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FF 2022: SPX up 10% - down, up, down big, year-end rally


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#11 redfoliage2

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Posted 03 January 2022 - 11:52 AM

The market had been held up at a top for various reasons before the end of 2021, and now for the same reasons it's going to be sold.  Time for mean reversion................


Edited by redfoliage2, 03 January 2022 - 12:00 PM.


#12 dTraderB

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Posted 03 January 2022 - 12:25 PM

Those incomplete DAILY ENGULFING NQ & ES CANDLES will tell us the direction of the next ST & possibly IT move in the markets. 

Today's NQ DAILY CANDLE looks quite bullish, so far.

 

ES still looks bearish but many more hours to go before we get a complete DAILY candle. 



#13 dTraderB

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Posted 03 January 2022 - 12:26 PM

One more new ATH, I think, before a multi-day decline,

 

The market had been held up at a top for various reasons before the end of 2021, and now for the same reasons it's going to be sold.  Time for mean reversion................



#14 dTraderB

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Posted 03 January 2022 - 12:28 PM

Deja Vu for #ES_F to start 2022: First trading day of 2021 also started with ES holding up overnight then plunging between 9am-10am (closed the day red then rallied the next 4 ES held 4740-45 support & will need to hold/rally direct now. Today's lows fail we likely see 4713-4700
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Extra Note: As posted price obviously just basing since Dec 28th which means most this action just noise between 4765-4800. Bulls want to hold 4765 to keep bulls in control of this base. It fails we begin lower to 4740-45 1st support with 4713-4700 *last chance* zone for bulls


#15 dTraderB

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Posted 03 January 2022 - 12:29 PM

Want to step back a but and observe this market..... for a few minutes before resuming trading



#16 12SPX

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Posted 04 January 2022 - 09:06 AM

Surprised tech isn't being affected very much by these rising rates this time around but nonetheless still waiting, added to my short now sitting at 4758!!  Calls continue to hold onto their extreme bullish levels surprised it hasn't broken the market yet but I guess were still technically in the santa rally lol!!   



#17 redfoliage2

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Posted 04 January 2022 - 10:23 AM

Currently VIX going up with SPX up, not a bullish setting for SPX, and it may close in red today ....................


Edited by redfoliage2, 04 January 2022 - 10:28 AM.


#18 redfoliage2

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Posted 04 January 2022 - 01:02 PM

Interesting to see that selling started from ATH, it looks a pump and dump game..................


Edited by redfoliage2, 04 January 2022 - 01:08 PM.


#19 12SPX

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Posted 04 January 2022 - 02:10 PM

Even more interesting is that calls havn't given up any of their excessive bullishness and puts are barely up even with the Nasdaq down so much!! 



#20 redfoliage2

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Posted 04 January 2022 - 04:07 PM

Currently VIX going up with SPX up, not a bullish setting for SPX, and it may close in red today ....................

SPX formed a bearish spinning top candlestick with VIX a gravestone at the bottom - I see a bearish reversal is in the cards for SPX, albeit intra-day pumping and dumping moves  .................


Edited by redfoliage2, 04 January 2022 - 04:16 PM.