Jump to content



Photo

UP ES 4250-4300 then big AUGUSTG REVERSAL


  • Please log in to reply
61 replies to this topic

#11 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 12,044 posts

Posted 01 August 2022 - 06:35 PM

NQ LONG HEDGE 12960

Now holding 2 NQ HEDGE LONG & 1 ES HEDGE LONG

 

Just opened that second NQ HEDGE LONG mainly for those TESLA PUTS!   Wild day for TESLA and big profits on those very expensive 17 PUTS! 

Partially hedging with second NQ LONG, but very slow trading in SPY & QQQ PUTS this week. I closed 6 SPY and 4 QQQ. 

 

Took profits on TLT CALLS, now holding only 24.   UVXY not moving enough convince me to add as I wanted, holding 18. 

 

Markets should drift a bit lower but it is about ready to launch the next leg UP to ES 4250/4300

 

However, there is the PELOSI/TAIWAN issue, the UKRAINE/RUSSIA/GAS/EU issue etc etc, and many more geopolitical issues than can influence big moves on the markets. 

 

 

 

 

 

 

 

 

It is my HIGH RISK TRADE so I paid a bit more for OCT expiry -- basically the market will be down sometime between now and October expiry and TESLA will be down from insanely high levels when the general market is down

 

 

I also bought some TSLA puts - the highly inflated TSLA stock is likely to go down 10% and its factory in Shanghai may get problems in the case a war erupts there as rumor going around that Chinese military is planning for .....................

 



#12 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 12,044 posts

Posted 01 August 2022 - 06:44 PM

Good chart from @Braczyy

 
 
$SPY Small rejection at the supply today that was given over the weekend Will be a tough spot to break

 

brac-spy.jpg



#13 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 12,044 posts

Posted 01 August 2022 - 06:46 PM

I think it goes down to about 4080 or a bit lower and then bounce ....

 

Chop day today as posted this morning in #ES_F: 4105 is critical support and just tested yet again and bounced a good 20 points. 4105-4135 is noise 4105 likely getting weak now though after a few tests & more likely to cave to 4080. >4135 triggers upside now to 4155 then 4200
Quote Tweet
 
 
 
 
 
 
ZVBuToeP_mini.jpg
 
Adam Mancini
 
@AdamMancini4
· 6h
Bulls came 9 points shy from 4155 resistance/target #2 today in #ES_F, before running out of steam after 3 big green days and reverting to 4105-4135 chop zone mentioned this morning. Noise area Will be key 4105 holds to keep 4155, 4200 in play & stop sell to 4080, 4055 1st twitter.com/AdamMancini4/s…


#14 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 12,044 posts

Posted 01 August 2022 - 06:49 PM

Backed off slightly but still in the reversal zone; it can remain there for a while; overbought & oversold levels are in the eyes of the beholder and can cause huge losses for those who believe it is a great indicator to trigger a trade!

 

McClellanOsc_1353.gif

 

https://www.mcoscill...t_breadth_data/



#15 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 16,131 posts

Posted 01 August 2022 - 10:06 PM

It now looks a war is imminent over Taiwan Strait .......................



#16 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 12,044 posts

Posted 02 August 2022 - 08:03 AM

No war, PELOSI arriving in TAIWAN in about an hour, 10am EST

AIR FORCE JET took a different route, east of the Phillipines, approaching TAWIAN from the east and not from the TAIWAN STRAIT S

 

It now looks a war is imminent over Taiwan Strait .......................



#17 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 12,044 posts

Posted 02 August 2022 - 08:05 AM

With reduced risk from PELOSI's visit, markets will bottom today and then rise into next week,   ES 4250 to 4300

 

but can overshoot higher or fail to reach this target

 

FA rules, politics more important in this era than TA



#18 dTraderB

dTraderB

    Member

  • Traders-Talk User
  • 12,044 posts

Posted 02 August 2022 - 09:08 AM

closing TESLA PUTS ..... big position, may hold about 2 to 3 



#19 brucekeller

brucekeller

    Member

  • Traders-Talk User
  • 1,125 posts

Posted 02 August 2022 - 09:25 AM

I had flipped bullish because of that pretty big volume on the lows of the futures. ES even had more volume at that low than at open.



#20 K Wave

K Wave

    Member

  • Traders-Talk User
  • 13,505 posts

Posted 02 August 2022 - 09:45 AM

Watching TSLA here as looks like blowoff completed yesterday.

 

Next time back under 900, perhaps the rollover begins


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