Jump to content



Photo

BARRON'S 2nd-lowest % BULLS: "That is not a contrarian buy signal"


  • Please log in to reply
462 replies to this topic

#431 K Wave

K Wave

    Member

  • Traders-Talk User
  • 27,379 posts

Posted 29 April 2022 - 01:24 PM

Below 880 puts TSLA back into the drop zone....


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

 

 


#432 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 17,796 posts

Posted 29 April 2022 - 01:25 PM

Very tired, only 3 to 4 lots NQ daytrading until 4pm

 

Bought more INDA, XLF, NVDA, QQQ ^ SPY CALLS

 

NFLX  CALLS



#433 K Wave

K Wave

    Member

  • Traders-Talk User
  • 27,379 posts

Posted 29 April 2022 - 01:29 PM

 

BUT, the longer ES trades below 4200 there is a higher probability of a close today below 4150, and even below 4100 ( below 4100?... ?)  

OTH, If BULLS can recapture ES 4200 then a face-ripping rally in final hour is possible.  

 

4200 remains the week long magnet in #ES_F, and bulls managed to put in a 25 point there bounce before caving Every other dip below this week has saw a violent snapback rally and so far, this is struggling to break also. Pop above 4200 here would trigger Friday afternoon squeeze
 

 

Yep, for bears pretty much hard down tankage, or bulls gonna strike back...

 

Since these kind of sentiment things often end in panic, not ruling that out until bulls can show me they can actually hold onto a pivot level for more than brief moment

 

So far the only close to that is MSFT, so watching it closely for more clues...

Nothing more bearish than a failed floor recapture....

But if holds 280 and turns back up, could be first clue bears are nearly out of bullets


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

 

 


#434 kaiser soze

kaiser soze

    Member

  • Traders-Talk User
  • 884 posts

Posted 29 April 2022 - 01:29 PM

AMZN 2461 support broken, now at 2455.  But Qs and Spooz not reacting too negatively (yet). 



#435 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 17,796 posts

Posted 29 April 2022 - 01:33 PM

For the 1st time this week #ES_F is seeing sustained pressure below 4200. It just tried to bounce to claim it and unlike previous times this week, rejected This means 4150 coming next, which is final support before next leg down. With 4hr RSI(5) oversold, it likely bounces 1st
Quote Tweet
 
 
 
 
 
 
ZVBuToeP_mini.jpg
 
Adam Mancini
 
@AdamMancini4
· 4h
We continue to make the trip between 4200 & 4250+ trapping bulls and bears as we continue to build a base. #ES_F now coming back into the 4215-4200 critical, week-long support

 

 

BUT, the longer ES trades below 4200 there is a higher probability of a close today below 4150, and even below 4100 ( below 4100?... ?)  

OTH, If BULLS can recapture ES 4200 then a face-ripping rally in final hour is possible.  

 

4200 remains the week long magnet in #ES_F, and bulls managed to put in a 25 point there bounce before caving Every other dip below this week has saw a violent snapback rally and so far, this is struggling to break also. Pop above 4200 here would trigger Friday afternoon squeeze
 

 

 

For the 1st time this week #ES_F is seeing sustained pressure below 4200. It just tried to bounce to claim it and unlike previous times this week, rejected This means 4150 coming next, which is final support before next leg down. With 4hr RSI(5) oversold, it likely bounces 1st
Quote Tweet
 
 
 
 
 
 
ZVBuToeP_mini.jpg
 
Adam Mancini
 
@AdamMancini4
· 4h
We continue to make the trip between 4200 & 4250+ trapping bulls and bears as we continue to build a base. #ES_F now coming back into the 4215-4200 critical, week-long support


#436 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 17,796 posts

Posted 29 April 2022 - 01:36 PM

New CRUDE LONG position

104.64

 

Small position to start



#437 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 17,796 posts

Posted 29 April 2022 - 01:47 PM

Closed

50 points profit

 

New CRUDE LONG position

104.64

 

Small position to start



#438 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,730 posts

Posted 29 April 2022 - 01:47 PM

Boy oh boy this is easy, average long 4183, gonna go play tennis, should be a fun final hour, crash crash crash lol!!!



#439 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 17,796 posts

Posted 29 April 2022 - 01:48 PM

KATY BAR THE DOOR! 

until 4pm, at least!

 

Could drop below ES 4100



#440 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,730 posts

Posted 29 April 2022 - 01:52 PM

Am starting a new ndx long at 12900, have a good weekend everyone....