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BOUNCE & PLUNGE: waiting for the last dance & for the music to stop


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#281 dTraderB

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Posted 26 January 2022 - 02:11 PM

Opened new SPY PUT POSITION

5 APRIL 

 

Will add more gradually ... patiently

 



#282 K Wave

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Posted 26 January 2022 - 02:15 PM

now question is on TSLA, can they blow it back above 1K after earnings and get a creek jump, or does it come back under the 960 breakout and collapse....

 Maybe doesn't even make it to the close above 960??swoon.gif


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#283 K Wave

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Posted 26 January 2022 - 02:18 PM

Remember Rusty 2K super important pivot now....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#284 12SPX

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Posted 26 January 2022 - 02:19 PM

Starting a long build at a nice even 4400....



#285 K Wave

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Posted 26 January 2022 - 02:20 PM

Softee still being held in check...

 

Back below 300 trouble, and potentially big trouble below 295

 

msft.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#286 redfoliage2

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Posted 26 January 2022 - 02:23 PM

I had to take profit on the ES calls.  Now it looks possible that bears may resume attack tomorrow as the Fed still going to start rate hiking soon...........................


Edited by redfoliage2, 26 January 2022 - 02:25 PM.


#287 12SPX

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Posted 26 January 2022 - 02:26 PM

profit stop 4410....



#288 K Wave

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Posted 26 January 2022 - 02:28 PM

TSLA did manage to hold 960....HUGE pivot set there now....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#289 12SPX

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Posted 26 January 2022 - 02:32 PM

As I said at the start of the year lots of volatility, meaning bulls and bears will be equal this year....  Took profits at 4420 for a 20 point gain since he's gonna be taking questions soon.....



#290 K Wave

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Posted 26 January 2022 - 02:32 PM

IF...a Breakout/Fakeout were about to complete on BRK after the initial hold (which often happens), this is about the place when would be most likely.

 

If they blow this area out upside, then fakeout risk drops dramatically, and instead meltup possible after successful back test of breakout.

 

Critical area dead ahead....

 

brk.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy