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BULLISH intraday reversal but more declines ahead


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#11 redfoliage2

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Posted 21 August 2023 - 08:54 AM

The opening gap likely to be filled ......................


Edited by redfoliage2, 21 August 2023 - 09:02 AM.


#12 redfoliage2

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Posted 21 August 2023 - 09:32 AM

With the 10 yr rate making new high bounces are more likely to be sold...................


Edited by redfoliage2, 21 August 2023 - 09:34 AM.


#13 12SPX

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Posted 21 August 2023 - 10:08 AM

You seriously gotta make your mind up red at least for longer then a half hour lol!!  Sorry for the slow replies but dealing with this fire crisis etc.  Quiet now as everyone was evacuated around me over the weekend but I decided to stay to protect the house from any flying embers.  Today's looking pretty good though so we'll see.  Total ES points made all posted on here since June 13th are now 341 points for my weekly update.  No option sell points included in this.  The August expiration as I anticipated was down making September look very interesting, should be an exciting cycle of trading!!  Currently still holding my average long at 4400 now as put prices are through the roof and the market is a bit oversold.  Most important is that were back in grind mode so trading will be up down and all around for awhile I think.  Interest rates are on the rise again but just as stocks can get a little to high or low so can bonds.  Yields have moved well over old highs now but will likely start rallying soon enough to move back down to old highs for support and then we'll see what happens after that.  Kinda just like the market is doing now, after going up a bit to much its had a decent correction and following bonds closely so a rally in bonds will likely see a rally in stocks.  If bonds just flatten out and continue to move up in yield, the market will likely flatten and grind away making trading great!!      



#14 redfoliage2

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Posted 21 August 2023 - 12:04 PM

With the 10-year bond rate TNX keeps going up making new high I'm just day trading with no commitment to longer term ............


Edited by redfoliage2, 21 August 2023 - 12:07 PM.


#15 12SPX

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Posted 21 August 2023 - 12:47 PM

How about that, profit stop 4401



#16 12SPX

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Posted 21 August 2023 - 12:53 PM

Actually pulling this stop wanna go a little higher...



#17 12SPX

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Posted 21 August 2023 - 01:13 PM

And there we go took incredibly, stupendously big profits at 4405 for 5 points lol!!  



#18 12SPX

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Posted 21 August 2023 - 01:20 PM

Hmmmm well this is getting interesting, decided to start a short build at 4405.....



#19 12SPX

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Posted 21 August 2023 - 01:30 PM

Couldn't find the thread lol!!  Out for a 1 point profit will sell a little higher...



#20 12SPX

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Posted 21 August 2023 - 01:42 PM

Starting my short build at 4407, I know off but going into the close could get interesting so I'd rather just add....