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RUG PULL ahead!


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#21 dTraderB

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Posted 05 February 2024 - 11:57 AM

Closed 4954.5

ES 4944.5

NQ HEDGE LONG 17650
2 NQ & 1 ES


Edited by dTraderB, 05 February 2024 - 11:57 AM.


#22 dTraderB

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Posted 05 February 2024 - 12:02 PM

Closed NQ 17660

Closed 4954.5

ES 4944.5

NQ HEDGE LONG 17650
2 NQ & 1 ES



#23 redfoliage2

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Posted 05 February 2024 - 12:04 PM

 

 

 

PMI data showing a strong economy, likely leading to a soft landing other than a recession ...................

The dip is likely to be bought ......................

 

The outlook of a soft landing is much better than a recession for the current bull market.  With today's PMI data indicating US economy is humming along I see SPX 5000 likely to be achieved soon ..............................

 

So I'd expect stock prices going higher along with this economy as long as the Fed not raising the rate since it said at the meeting it's done with raising...........................

 

With that said we should see SPX 5000 this week, and I'd not be surprised if SPX closes the day in green ............................


Edited by redfoliage2, 05 February 2024 - 12:13 PM.


#24 redfoliage2

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Posted 05 February 2024 - 12:31 PM

But we still need to be nimble in the afternoon with traders taking profit  ...........................


Edited by redfoliage2, 05 February 2024 - 12:36 PM.


#25 redfoliage2

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Posted 05 February 2024 - 01:56 PM

Well, I had to take the profit now from the intra-day bounce as the market breadth futher deteriorating today ............................


Edited by redfoliage2, 05 February 2024 - 02:02 PM.


#26 redfoliage2

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Posted 05 February 2024 - 02:23 PM

Well, it looks bulls still maintaining the upper hand.  But I need to see they are able to get SPX to close in green.  The chance looks good though...............................


Edited by redfoliage2, 05 February 2024 - 02:31 PM.


#27 dTraderB

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Posted 05 February 2024 - 02:32 PM

Cloded ES HEDGE LONG 4970.5

HOLDING 1 NQ HEDGE LONG

WILL REOPEN LOWER

Closed NQ 17660

Closed 4954.5

ES 4944.5

NQ HEDGE LONG 17650
2 NQ & 1 ES



#28 redfoliage2

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Posted 05 February 2024 - 02:57 PM

Well, it looks bulls still maintaining the upper hand.  But I need to see they are able to get SPX to close in green.  The chance looks good though...............................

Almost there now.  What a dramatic intra-day reversal....................................


Edited by redfoliage2, 05 February 2024 - 03:04 PM.


#29 dTraderB

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Posted 05 February 2024 - 03:14 PM

ES HEDGE LONG 4964.5

Cloded ES HEDGE LONG 4970.5

HOLDING 1 NQ HEDGE LONG

WILL REOPEN LOWER

Closed NQ 17660

Closed 4954.5

ES 4944.5

NQ HEDGE LONG 17650
2 NQ & 1 ES



#30 dTraderB

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Posted 05 February 2024 - 03:25 PM

Closed ES 4968.25

ES HEDGE LONG 4964.5

Cloded ES HEDGE LONG 4970.5

HOLDING 1 NQ HEDGE LONG

WILL REOPEN LOWER

Closed NQ 17660

Closed 4954.5

ES 4944.5

NQ HEDGE LONG 17650
2 NQ & 1 ES