474 replies to this topic

[dTraderB]

Below is true but old news... i have been long since late november, went short late January. Partially hedged... waiting...
ES 4090 TO 4105 IS KEY SUPPORT ZONE. A RETEST should inform me where next the market goes.

The market is tactically in a strong uptrend:

Above 200-day moving average

Above macro downtrend line

A rising channel

Above key support of 3900

[dTraderB]

Same strategy ... wait, watch...daytrade small size until a clearer picture emerges

Taking my time today, as it was a restless night.  Interesting that the market started the night session down so much yesterday and more this morning.  Decided to take the rest of my profits on my shorts at 4010 before the cash open for a 45 point profit will wait to see how the cash open goes before even possibly going long.  Bonds are really backing up here and put options not that pricey so we could see more downside, see how it goes after the open....

[dTraderB]

2nd NQ HEDGE LONG 12495

[dTraderB]

Not new info but emphasizing current market status:


Damon Pavlatos (@DamonPavlatos) tweeted at 9:46 AM on Mon, Feb 06, 2023:
The ES failed to hold it's gains selling off & closing near the lows. The ON sessions continued lower. We may need to fill in the cave below before we turn up. The rally off the FOMC was a bit too much/too fast. 4090 would fill the cave in. Pivot=4136 #ES_F $SPY $QQQ #NQ_F

[12SPX]

Looking closer now that I've had a cup of coffee, call options are still way overpriced and puts barely higher, very interesting!!  Looks like we may start a bit higher on the open but might just see more downside, hmmmm

[dTraderB]

Yeah..

Adam Mancini (@AdamMancini4) tweeted at 9:14 AM on Mon, Feb 06, 2023:
Last week, #ES_F broke the 4095 level after FOMC, squeezing 120 points. I posted dip likely to back test it, and got to 4106 over night. For the immediate breakout to continue, 4095 must hold above today

Plan today: 4110, 4095=supports. >4128 now needed to run back to 4145-50

Not new info but emphasizing current market status:


Damon Pavlatos (@DamonPavlatos) tweeted at 9:46 AM on Mon, Feb 06, 2023:
The ES failed to hold it's gains selling off & closing near the lows. The ON sessions continued lower. We may need to fill in the cave below before we turn up. The rally off the FOMC was a bit too much/too fast. 4090 would fill the cave in. Pivot=4136 #ES_F $SPY $QQQ #NQ_F

[K Wave]

here comes the attempted 33800 recovery on Dow....if bulls are successful here, then bears may have some problems..

Edited by K Wave, 06 February 2023 - 09:33 AM.

[12SPX]

Don't like the options so starting a short build at 4130....

[12SPX]

profit stop 4129....

[12SPX]

profit stop 4125