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CRITICAL MARKET SUPPORT HOLDS or ES plunges below 4100?


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#421 K Wave

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Posted 27 October 2023 - 12:28 PM

tesla still battling for 208...

 

looking for sign bulls want a Friday save...

 

Cuz if it do not come, then may be pedal to metal down into month end.


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

 

 


#422 12SPX

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Posted 27 October 2023 - 12:33 PM

Rats, didn't think it would happen but taken out for a 100 point profit on my NDX trade but am starting a new long build at 14240 for next week.....



#423 dTraderB

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Posted 27 October 2023 - 12:34 PM

Placed sell stop ES & NQ orders below market... in case... first set at ES 4115 and NQ 14200

#424 dTraderB

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Posted 27 October 2023 - 12:45 PM

ES HEDGE SHORT 4140
NQ HEDGE SHORT 14270

Placed sell stop ES & NQ orders below market... in case... first set at ES 4115 and NQ 14200



#425 dTraderB

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Posted 27 October 2023 - 12:49 PM

Adjusted SELL STOP: ES 4101 NQ 14150
Got to be prepared for heavy selling during rest of session today

ES HEDGE SHORT 4140
NQ HEDGE SHORT 14270

Placed sell stop ES & NQ orders below market... in case... first set at ES 4115 and NQ 14200



#426 12SPX

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Posted 27 October 2023 - 12:51 PM

Just by going by d's percentage numbers think I'd rather build a long here than go short as the market could turn on a dime as sentiment wise this market is insane, I can't believe the price of these puts, incredible premium to sell!!! 



#427 K Wave

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Posted 27 October 2023 - 12:54 PM

Maybe something along these lines in NYA future??

 

Got some catchin' up to with Rusty.....

 

In any event, as long as below the June low, in VERY dangerous waters.

 


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

 

 


#428 dTraderB

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Posted 27 October 2023 - 01:30 PM

Adding extra lot to my NQ daytrades ....
ES could plunge to 4090 ... maybe lower but that is VERY STRONG SUPPORT & A GREAT ENTRY POINT for LONGS.
Focus on hedging cutting losses etc in this rare crashy type if market we have today.

#429 dTraderB

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Posted 27 October 2023 - 01:31 PM

And just wait out the plunge & buy after.
Gradual build.

Just by going by d's percentage numbers think I'd rather build a long here than go short as the market could turn on a dime as sentiment wise this market is insane, I can't believe the price of these puts, incredible premium to sell!!! 



#430 dTraderB

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Posted 27 October 2023 - 01:39 PM

HEDGE SHORTS:
NQ 14270
ES 4138

Adjusted SELL STOP: ES 4101 NQ 14150
Got to be prepared for heavy selling during rest of session today

ES HEDGE SHORT 4140
NQ HEDGE SHORT 14270

Placed sell stop ES & NQ orders below market... in case... first set at ES 4115 and NQ 14200