whoops sorry that ndx trade was 200 points lol!!
A Sustainable LOW but HOW HIGH this BOUNCE? 5 to 10%
#281
Posted 26 May 2022 - 09:24 AM
#282
Posted 26 May 2022 - 09:57 AM
SPX 4050 likely the HOD..........................
Edited by redfoliage2, 26 May 2022 - 10:04 AM.
#283
Posted 26 May 2022 - 10:07 AM
can't resist, average short 4035, knew I shoulda stayed long lol!!
#284
Posted 26 May 2022 - 10:28 AM
Had to add more for an average short of 4040 now and think I'll sit on that for a bit!!
#285
Posted 26 May 2022 - 11:05 AM
We may get that ES 4100 today! or maybe ES 3950?
The usual HOLIDAY SEASONAL bullishness could drive this market up to at least ES 4100 by Friday 4pm
But, I cannot trust these rallies since sellers seem to be waiting for any significant rally to sell. So, VST trading & hedging
Yu may have a point there in the short term d as I mentioned 4000 yet and a nice even number. I'll wait until the cash open to see how much oomph there is. So far tech isn't joining in on this rally as much which is interesting..
#286
Posted 26 May 2022 - 11:13 AM
Yup true could shift fast but as I have said long was the play this week from 3900, I'll be shocked at the least if were not above that by the close tomorrow!!
#287
Posted 26 May 2022 - 12:08 PM
Not closing ANY CALLS, ETFs, STOCKS, SPREADs since early today. Also holding all 3 ES & NQ SHORTS.
Not adding any more HEDGE SHORTS, as yet. Will add another to existing 3 each if ES trades above 4080, nearer to 4100 - or I may decide to cut CALL positions by 25 to 50%. Depends on how much more NET profit I can eke out of the SPY & QQQ CALLS, with DELTA rising slowly and looking even more promising, but should flatten around these or slightly higher levels. I am tempted to bank existing profits - at least in UVXY PUTS, SPY & QQQ CALLS, and a few stocks partially closing. But, let it ride for a while until I the rally gets extended today -- SPX up by 2.3%, NQ by 3% so I wait to see if I can get another 0.5% up on these and then liquidate positions to maximize MAY 2022 return.
I will continue to close UVXY PUTS bit it has not crashed as I expected, still at 14.90. Will gradually close a few more and keep maybe 20 to 25
Will add an extra lot to NQ SHORT DAYTRADES.
#288
Posted 26 May 2022 - 12:09 PM
IN PROGRESS: a painful squeeze for bears....
#289
Posted 26 May 2022 - 01:10 PM
Likely a pullback on Friday.
Inflation data tomorrow and Bullard, the big Fed hawk is to speak 7:30 am .............
Edited by redfoliage2, 26 May 2022 - 01:16 PM.
#290
Posted 26 May 2022 - 01:12 PM
Afternoon consolidating, snooze session .... then explode higher!
HOWEVER, it is difficult to believe the SELLERS have gone away. Maybe, then need higher & higher prices to sell.
So, I am giving it at least a 40% probability they will SELL later today or tomorrow.