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RALLY Potential top ES 4100-50, down again


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#151 12SPX

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Posted 03 November 2022 - 09:48 AM

profit stop 3740, buy below....



#152 12SPX

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Posted 03 November 2022 - 10:18 AM

Out for a 5 point profit, back in with a long build at 3835...



#153 12SPX

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Posted 03 November 2022 - 10:42 AM

profit stop 3736, buy below....



#154 K Wave

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Posted 03 November 2022 - 10:58 AM

Softy joins Google below the "THE BOTTOM" candle.....one by one...

 

soft.png


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

 

 


#155 K Wave

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Posted 03 November 2022 - 11:01 AM

Dow still being held up until UNH and GS break hard...

 

Under 540 on UNH would be first real hint of possible trouble...


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

 

 


#156 12SPX

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Posted 03 November 2022 - 11:02 AM

out for 1 point and back in at 3735 starting a long build!! 



#157 12SPX

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Posted 03 November 2022 - 11:17 AM

There goes the Dow into the green, profit stop 3736....



#158 dTraderB

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Posted 03 November 2022 - 11:27 AM

Es 3750
Nq 10815
2nd hedge shorts

As posted, higher than usual hedging as geopolitical situation worsens.

Will also place 3 to 4 SELL STOP ES AND NQ ORDERS at least 1% below the current DAILY market lows, and adjudt up or down.

Building big TECH & ETF LONG positions, also SPY & QQQ CALLS. Will place STOP LOSS ORDERS ON THESE.

What worries me more than the markets, FED etc is the unstable geopolitical situation
NO KOREA firing missiles every night.... 
 
Will open 1 NQ & 1 ES hedge Short
 
Net account loss of 1.47% today as I loaded on LONGS - mainly AMZN, GOOGL, META, and later AAPL -  after the 3850-55 zone support was taken out. 
 
I expect this drop today to be ST, possibly ending tomorrow or Friday but there is now the higher probability of this latest leg down lasting for more than 2 to 3 days. It could drop below the current 2022 LOWS. 
 
I will try to manage this SHORT position with bigger HEDGES but will add more SHORTS if markets continue to drop below ES 3700
 
Basically, I want to be prepared to HEDGE more than I usually do if this drop intensifies and lasts more than a 2 to 3 days. 
 
 



#159 dTraderB

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Posted 03 November 2022 - 11:33 AM

HIGH PROBABILITY OF Post midterm crash or BIG DROP
UNLESS FED dials back some of that reckless ULTRA HAWKISH talk.

I am calling for a devastating crash in the US equity markets thru the end of this week.
 
I believe that the speech by Powell today was a crystal clear statement that he is going to put the US into a recession.
 
Of particular concern being the statement where he indicated that he would over shoot on the rate increases and then pull back as needed. 
 
thats the straw that breaks the Camels back ........



#160 dTraderB

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Posted 03 November 2022 - 11:36 AM

Chinese & Hang seng stocks now weaker ...
Problems in that region not all economic and financial

Es 3750
Nq 10815
2nd hedge shorts

As posted, higher than usual hedging as geopolitical situation worsens.

Will also place 3 to 4 SELL STOP ES AND NQ ORDERS at least 1% below the current DAILY market lows, and adjudt up or down.

Building big TECH & ETF LONG positions, also SPY & QQQ CALLS. Will place STOP LOSS ORDERS ON THESE.

What worries me more than the markets, FED etc is the unstable geopolitical situation
NO KOREA firing missiles every night.... 
 
Will open 1 NQ & 1 ES hedge Short
 
Net account loss of 1.47% today as I loaded on LONGS - mainly AMZN, GOOGL, META, and later AAPL -  after the 3850-55 zone support was taken out. 
 
I expect this drop today to be ST, possibly ending tomorrow or Friday but there is now the higher probability of this latest leg down lasting for more than 2 to 3 days. It could drop below the current 2022 LOWS. 
 
I will try to manage this SHORT position with bigger HEDGES but will add more SHORTS if markets continue to drop below ES 3700
 
Basically, I want to be prepared to HEDGE more than I usually do if this drop intensifies and lasts more than a 2 to 3 days.