Have a great weekend! Ugly week for #ES_F: 6 red days in a row & 1st 200dma loss this bull market. Daily RSI(5) though now extreme oversold most since Feb 2020. Relief bounce energy Plan Next Week: Drop to 4320-30 then bounce shot. 4430 now resistance-above we squeeze to 4530-40
BOUNCE & PLUNGE: waiting for the last dance & for the music to stop
#11
Posted 23 January 2022 - 05:49 PM
#12
Posted 23 January 2022 - 05:50 PM
Yeah, ST extremely oversold so I am expecting the bounce into the FED meeting, and then the decline resumes
#13
Posted 23 January 2022 - 05:54 PM
#14
Posted 23 January 2022 - 05:56 PM
Bullish poll
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424042.4%
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454057.6%
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424042.4%
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454057.6%
#15
Posted 23 January 2022 - 05:58 PM
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Hawkish13.5%
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Dovish40.1%
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Neither22.6%
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Just show me results23.8%
Bullish poll
#16
Posted 23 January 2022 - 05:59 PM
We end the week FLAT!
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UP50.3%
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DOWN49.7%
POLL: relative to what’s priced into markets, is “no hike in January, 25bps in March, no hike in May, 25bps in June” hawkish or dovish?
Hawkish13.5% Dovish40.1% Neither22.6% Just show me results23.8%1,185 votes·Final results
Bullish poll
#17
Posted 23 January 2022 - 07:05 PM
This guy has been calling for a market crash since a year ago, but the market still not crashed. I would give him another year to try .
More likely it was due to wild OpEx related activities. This is a very different market with option volumes much larger than stock volumes. Also Jan options were listed the earliest so the volumes even larger. Its said Jan OpEx clearance involved $3 trillions
Edited by redfoliage2, 23 January 2022 - 07:08 PM.
#18
Posted 23 January 2022 - 08:47 PM
Good bounce so far. 4 profitable NQ trades
That's it for tonight unless ALERTS triggered
SELL LIMIT orders placed
SELL 1 NQ 14650
SELL 1 CRUDE 86.20, 86.60, 87, 88
#19
Posted 23 January 2022 - 08:54 PM
#20
Posted 23 January 2022 - 08:59 PM
This guy has been calling for a market crash since a year ago, but the market still not crashed. I would give him another year to try .
More likely it was due to wild OpEx related activities. This is a very different market with option volumes much larger than stock volumes. Also Jan options were listed the earliest so the volumes even larger. Its said Jan OpEx clearance involved $3 trillions
With the Jan OpEx gone a new options cycle begins Monday with business back as usual ..........................