorrow or ...
 

 
ES HEDGE LONG  4676   reluctantly but system says so... risk off  in December
29 SPY PUTS
4 CRUDE short
nibbling in CRUDE
 

Record NQ DAYTRADE profit for 2021: 1247 points.

Losses in Unhedged 22 SPY PUTS as I built this position gradually during the day

Profits in QQQ CALLS, CLOSED ALL, just a few.

Fantastic day, huge NQ DAILY CANDLE, UP UP UP for most of the day. Trading is never easy but today NQ was quite enjoyable to trade, especially with unhedged SPY PUTS.

 



#68 dTraderB

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Posted 09 December 2021 - 10:03 AM

After the 2nd largest green day of 2021 for #ES_F, was looking for a dip/basing phase and its playing out.
Clearing the down-trendline from Nov high at 4640 triggered this run, now its all about defense
Plan today: Supports remain 4675,4645-40. 4640 holds, 4720, 4770 in play


#69 dTraderB

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Posted 09 December 2021 - 10:05 AM

I think ES could make a new weekly high today
 
 
 
 
 
Update: Nice defense of ~4675 yet again for #ES_F to open, and rally off it.
Price continues to base and coil nicely here (triangle) for a run to those 4720, 4770 targets, providing supports keep holding

Edited by dTraderB, 09 December 2021 - 10:05 AM.


#70 dTraderB

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Posted 09 December 2021 - 10:07 AM

I think it was MYSTERYBROKER who said market will not drop sharply once HOUSING is near highs

 

 
 
 
 
 
 
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Nice breakout confirm. Check out some of the weaker homies playing catch-up. $ITB