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The Elusive BOTTOM - bulls floundering as QT begins


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#21 12SPX

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Posted 06 June 2022 - 08:45 AM

As I've said forever grind grind grind especially now that were moving into summer months and no one knows where anything is going but sentiment is super bearish so it helps the downside.  The upside however is getting very expensive for call options as real money is obviously getting a little to busy so maybe we will get up to 4400 but again, won't be in a straight line especially if bonds remain around that 3% level!! 



#22 12SPX

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Posted 06 June 2022 - 08:50 AM

Out for a 3 point profit, back in long at 4140!! 



#23 redfoliage2

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Posted 06 June 2022 - 08:53 AM

This is going to be a classic day, and dips will be bought quickly.  VST we are going to see SPX above 4200  ......................


Edited by redfoliage2, 06 June 2022 - 08:58 AM.


#24 12SPX

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Posted 06 June 2022 - 08:54 AM

profit stop 4143....



#25 12SPX

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Posted 06 June 2022 - 09:00 AM

out for a 3 point profit, didn't pull back again, oh well...



#26 12SPX

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Posted 06 June 2022 - 09:08 AM

starting a short build at 4166....



#27 12SPX

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Posted 06 June 2022 - 09:10 AM

profit stop 4165



#28 12SPX

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Posted 06 June 2022 - 09:13 AM

Out for 1 point, back in building a short at 4166



#29 12SPX

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Posted 06 June 2022 - 09:17 AM

Darn putting on 4160 ps and taken out for 6 points...sell above a bit more again...



#30 K Wave

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Posted 06 June 2022 - 09:38 AM

FDX still looking like it might just turn a BIG corner, and lead the way out.

 

IF it can pop back above the 200, could mean the recent lows may hold for a while...

 

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