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CRITICAL MARKET SUPPORT HOLDS or ES plunges below 4100?


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#31 dTraderB

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Posted 23 October 2023 - 08:39 AM

ES 4180 not 4280

Difficult & unpredictable few days... maybe the SHORT SQUEEZE starts later today.
My FF is we see ES 4100 or lower traded before the big bounce. ES 4280 is one of my key levels

Gotta love this bearishness but sadly disappointing for everyone that was hoping for a crash today, just another down day at this stage with the 10-year bond hitting 5% so no surprise there.  Don't get me wrong I get it as this has been a period where crashes occur but this isn't a year for it and the war in Israel means nothing to the market I hate to say although for the 1000th time the church prophets are calling for the end of the world, but heh they need to make money to lol!!  Biggest problem for the bears is that if and when they turn and rally with a short covering rally, stocks will do the same with a massive short squeeze.  To me it's looking similar to the June take off but we'll see when it starts.  For now I'll just add to my longs with an average of 4279 with the spill overnight. 



#32 dTraderB

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Posted 23 October 2023 - 08:47 AM

I want TO BUY NVDA BELOW 360

BUT WILL SETTLE WITH 400. 390 etc


Yeah. Accummumate NVDA LONGS ... slowly

https://stockcharts....o-accu-751.html

NVDA at least one of the few stocks with some actual growth...
 
But if the other Megas do Break this week, it may not survive unscathed.  Watch that neck line.....
 


#33 K Wave

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Posted 23 October 2023 - 08:57 AM

The big targets have an amazing way of gettin' hit eventually, no matter how winding the path....

 

BTC has a real decent shot its big one now...

 

 

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#34 K Wave

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Posted 23 October 2023 - 09:00 AM

Pretty sure Rusty gonna tag that support line soon, whether it be on this wave down, or the next one.

 

The BIG question is....what happens after that???

 


Edited by K Wave, 23 October 2023 - 09:01 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

 

 


#35 redfoliage2

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Posted 23 October 2023 - 09:01 AM

I'd expect SPX 4185 support soon to be tested ......................

SPX 4189 to be exact as the 50 WMA touched and SPX bounced up from there.  Now let's see if the open down gap gets filled or not today.   Or a revisit to the support line later today  ................


Edited by redfoliage2, 23 October 2023 - 09:10 AM.


#36 K Wave

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Posted 23 October 2023 - 09:03 AM

This likely bulls best shot a at save on META....

 

If that pivot should fail now...the mist from the falls could get pretty thick

 

 

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#37 12SPX

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Posted 23 October 2023 - 09:10 AM

As I was saying and Bill Ackerman confirmed it, if bonds turn so will the market and boom we went from being down -35 to down -10 in about 3 seconds when he said its to risky with everything going on to short bonds lol!!  Skittish markets and people will cover so fast its unbelievable.  The absolute best news though is we are back in incredible times for selling put and call premiums.....as long as you have the right numbers lol!!! 



#38 dTraderB

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Posted 23 October 2023 - 09:14 AM

Will add to small LONG AMZN & GOOGL positions below 125 & 134

#39 dTraderB

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Posted 23 October 2023 - 09:16 AM

DOLLAR BELOW 106
TLT green
Uvxy red

SOME GREEN SHOOTS but a long way from important reversal

#40 redfoliage2

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Posted 23 October 2023 - 09:23 AM

Now time to focus on the big techs reports  ...................


Edited by redfoliage2, 23 October 2023 - 09:33 AM.