Jump to content



Photo

Super Critical WEEK! DOWN then UP - AUGUST rally


  • Please log in to reply
116 replies to this topic

#71 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 17,719 posts

Posted 28 July 2022 - 07:19 AM

Markets down from high yesterday... still, I expect a rally to about 4250-4300 ES

 

I may reopen QQQ & SPY CALL positions.... but this will be HIT & RUN trading, with focus on daytrading, and start a new  BIG PUT POSITION if market trades above ES 4150

 

Holding big TLT CALL position, building UVXY CALL position as market rallies

focusing on NQ daytrading to add a % or two or more to NET ACCOUNT gains for JULY 



#72 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 17,719 posts

Posted 28 July 2022 - 07:20 AM

Yesterday, my targets in #ES_F were 4k, 4040 & we hit 4040 precise. Importantly, #ES_F broke out of its main downtrend at 3985. Today, bulls find out if it was "real" Plan today: As long as 3985-80 holds, 4045, 4075-90 in play. >4025 triggers up. 3980 fails, sell to 3945, 3895
Quote Tweet
 
 
 
 
 
 
ZVBuToeP_mini.jpg
 
Adam Mancini
 
@AdamMancini4
· 17h
Breakout in #ES_F & its clearing its core downtrend line from the March highs, which would end the downtrend. My targets today were 3975, 4k, 4040 and great follow through. Manage risk now Now that its broken, its *critical* 4k-3985 lowest holds on dips, or this was bull trap twitter.com/AdamMancini4/s…


#73 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 17,719 posts

Posted 28 July 2022 - 07:21 AM

The FALL rally is being baked in, especially when GERMANY bring back NUCLEAR ENERGY facilities onstream....  

GERMAN CABINET AGREES GAS STORAGE FACILITIES MUST BE 95% FULL BY NOVEMBER 1ST (VS 90% PREVIOUSLY), 75% FULL BY SEPTEMBER 1ST - ECONOMY MINISTRY.



#74 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 17,719 posts

Posted 28 July 2022 - 07:23 AM

Rally into end of JULY but choppy.... 

 

 
 
 
 
 
3wpMXsiu_normal.jpg
 
Well that sucks! After a 2%+ FOMC day advance going back to 2008 (11 occurrences) $SPX was up the following day only 3 times. The average return was -1.2% $SPY
 
 
 
 
 
3wpMXsiu_normal.jpg
 
Well that sucks! After a 2%+ FOMC day advance going back to 2008 (11 occurrences) $SPX was up the following day only 3 times. The average return was -1.2% $SPY


#75 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 17,719 posts

Posted 28 July 2022 - 07:25 AM

Smart BEARS took profits and turned bullish.... stupid BEARS still hoping....  do not!  BIG DROP later, just trade it now.... 

 

AAII bulls -2 to 27.7. Bears -2 to 40.1. 4 wk ma of bears now lowest since April.


#76 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,700 posts

Posted 28 July 2022 - 07:53 AM

Looks like yesterday turned out exactly as I said it would!  I'd be shocked to see another increase in rates from here and bonds are going to float for quite awhile!!  GDP report looks interesting to but one thing I know d is that both bulls and bears are getting burned everywhere with this grind market.  One thing I couldn't resist is starting a short build at 4020 even though my holiday starts in a few hours lol!!  I always have my phone and lap top anyhow lol!! 



#77 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,700 posts

Posted 28 July 2022 - 08:30 AM

And just like that, average short 4025 see where we go from here, gonna be a fun when the cash market starts!!! 



#78 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 18,066 posts

Posted 28 July 2022 - 08:47 AM

AMZN likely to miss .......................



#79 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,700 posts

Posted 28 July 2022 - 08:47 AM

Well isn't that interesting.... barely trading but still hitting it lo!!  Profit stop 4020, sell above, grind baby grind!!! 



#80 12SPX

12SPX

    Member

  • Traders-Talk User
  • 12,700 posts

Posted 28 July 2022 - 08:55 AM

Well something just happened hmmmmm, profit stop 4010!!