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RALLY Potential top ES 4100-50, down again


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#201 dTraderB

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Posted 04 November 2022 - 09:42 AM

Yeah, they want to send this market down...

 

FED'S COLLINS: LAGS IN MONETARY POLICY AFFECTING THE ECONOMY MAY BE SHORTER.

 

Not adding any hedge short, as yet, holding 2 ES & NQ short

Trimming a few LONGS but prefer to hold all or most

 

FED wants this market down, a major error, worse than their damaging error to delay hikes. 

FED'S COLLINS: RATES MAY NEED TO RISE MORE THAN I ANTICIPATED IN SEPTEMBER.

 

CHINA "opening up" rumors bullish for markets there, asian markets, global markets, also crude oil/nat gas

 

persistent Chinese "rumors"  indicate it has official backing

that is why markets there are zooming on 'rumors' during past few days

 

But, same "rumors" can crash markets when they want to do so

 

I only daytrade HANG SENG and CHinese markets



#202 redfoliage2

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Posted 04 November 2022 - 09:45 AM

China just reiterated that no change in its Zero-COVID policy.  Expect this fake news prompted ramp up to be sold soon .....................


Edited by redfoliage2, 04 November 2022 - 09:46 AM.


#203 redfoliage2

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Posted 04 November 2022 - 09:57 AM

China just reiterated that no change in its Zero-COVID policy.  Expect this fake news prompted ramp up to be sold soon .....................

Just another wishful thinking from bulls who don't understand Zero-COVID politics in China.  As a matter of fact currently COVID cases are on the rise in China with many local regions under lockdown there .....................


Edited by redfoliage2, 04 November 2022 - 10:01 AM.


#204 K Wave

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Posted 04 November 2022 - 10:22 AM

Hugely important battle for Rusty 1800 rages on....

 

IF bulls can hold here at 1800 back test and take it out the top and close the week over 1800...would be victory for them.

 

But if rusty stalls here at 5/15 min combo resistance, and takes out low of day, could be a lot different scenario...


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

 

 


#205 K Wave

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Posted 04 November 2022 - 10:28 AM

UNH 540 and GS 350 looking like key levels to watch on the 2 Big Kahunas of the Dow if some weakness should show up....


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

 

 


#206 K Wave

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Posted 04 November 2022 - 10:28 AM

Apple not well


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

 

 


#207 12SPX

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Posted 04 November 2022 - 10:48 AM

Back from shoveling snow and yuck!!!  Out for a 7 point profit on my ES trade and 50 points on my ndx.... hmmmmm  Starting my long build at 3742 and 10760....



#208 12SPX

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Posted 04 November 2022 - 10:51 AM

And just like that, average ES 3740 to smooth it out and 10,750....



#209 K Wave

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Posted 04 November 2022 - 10:54 AM

Rusty after the early morning visit in the boss's office in Suite 1800

 


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

 

 


#210 K Wave

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Posted 04 November 2022 - 10:55 AM

GS tryin to setup for the dreaded Twin Towers???

 

 

Again...350

 

gs.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