SPX 4690 support didn't hold, now let's if the next support at SPX 4671 will hold or not .................
Edited by redfoliage2, 06 January 2022 - 10:14 AM.
FF 2022: SPX up 10% - down, up, down big, year-end rally
Started by
dTraderB
, Jan 02 2022 09:15 AM
93 replies to this topic
#62
12SPX
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Posted 06 January 2022 - 10:10 AM
This is getting fun, average long now 4680...
#63
12SPX
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Posted 06 January 2022 - 10:28 AM
Profit stop 4685 see if this one sticks!!
#64
12SPX
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Posted 06 January 2022 - 10:36 AM
profit stop 4690, buy below
#65
dTraderB
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Posted 06 January 2022 - 10:45 AM
Closed a few SPY PUTS, not any QQQ PUT
Will hold all 3 NQ & 2 ES hedge longs and add more PUTS
Yeah, that 4660-65 level is strong support. I think it will be tested within a week, most likely today or tomorrow
Update: There's the bounce of 4660 in #ES_F - very good level to level action today and nice 25 point pop right off it. Bulls will need to run here with same upside targets as listed this morning now (4708, 4745). That 4660 zone goes its quite a ways down
#66
redfoliage2
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Posted 06 January 2022 - 11:00 AM
SPX 4690 support didn't hold, now let's if the next support at SPX 4671 will hold or not .................
The support at SPX 4670 needs to hold by the close today and tomorrow to be sure or the bounce may not last for long ........................
Edited by redfoliage2, 06 January 2022 - 11:06 AM.
#67
12SPX
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Posted 06 January 2022 - 11:09 AM
profit stop hit at 4690 for a 10 point profit, but started my long build again at 4690 lol!!!
#68
dTraderB
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Posted 06 January 2022 - 12:20 PM
Paranoid mindless market last 2 hours or so. Even scalping 1-minute bars is difficult
profit stop hit at 4690 for a 10 point profit, but started my long build again at 4690 lol!!!
#69
dTraderB
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Posted 06 January 2022 - 12:22 PM
The top & low limit of this trading zone: ES 4710 to 4660
Breakout one way or the other today will be decisive
SPX 4690 support didn't hold, now let's if the next support at SPX 4671 will hold or not .................
The support at SPX 4670 needs to hold by the close today and tomorrow to be sure or the bounce may not last for long ........................
#70
dTraderB
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Posted 06 January 2022 - 12:25 PM
a worried DALY out in the public domain is not good for the bullish case
DALY: INFLATION HAS BEEN HIGHER THAN I'M COMFORTABLE WITH FOR A LONG TIME
DALY: INFLATION IS A REPRESSIVE TAX; I TAKE IT REALLY SERIOUSLY
DALY: INFLATION HAS BEEN HIGHER THAN I'M COMFORTABLE WITH FOR A LONG TIME
