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The Elusive BOTTOM - bulls floundering as QT begins


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#71 dTraderB

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Posted 06 June 2022 - 01:35 PM

SELLING continues, only difference is sellers are waiting for higher prices

 

 
 
 
 
 
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Endless random chop in #ES_F continues as it waits on a catalyst (FOMC next Wed and CPI Friday are big ones). 4085-4180 remains the noise zone with 4135 the mid-pivot. I continue to favor it breaks up to test 4250ish, but bulls *must* hold 4085. >4135 triggers up direct
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Adam Mancini
 
@AdamMancini4
· 2h
Todays 1st target in #ES_F was 4165. It hit but couldn't break as we continue a week of basing into a triangle. 4085-4185 = choppy noise. An explosive move will come from this >4135 now needed to trigger a rally. Supports now 4100, then 4085 triangle support. Must hold for bulls
 
 
 
 
 
ZVBuToeP_normal.jpg
 
Endless random chop in #ES_F continues as it waits on a catalyst (FOMC next Wed and CPI Friday are big ones). 4085-4180 remains the noise zone with 4135 the mid-pivot. I continue to favor it breaks up to test 4250ish, but bulls *must* hold 4085. >4135 triggers up direct
Quote Tweet
 
 
 
 
 
 
ZVBuToeP_mini.jpg
 
Adam Mancini
 
@AdamMancini4
· 2h
Todays 1st target in #ES_F was 4165. It hit but couldn't break as we continue a week of basing into a triangle. 4085-4185 = choppy noise. An explosive move will come from this >4135 now needed to trigger a rally. Supports now 4100, then 4085 triangle support. Must hold for bulls


#72 K Wave

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Posted 06 June 2022 - 01:43 PM

rusty back up too 1895 zone....now we see if bull can punch through 1900 or not...

And that would be a no go on that attempt.

 

And now Trannies starting to look throwoverish at 14600...


Edited by K Wave, 06 June 2022 - 01:43 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

 

 


#73 dTraderB

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Posted 06 June 2022 - 02:28 PM

ARKK back on my main screen  -- candidate for CALLS

but must be below 40 

now at 43.3

 

Market at important pivot: if ES can form a LOW in the 4050 to 4125 range then it can rally at least 10%; if not then most likely there will be a new 2022 LOW with 3700 handle trading



#74 K Wave

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Posted 06 June 2022 - 02:29 PM

Just had somebody else WhatsApp me asking if I had bought a bunch of Amazon on the split....

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

 

 


#75 dTraderB

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Posted 06 June 2022 - 02:30 PM

NET GREEN in remaining NFLX CALLS and TESLA SPREAD ... gone now! 

 

 

ARKK back on my main screen  -- candidate for CALLS

but must be below 40 

now at 43.3

 

Market at important pivot: if ES can form a LOW in the 4050 to 4125 range then it can rally at least 10%; if not then most likely there will be a new 2022 LOW with 3700 handle trading



#76 dTraderB

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Posted 06 June 2022 - 02:30 PM

I will buy but I think today is an important pivot point -- in time & price

will wait

Just had somebody else WhatsApp me asking if I had bought a bunch of Amazon on the split....



#77 dTraderB

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Posted 06 June 2022 - 02:33 PM

Good volume in the JULY OPTION CHAIN

I may buy some the stock for LT Portfolio

a few CALLS in RISK PORTFOLIO

 

 

I will buy but I think today is an important pivot point -- in time & price

will wait

Just had somebody else WhatsApp me asking if I had bought a bunch of Amazon on the split....

 



#78 dTraderB

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Posted 06 June 2022 - 02:35 PM

Prefer AUGUST 120 or 125 CALLS 

 

 

Good volume in the JULY OPTION CHAIN

I may buy some the stock for LT Portfolio

a few CALLS in RISK PORTFOLIO

 

 

I will buy but I think today is an important pivot point -- in time & price

will wait

Just had somebody else WhatsApp me asking if I had bought a bunch of Amazon on the split....

 

 



#79 12SPX

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Posted 06 June 2022 - 02:42 PM

Going into the close going for a long build 4110!!!  



#80 12SPX

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Posted 06 June 2022 - 02:48 PM

And just like that got stopped out as I adjusted to a profit stop of 4120 for 10 points, try again at 4110 see if it hits