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BULLS last desperate stand: BEAR rules!


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#551 12SPX

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Posted 13 May 2022 - 11:51 AM

profit stop 4020



#552 12SPX

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Posted 13 May 2022 - 11:53 AM

profit stop 4015



#553 12SPX

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Posted 13 May 2022 - 11:53 AM

And out for a 15 point profit!! 



#554 dTraderB

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Posted 13 May 2022 - 12:03 PM

interesting but NOT NECESSARILY USEFUL fact:

 if ES 4055 trades today then it will be an amazing rally of 200 ES points in less than 2 days 

That daily ES chart looks extremely bullish, now above the 5-day  MA line

Today's GREEN DAILY CANDLE could be historic

 

ditto for NQ, even more amazing



#555 redfoliage2

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Posted 13 May 2022 - 12:08 PM

Is this just a one-day bear market bounce or something else?



#556 12SPX

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Posted 13 May 2022 - 12:14 PM

Hmmmmm amazing, I called it from the bottom and its really not rocket science, the market was just getting clocked in every way and its still trading like the world is ending although I was surprised to see how fast the calls flipped to being kinda pricey.  I'm talking most about expiration cycles as were so close now, after next Friday who knows, maybe you guys will get your 3500 level lol. 



#557 dTraderB

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Posted 13 May 2022 - 12:49 PM

close ES +28 points

 

closed NQ  +82 points

 

holding 5 each ES & NQ short hedges

 

 

NQ 12407

ES 4030

Hedge shorts

 

Getting to the point where I have to take profits, QQQ up 10, SPY near 9 

those CALL premiums too enticing.... 

holding 5 ES & NQ hedge shorts, may hold all over the weekend unless I close more than 20% of all my LONGS

 



#558 12SPX

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Posted 13 May 2022 - 12:57 PM

Starting a long build at 4000...



#559 dTraderB

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Posted 13 May 2022 - 12:57 PM

DOWN! DOWN!  let's retest ES 3950 so I can reopen CALLS closed!



#560 12SPX

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Posted 13 May 2022 - 01:07 PM

And just like that, average long 3990