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The BOUNCE, then the PLUNGE, again


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#311 beta

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Posted 23 September 2022 - 10:32 AM

 

Qs should bottom around 275-276

 

 

Today's LOD so far is 274.  imho we've hit a short-term bottom as traders who caught Wed's Fed plunge will close out their positions.

 

This pattern is showing wave 3 characteristics.  Far more dangerous than most realize.

 

Keeping NDX puts and bot some AMZN to hedge.   Will look to add shorts near the close or Monday.

 

 

 

Bounce target is QQQ 285


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#312 dTraderB

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Posted 23 September 2022 - 10:37 AM

ES 3680 or lower next leg down -- 99% probability later today 



#313 dTraderB

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Posted 23 September 2022 - 10:49 AM

Finally... started new LONG in these 

 

Still not opened new NVDA and AMD positions,,,



#314 K Wave

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Posted 23 September 2022 - 10:51 AM

 

Qs should bottom around 275-276

 

 

Today's LOD so far is 274.  imho we've hit a short-term bottom as traders who caught Wed's Fed plunge will close out their positions.

 

This pattern is showing wave 3 characteristics.  Far more dangerous than most realize.

 

Keeping NDX puts and bot some AMZN to hedge.   Will look to add shorts near the close or Monday.

 

Do not be surprised if we are only at the halfway point on TSLA today...

 

That 15 min break is pretty bad, and this could just be intraday bear flag....

 

tsla.png


Edited by K Wave, 23 September 2022 - 10:51 AM.

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

 

 


#315 steadyquest

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Posted 23 September 2022 - 11:05 AM

Just above my daily target

 

https://www.traders-...ge-again/page-4



#316 dTraderB

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Posted 23 September 2022 - 11:12 AM

my high risk trade 

new position  3 TESLA 270 CALLS 

will add below 267

now 276



#317 dTraderB

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Posted 23 September 2022 - 11:14 AM

95% DVOL on $NYSE



#318 redfoliage2

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Posted 23 September 2022 - 11:16 AM

 

 

With the Fed meeting out of the way bears now have nothing to fear with selling in Sept - Oct.  It's very likely the June's low SPX 3650 to be tested before long.  If bulls want a bottom they got to wait to see how that low is to be tested, or it's like catching a falling knife  ....................

This is the time window for some big funds to do portfolio rebalancing.  I'd expect heavy selling in the next few days.....................

 

SPX 3750 visited today, but it's not a support.   There is a minor support at 3700.  Likely to be there tomorrow or early next week....................

 

 

So SPX 3700 visited today as I expected yesterday.  Now let's see if June's low 3640 can hold this time or Not .........................


Edited by redfoliage2, 23 September 2022 - 11:17 AM.


#319 dTraderB

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Posted 23 September 2022 - 11:16 AM

ES 3686.. down... down.. target minimum 3680

 

but could drop to 3650 or lower

 

it's FALL... falling...



#320 K Wave

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Posted 23 September 2022 - 11:18 AM

VIX over 30........


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