Trannies now back below the big floor after the 4 hour failure....
I would be real careful with levered longs here....
This is where rapid rupture "could" happen
The Elusive BOTTOM - bulls floundering as QT begins
Started by
dTraderB
, Jun 05 2022 06:13 PM
263 replies to this topic
#201
K Wave
-
- Traders-Talk User
- 27,419 posts
Member
Posted 09 June 2022 - 02:53 PM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#202
K Wave
-
- Traders-Talk User
- 27,419 posts
Member
Posted 09 June 2022 - 02:57 PM
As long as SOX below 3K, still very dangerous waters.
If it climbs out back over 3K. might be a decent buy for a bit.
But tomorrow's number could just as easily crash it in this configuration...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#203
pdx5
-
- Traders-Talk User
- 9,530 posts
I want return OF my money more than return ON my money
Posted 09 June 2022 - 03:20 PM
I am thinking to accumulate long index funds tomorrow if data looks bad for bools.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#204
linrom1
-
- Traders-Talk User
- 4,042 posts
Member
Posted 09 June 2022 - 04:16 PM
I am thinking to accumulate long index funds tomorrow if data looks bad for bools.
\\
Everything up on Monday? That's per Tim Bost.
Edited by linrom1, 09 June 2022 - 04:16 PM.
#205
dTraderB
-
- Traders-Talk User
- 17,796 posts
Member
Posted 09 June 2022 - 07:32 PM
Will do that via SPY CALLS
will buy some more SPY CALLS tomorrow if lower than today's CLOSE
I am thinking to accumulate long index funds tomorrow if data looks bad for bools.
\\
Everything up on Monday? That's per Tim Bost.
#206
dTraderB
-
- Traders-Talk User
- 17,796 posts
Member
Posted 09 June 2022 - 07:35 PM
closed 2nd ES HEDGE SHORT +137.25 points
Will hold remaining ES & NQ HEDGE SHORT
Calling it a night, too tired, could be a BIG FRIDAY!
#207
redfoliage2
-
- Traders-Talk User
- 18,101 posts
Member
Posted 10 June 2022 - 04:07 AM
How about this trade - sell on the rumor and buy on the news?
Edited by redfoliage2, 10 June 2022 - 04:09 AM.
#208
12SPX
-
- Traders-Talk User
- 12,733 posts
Member
Posted 10 June 2022 - 07:17 AM
Wasn't surprised to see little movement overnight after the washout late in the day yesterday. Good thing about that is its easy to bring your average down quick lol!! Didn't do much overnight for buys but do have an average long of 4050. Wait till after the CPI report to see what to do but I'm sure volatility is going to kick especially on how the bond market reacts to the number!!!
#209
12SPX
-
- Traders-Talk User
- 12,733 posts
Member
Posted 10 June 2022 - 07:35 AM
Looks like people don't like the number, average long drops quick to 4034 lol!!
#210
dTraderB
-
- Traders-Talk User
- 17,796 posts
Member
Posted 10 June 2022 - 07:39 AM
Closed ES HEDGE SHORT on this plunge!
Will reopen later
Holding 1 NQ HEDGE SHORT
RISK ON on this plunge, WILL ADD MORE LONGS
