225 replies to this topic

[dTraderB]

ES 4017 HEDGE SHORT

NQ HEDGE SHORT 13135

WILL hold these 2 hedge shorts and all LONGS
Until at least 11am
Will add SPY & QQQ CALLS ON ANY PULLBACK

NEW UVXY PUT POSITION

ES 3992 HEDGE SHORT

[12SPX]

Average short 4015....

[K Wave]

Looking at Rusty chart, as it often likes to lead at big turns, looking like long now...unless...1900 fails to hold.

 

Failure there could be a big warning now...

 

1920 first big level to recover to get bulls a bit more established

[K Wave]

And looking things that are "off" for bulls...SOX not leading nearly as strongly as I would like to see...yet anyway

 

Again, if it fails to clear 3K before next wave down, could still be big trouble

Edited by K Wave, 27 February 2023 - 10:21 AM.

[K Wave]

Trannies on the other hand, a MUCH stronger liftoff attempt...

 

That is now an absolutely gargantuan pivot at 14700 level now.

 

No need to be overly bearish as long as it holds.

 

But, should it fail...man the lifeboats...

 

 

and 4 hour look

 

Edited by K Wave, 27 February 2023 - 10:24 AM.

[K Wave]

Nat Gas looking possibly a bit extended here short term...if it does not blast out over 2.70 on the next wave up, likely gonna unload for now.

 

No need to be a pig, after a nearly 30% levered ramp up, eh?

Edited by K Wave, 27 February 2023 - 10:29 AM.

[K Wave]

SOX....bulls really do NOT want to see launch failure here today....2940 is where concern would begin...

[K Wave]

UNH stepped away from the edge...could still go above 500 as long as that pivot holds...

 

Should that pivot get broken now, reasonably high chance of crash type wave developing

 

See how far bulls can get with it now...

 

[K Wave]

Number 2 GS still looking fine with now HUGE pivot at 360

 

[K Wave]

For WMT number to watch today is 142.....if it fails to pull away upside, and bears reclaim that level would be a warning.