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ES 4250-4300 Resistance - Pullback, then up into end of AUGUST


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#171 dTraderB

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Posted 19 August 2022 - 09:19 AM

If it cannot bounce above ES 4245  & NQ 13325  then I will heavily short it - mainly DAYTRADES



#172 dTraderB

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Posted 19 August 2022 - 09:50 AM

During the past 11 5m ES candles BULLS tried to break out, failed

they may succeed in the 12th

 

That ES 4240-45 zone is now strong support/resistance

 

I think it will be broken later today and new daily lows below 4235

 

If it cannot bounce above ES 4245  & NQ 13325  then I will heavily short it - mainly DAYTRADES



#173 dTraderB

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Posted 19 August 2022 - 09:58 AM

Failed and as I said: hitting it hard with NQ short daytrades!

 

 

During the past 11 5m ES candles BULLS tried to break out, failed

they may succeed in the 12th

 

That ES 4240-45 zone is now strong support/resistance

 

I think it will be broken later today and new daily lows below 4235

 

If it cannot bounce above ES 4245  & NQ 13325  then I will heavily short it - mainly DAYTRADES

 



#174 dTraderB

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Posted 19 August 2022 - 10:10 AM

UVXY up almost 10%  -- actually less than an increase of 1 ... but I will close a few of the remaining CALLS 



#175 dTraderB

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Posted 19 August 2022 - 10:13 AM

There goes the rest of AAPL PUTS

Not holding on to any, prefer to take profits and close positions, clear the deck, take a few days off near end of August

 

 



#176 K Wave

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Posted 19 August 2022 - 10:35 AM

Pretty good initial thrust down in Rusty as it is once again leading down..

 

Big battle zone 1975-1980, so could see back test up to that area...


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

 

 


#177 beta

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Posted 19 August 2022 - 10:41 AM

There goes the rest of AAPL PUTS

Not holding on to any, prefer to take profits and close positions, clear the deck, take a few days off near end of August

 

 

Well done.  I think we see SPX 3950 before this is over.

 

I am mostly focused on NatGas and TBT.  Key drivers of equities.


Edited by beta, 19 August 2022 - 10:42 AM.

"Daytrading -- An Extreme Sport !"

#178 redfoliage2

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Posted 19 August 2022 - 10:50 AM

Expect a bounce from here....................


Edited by redfoliage2, 19 August 2022 - 10:52 AM.


#179 steadyquest

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Posted 19 August 2022 - 12:31 PM

There is a finished qqq daily count marked by the candles to better than 0.01%, starting with the extremes of the July 14th candle.

 

qqq-count.png



#180 steadyquest

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Posted 19 August 2022 - 01:30 PM

Correction - the fit is only better than 0.1% - 1 part in 1000 - not 1 part in 10,000.