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Tired BULL STUMBLES, FED HESITATES... shallow PULLBACK


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#11 dTraderB

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Posted 11 March 2024 - 08:38 AM

Closed 18225

NQ 18176 LONG



#12 12SPX

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Posted 11 March 2024 - 08:41 AM

That was quite the turnaround on Friday and it appears nivideas crisis is still occurring this morning, or maybe it's just that the market is finally correcting a bit from an extremely overbought situation.  Covered my ES trade this morning for a 35 point profit and my ndx trade for a 125 point profit.  Starting my new short with Junes contract at 5180 and ndx at 19220 and will add to it as the day goes by, starting to drive back north later this morning.  The spread between cash and futures remain at extreme levels also so would be interesting to see an adjustment there.  Would be nice to see at least a -2% correction but could easily hit a -5% in the end  Today is the Haines bottom call 15 years ago where I got in at 667 and since then the market has been very strong since.  Maybe the cycle guys can say something if there is some significance there about this 15 year move.... 



#13 12SPX

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Posted 11 March 2024 - 08:49 AM

Okay not quite with it here but was out for a 1 point profit on my ndx trade and back in again at 18238 short it says lol....  Hopefully be able to update better as we go along before we leave lol!!!



#14 12SPX

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Posted 11 March 2024 - 08:53 AM

Okay, profit stop 18225, sell a little above there if hit want a nicer rounder number lol!!  



#15 dTraderB

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Posted 11 March 2024 - 09:00 AM

NQ LONG 18150

#16 12SPX

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Posted 11 March 2024 - 09:01 AM

profit stop 18200



#17 12SPX

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Posted 11 March 2024 - 09:05 AM

ps 18175



#18 12SPX

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Posted 11 March 2024 - 09:10 AM

Okay that was nice, out for a 63 point profit, sell much higher hopefully lol!!  



#19 dTraderB

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Posted 11 March 2024 - 09:28 AM

Closed 18168.5

NQ LONG 18150



#20 12SPX

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Posted 11 March 2024 - 09:42 AM

Started a new short build at 18225, profit stop 18220 sell above again, think this will be my last post as we're getting ready and then driving....Will add higher on both...