SPX hourly over-bought conditions now corrected .............................
It should clear the road for further north ........................
BEAR MARKET rally -- Painful Squeeze almost over
Started by
dTraderB
, May 30 2022 07:57 PM
195 replies to this topic
#61
redfoliage2
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Posted 01 June 2022 - 10:39 AM
#62
dTraderB
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Posted 01 June 2022 - 10:44 AM
Spike up to above $140 highly probable during next month
This is likely the decision window on Crude now...
#63
dTraderB
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Posted 01 June 2022 - 10:45 AM
Pullback to 4000-4030 then rally
SPX hourly over-bought conditions now corrected .............................
It should clear the road for further north ........................
#64
dTraderB
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Posted 01 June 2022 - 10:46 AM
BUT.. .. "any good news" could start reversal immediately!
News, politics, geopolitics far more influential on markets this year
Pullback to 4000-4030 then rally
SPX hourly over-bought conditions now corrected .............................
It should clear the road for further north ........................
#65
dTraderB
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Posted 01 June 2022 - 10:47 AM
Agree XRT could trade below 50
but 7.41 in 2009 is not the same 7.41 in 2023
Okay folks one more Public Service Announcement: don't forget that XRT hit $7.41 in 2009.
#66
dTraderB
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Posted 01 June 2022 - 10:48 AM
I also missed most of this sudden NQ plunge
Did not believe BULLS would have surrendered so easily!
First day of the month, going up ...............
oops lol! I missed my short at 4165 by pennies lol!!!
#67
dTraderB
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Posted 01 June 2022 - 10:52 AM
The FED is a DISASTER-HAPPENING-NOW and not "waiting to happen"
SF Fed President Daly - who is generally more dovish among the FOMC members - expresses an importance to get to a 'neutral rate' which they see at 2.50% She supports a 50bp hike at both the June 15th and July 27th meeting pre-emptively
SF Fed President Daly - who is generally more dovish among the FOMC members - expresses an importance to get to a 'neutral rate' which they see at 2.50% She supports a 50bp hike at both the June 15th and July 27th meeting pre-emptively
#68
K Wave
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Posted 01 June 2022 - 10:53 AM
Giving Crude the full meal deal 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
#69
dTraderB
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Posted 01 June 2022 - 10:55 AM
adding more TLT CALLS, not holding 25
FLAT SPY & QQQ -- will start new CALL Position later today of decline continues -- or maybe sooner, start QQQ 300 or 295 CALLS, all SEP options, now at 305.4
SP CALLS 400 & 395 if it continues to drop, now at 407.8
#70
dTraderB
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Posted 01 June 2022 - 10:57 AM
Not rushing into it ....but RISK ON again in JUNE
adding more TLT CALLS, not holding 25
FLAT SPY & QQQ -- will start new CALL Position later today of decline continues -- or maybe sooner, start QQQ 300 or 295 CALLS, all SEP options, now at 305.4
SP CALLS 400 & 395 if it continues to drop, now at 407.8
