174 replies to this topic

[12SPX]

Took it off at 4537 for a 3 point profit, decided to keep it fresh for Sundays open, well that is unless I get filled at 4542 in the next few minutes

[dTraderB]

SEASONLITY is justifiably over-rated but this APRIL 1st bullishness is quite a good one. FOOLS rushing in to BUY? 

Added some of the PUTS I closed earlier and yesterday. 

Will hold all ES & NQ hedges. 

Added UVXY CALLS. UVXY was up more than 7% yesterday, down by about the same today, green briefly 

NOTE there is a new VIX ETF

 

Great final 2 days of a week that started badly. 

Good start in APRIL, traded with the market, up and down today, ended with a good profit. 

 

 

 

bounced 27 points

is it sustainable for rest of day?  maybe 60% and 40% it will close below 4500

will it slice thru ES 4500 and then 200ma 4475?

or bounce from ES 4500 and rally hard into end of day?

 

[dTraderB]

Michael Santoli

@michaelsantoli

·

Apr 5

 

The #MysteryBroker checks in to say he's unconcerned by the various Treasury yield curve inversions that have many on edge. History shows plenty of false signals and long lead times before a recession. The 3-mo/10-yr curve may invert early 2023, then maybe a year until recession.

Michael Santoli

@michaelsantoli

·

Apr 5

 

The #MysteryBroker expects another "nasty correction" probably July-Sept range. The Fed will have rates well higher, investors will fear over-tightening, credit/financials would get hit with cyclicals/commods. Tech would hold up better. Then "off to the races" higher by October.

 

[dTraderB]

Basically., it all depends on WHERE  ES closes today, at 4pm: above or below the 4490-4500 zone? 

above 4490-4500 zone: bullish

 

below 4440-45 zone:  bearish

 

between those two zones --- consolidating, chopping, then breakout 

 

 

 

 

 

 

 

 

 

Adam Mancini

 

@AdamMancini4

·

59m

 

Its been a sell the bounce day for #ES_F with every attempt to get back above resistance ~4590 failing. Basing at the lows now and ES has formed a bear flag for the last day Needs to get through 4445, but targets remain 4415-20, 4385-90. Both strong supports & a bottoming zone

Quote Tweet

 

 

 

 

 

 

 

Adam Mancini

 

@AdamMancini4

· 2h

Choppy balance day for #ES_F around the 4465-70 magnet. Its its now tried 3x to get back above that 4490-4500 200dma and failed - not ideal for bulls. Todays action looking like a bear flag now Unless bulls can get above that 4500, risk continues to be down to 4445 then 4415-20 twitter.com/AdamMancini4/s…

 

 

 

 

 

 

Adam Mancini

 

@AdamMancini4

·

59m

 

Its been a sell the bounce day for #ES_F with every attempt to get back above resistance ~4590 failing. Basing at the lows now and ES has formed a bear flag for the last day Needs to get through 4445, but targets remain 4415-20, 4385-90. Both strong supports & a bottoming zone

Quote Tweet

 

 

 

 

 

 

 

Adam Mancini

 

@AdamMancini4

· 2h

Choppy balance day for #ES_F around the 4465-70 magnet. Its its now tried 3x to get back above that 4490-4500 200dma and failed - not ideal for bulls. Todays action looking like a bear flag now Unless bulls can get above that 4500, risk continues to be down to 4445 then 4415-20 twitter.com/AdamMancini4/s…

[dTraderB]

Closing 5 SPY CALLS

banking profits.... 

Holding 7 TLT JUNE  CALLS, will add more, 

will open new UVXY CALLS below 12.4 if and when traded

 

will open new SPY PUTS position above 458 if and when traded

ditto for QQQ above 360 if and when traded

 

Will add to 4 FB PUTS