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RUG PULL ahead!


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#101 dTraderB

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Posted 08 February 2024 - 06:37 PM

"Chinese stocks go into the holiday season on a much stronger footing than they were a week ago. They have jumped 5% this week, chalking up their best week in over a year on optimism surrounding Beijing's efforts to support asset prices.

But it may just be a short-term bounce based more on stretched positioning and over-sold momentum indicators than a deeper-rooted improvement in economic or market fundamentals."

#102 dTraderB

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Posted 08 February 2024 - 06:39 PM

https://www.marketin...llan-oscillator

Suspicious SPX flash spike up to above 5k and then down! That should be investigated..

Osc up today but still brlow 0
https://www.mcoscill...t_breadth_data/



#103 dTraderB

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Posted 09 February 2024 - 07:30 AM

Key developments that should provide more direction to U.S. markets later on Friday:
Canada Jan employment report
Dallas Federal Reserve President Lorie Logan
German Chancellor Olaf Scholz travels to United States for two-day visit
U.S. corporate earnings: Pepsico, Catalent

#104 dTraderB

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Posted 09 February 2024 - 09:30 AM

ES 5019 LONG

NEW HEDGE LONG POSITIONS
NQ 17805



#105 redfoliage2

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Posted 09 February 2024 - 09:44 AM

It looks bulls are still in control.  We are likely to see new highs in both NDX and SPX today ........................


Edited by redfoliage2, 09 February 2024 - 09:47 AM.


#106 redfoliage2

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Posted 09 February 2024 - 09:57 AM

It looks bulls just made a horizontal breakout.  Let's see how high it will go today................................


Edited by redfoliage2, 09 February 2024 - 10:03 AM.


#107 redfoliage2

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Posted 09 February 2024 - 10:15 AM

It looks bulls just made a horizontal breakout.  Let's see how high it will go today................................

It's a very low-quality breakout by an opening gap up over SPX 5000, let's see how it will play out.  Meanwhile buying dips and selling bounces should work today ..................................


Edited by redfoliage2, 09 February 2024 - 10:19 AM.


#108 dTraderB

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Posted 09 February 2024 - 10:42 AM

Closed NQ LONG
17985

ES 5019 LONG

NEW HEDGE LONG POSITIONS
NQ 17805



#109 Keepingcool

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Posted 09 February 2024 - 10:54 AM

this would be a good place for the rug pull!!!



#110 redfoliage2

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Posted 09 February 2024 - 10:55 AM

 

It looks bulls just made a horizontal breakout.  Let's see how high it will go today................................

It's a very low-quality breakout by an opening gap up over SPX 5000, let's see how it will play out.  Meanwhile buying dips and selling bounces should work today ..................................

 

 

https://www.marketin...llan-oscillator
 

Suspicious SPX flash spike up to above 5k and then down! That should be investigated..

Osc up today but still brlow 0
https://www.mcoscill...t_breadth_data/

 

While SPX up but the market breadth down and VIX up a little.   Likely a repeat of yesterday, lower in the afternoon as options traders taking profit  ...................


Edited by redfoliage2, 09 February 2024 - 11:01 AM.