Apple bulls still hangin' in there pre-market,,,,but back below 180 now, maintaining altitude could become difficult....
Until Apple starts marching down those stairs, no solid sell signal...
Edited by K Wave, 09 June 2023 - 07:57 AM.
DOT.com Version AI 2023 - record NASDAQ INFLOW
Started by
dTraderB
, Jun 04 2023 01:18 PM
202 replies to this topic
#181
K Wave
-
- Traders-Talk User
- 27,047 posts
Member
Posted 09 June 2023 - 07:56 AM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#182
K Wave
-
- Traders-Talk User
- 27,047 posts
Member
Posted 09 June 2023 - 08:02 AM
DAX 30 min shows the competing islands quite nicely...with the lower one being the Inverse H&S variety.
Taking out either one likely to be a powerful signal.
And right shoulder breaches can lead to huge fast moves....so if it turns out to be the lower one, buckle up.
Edited by K Wave, 09 June 2023 - 08:03 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#183
12SPX
-
- Traders-Talk User
- 12,698 posts
Member
Posted 09 June 2023 - 08:17 AM
Yup and call options overall are screaming bullish. Still have my June short at 4250 and now starting my September short at 4335 as the spread between cash is insane! Market is up but it is not a healthy advance and now as d reveals even the bulls are coming out like crazy. Think it's going to be an interesting expiration week as we are nearing my expiration cycle numbers and have the Fed and inflation reports coming out.
#184
12SPX
-
- Traders-Talk User
- 12,698 posts
Member
Posted 09 June 2023 - 08:18 AM
Curious,,,, why the focus on the Dax K?
#185
linrom1
-
- Traders-Talk User
- 4,027 posts
Member
Posted 09 June 2023 - 08:21 AM
Curious,,,, why the focus on the Dax K?
It front runs US.
#186
K Wave
-
- Traders-Talk User
- 27,047 posts
Member
Posted 09 June 2023 - 08:25 AM
Curious,,,, why the focus on the Dax K?
just looking for clues, and Euro bourses and US tend to move pretty much together.....
So when I see a massive compression building, I watch to see how it plays out.
IF Dax were to break the H&S bottom, I can't imagine SP will hold up....
And vice versa...if it breaks out from here and joins in on the Nikkei action, SP could easily follow along....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#187
K Wave
-
- Traders-Talk User
- 27,047 posts
Member
Posted 09 June 2023 - 08:40 AM
After failing to turn at 2.30...see if UVXY has any better luck near 2.20
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#188
K Wave
-
- Traders-Talk User
- 27,047 posts
Member
Posted 09 June 2023 - 08:41 AM
Watching Apple for possible reversal...if it happens...could be the signal
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#189
dTraderB
-
- Traders-Talk User
- 17,711 posts
Member
Posted 09 June 2023 - 08:45 AM
Done
Will open SEP NQ if NQ drops by 1% or more from high
Will open SEP NQ if NQ drops by 1% or more from high
Will close the JUN NQ HEDGE LONG
NOT ROLLING INTO SEP
WILL REOPEN with SEP contract if ES drops below 4267
#190
12SPX
-
- Traders-Talk User
- 12,698 posts
Member
Posted 09 June 2023 - 09:04 AM
Well isn't that interesting, we are now bumping up against my June cycle expiration numbers. Going to make next week very interesting lol!! Average Sept short 4341....
