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THE BOUNCE: Trappy & Treacherous, then retest 2022 LOW


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#41 K Wave

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Posted 16 May 2022 - 11:33 AM

Trannies downtrending on weaker attempts at 14.4 recapture...

 

may see some sort of decision soon here...


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

 

 


#42 12SPX

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Posted 16 May 2022 - 12:28 PM

Average long 4002, profit stop 4005.   Gotta admit I'm not much into posting on here today.  It is Monday and everyone is still wanting the end of the world to come.  Main point is higher market then Fridays close by next Friday so easy to buy when were in the red....



#43 K Wave

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Posted 16 May 2022 - 12:34 PM

Trannies tryin' to turn that big corner...see if we finally get a higher swing here...


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

 

 


#44 redfoliage2

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Posted 16 May 2022 - 12:44 PM

 

In this monthly OpEx week we should see SPX going higher, likely to 4150 - 4200 .............................

Just a consolidation today to digest the Friday's big gains ...........................

 

Consolidation is likely done.  Much higher to go for the week ...............................


Edited by redfoliage2, 16 May 2022 - 12:44 PM.


#45 K Wave

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Posted 16 May 2022 - 12:57 PM

Serious windup here.....


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

 

 


#46 dTraderB

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Posted 16 May 2022 - 01:19 PM

DULLLLLLLLLLLLLLLLLLLLLLLLLLLLLL                BORING....................

 

got to generate some more profits so I am closing dome UVXY PUTS that is down about 5% today

 

Otherwise, only NQ daytrading contributing significantly to daily profits



#47 12SPX

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Posted 16 May 2022 - 01:32 PM

Yes very boring, I'm looking a 50 point plus day lol!!  Profit stop now 4025 buy below, oh anddddd profit stop on my 4000 sold May put at 45.00 for a $ 5 profit if hit.  While I'm letting my 3800 and 3500 continue to lose premium my 4000 is just now showing a profit as premium tanks!!  I'm very sure we'll be above 4000 on Friday why take the risk just in case when there is a profit there.  You never know may resell if hit lol!! 



#48 12SPX

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Posted 16 May 2022 - 01:36 PM

Actually lets make it 4035 as we move into the final hour soon....



#49 12SPX

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Posted 16 May 2022 - 01:49 PM

Out for a 33 point profit, total, 59 points so far.  Buy in the final hour....



#50 redfoliage2

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Posted 16 May 2022 - 02:13 PM

It's just day traders taking their daily profit now .....................