82 replies to this topic

[dTraderB]

Adam Mancini (@AdamMancini4) tweeted at 9:18 AM on Thu, Mar 09, 2023:
We have now been in consolidation in #ES_F for 2 days with 3975-4k being pure noise/traps. Waiting on NFP tmrow. 3975 was key support yesterday and saw *4* bounces

Plan today: 3975-80 remains support. As long as it holds (>3990 trigger); 4010, 4022+ in play. 3975 fail sees 3950

[redfoliage2]

It looks that SPX wave 5 up is to resume with a target at 4250  .................

Edited by redfoliage2, 09 March 2023 - 09:32 AM.

[redfoliage2]

USD down today as well the 10-yr yield, indicating a lower NFP tomorrow ...........................

[linrom1]

What just triggered the selloff?

[linrom1]

Wow, look at banks. Someone is going BK.

[dTraderB]

Ensure STOP LOSSES in place
Sufficient Margin etc
Trim LONGS etc

Could be a CRASHY 2 HOURS... and more...

I will continue building LONG position

[dTraderB]

Typical flushing out weak LONGS during IT bottom formation
Forced liquidation etc

Wow, look at banks. Someone is going BK.

[dTraderB]

Most likely LOW made later today or NIGHT SESSION

Typical flushing out weak LONGS during IT bottom formation
Forced liquidation etc

USD down today as well the 10-yr yield, indicating a lower NFP tomorrow ...........................

[dTraderB]

"Supports are: 3975-77 (major), 3945-55 (major); 3920, 3895-3900 (major)"

[dTraderB]

Closed 5 TLT CALLS
It is up on the day
Holding 37

Still not sure but will considet STARTING UVXY May 5, 6 Put position