Member
Posted 17 December 2021 - 09:23 AM
with the breach of 16100 yesterday on NAZ, things could get dicey fast....
Unless bulls can reclaim that area fast, NAZ may be just about to go over the falls...
A close under 15700 on the weekly chart would likely be no bueno....as momo picture looking pretty weak.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 17 December 2021 - 09:46 AM
Well that was easy, average long 4650 lol!! Sit on that for a bit....
Member
Posted 17 December 2021 - 10:16 AM
Did I mention 2018 a couple weeks ago lol. Funny the bulls have grown silent.....
Member
Posted 17 December 2021 - 10:52 AM
How exciting!! Nasdaq going green, are we gonna get a turnaround Friday, maybe there really is a Santa Claus lol!!
Member
Posted 17 December 2021 - 10:55 AM
And there's the pivot at 15700...right where expected...now bulls have to hold it....
Failure to do so could have dire consequences.....
momo is waning......
Edited by K Wave, 17 December 2021 - 10:56 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 17 December 2021 - 11:20 AM
As I was putting in my profit stop at 4651 I was taken out for a 1 point profit but starting my new long build at 4650!!!
Member
Posted 17 December 2021 - 11:23 AM
Okay, the time for settlements for the Dec index options and index future options just passed, the market should return to business as usual. It's quite a week!
Edited by redfoliage2, 17 December 2021 - 11:31 AM.
Member
Posted 17 December 2021 - 11:50 AM
Just so you know the settlement is figured out in about 2 minutes on average after the open. The big problem is because it is the first trade of each stock you can get massive swings in settlements at times and the reason why 99.9% of people are out of their trades before hand. I know that's an exaggeration but still lol!! SP500 December expiration settlement value was 4636.46. And just like that average long now 4635 lol!!
Member
Posted 17 December 2021 - 01:39 PM
Profit stop 4637 see how that goes, buy below!
Member
Posted 17 December 2021 - 01:42 PM
Well that didn't hold long, out for 2 point profit and back in long again at 4635, working my way down I guess lol!!
