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FOMO BuyTheDip rally near the top


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#31 12SPX

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Posted 11 July 2023 - 09:14 AM

profit stop 4443 sell above



#32 12SPX

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Posted 11 July 2023 - 09:18 AM

Out for 1 point profit started another short build at 4445...



#33 12SPX

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Posted 11 July 2023 - 09:57 AM

yay and back to an average short of 4450....



#34 redfoliage2

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Posted 11 July 2023 - 10:28 AM

If bears unable to push the market further down they should cover now as the internals has been diverging from the market since Friday indicating another leg up on the way into the earnings reporting .........................

Internals leading up and NYMO entered into Buy zone.  BTW, earnings reporting season kicks off with big banks such as JPM, C, WF reporting on Friday ..........................


Edited by redfoliage2, 11 July 2023 - 10:31 AM.


#35 redfoliage2

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Posted 11 July 2023 - 02:06 PM

This 

 

 

If bears unable to push the market further down they should cover now as the internals has been diverging from the market since Friday indicating another leg up on the way into the earnings reporting .........................

Internals leading up and NYMO entered into Buy zone.  BTW, earnings reporting season kicks off with big banks such as JPM, C, WF reporting on Friday ..........................

 

From SPX hourly chart I see further ramping up in the index futures overnight .....................


Edited by redfoliage2, 11 July 2023 - 02:10 PM.


#36 12SPX

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Posted 11 July 2023 - 02:10 PM

This is getting exciting the bulls once again are coming out of the woodwork looking for a perfect number once again lol!! 



#37 12SPX

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Posted 11 July 2023 - 02:11 PM

If anything I'd be hoping that we sell off here into the close because if were strong I'm willing to bet the reaction to the report is negative lol!! 



#38 dTraderB

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Posted 12 July 2023 - 07:01 AM

TOO MUCH FED BLABBERING!
Events to watch for later on Wednesday:
U.S. June consumer price report
Bank of Canada policy decision
Federal Reserve issues 'Beige Book' of economic conditions
Richmond Federal Reserve President Thomas Barkin, Atlanta Fed President Raphael Bostic, Minneapolis Fed chief Neel Kashkari and Cleveland Fed boss Loretta Mester all speak
U.S. President Joe Biden at NATO summit in Vilnius
U.S. Treasury sells 10-year notes

#39 dTraderB

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Posted 12 July 2023 - 07:04 AM

Will close ALL 4 ES & NQ HEDGE LONGS on any spike up ... above ES 4500

But holding all LARGE LONGS in Hang Seng, FTSE A50 BABA, smaller Asian equities.

Will add SPY & QQQ PUTS above Es 4510

Will add more HEDGE LONGS below ES 4410

#40 dTraderB

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Posted 12 July 2023 - 07:38 AM

All 4 hedge longs closed

Will reopen lower, gradually

Starting below ES 4495


Will close ALL 4 ES & NQ HEDGE LONGS on any spike up ... above ES 4500

But holding all LARGE LONGS in Hang Seng, FTSE A50 BABA, smaller Asian equities.

Will add SPY & QQQ PUTS above Es 4510

Will add more HEDGE LONGS below ES 4410