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AI BUBBLE in progress... do not deny it...


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#11 redfoliage2

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Posted 29 May 2024 - 08:51 AM

ES just hit the bottom of the trading range .................................


Edited by redfoliage2, 29 May 2024 - 08:52 AM.


#12 12SPX

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Posted 29 May 2024 - 08:52 AM

Call option premiums remain insanely high as everyone is so bullish its ridiculous  so there are great sells there for sure.  Starting my short build on the ndx at 18825, will keep it wide, still waiting for my ES trade...



#13 redfoliage2

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Posted 29 May 2024 - 08:55 AM

ES just hit the bottom of the trading range .................................

The opening down gap is likely to be back-filled, that is typical in a bull market .......................


Edited by redfoliage2, 29 May 2024 - 09:02 AM.


#14 12SPX

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Posted 29 May 2024 - 09:03 AM

Starting my ES short at 5290 but going to keep it wide to let it run if needed and still have my ndx short build at 18825.



#15 12SPX

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Posted 29 May 2024 - 10:27 AM

Just taken out of ES trade for a 1 point profit but will hopefully resell a little higher....



#16 12SPX

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Posted 29 May 2024 - 11:48 AM

Starting my short build on the ES at 5295, very interesting movements in the market as yields are really backing up



#17 dTraderB

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Posted 29 May 2024 - 01:44 PM

But sellers not able to send ES below 5259

Helene Meisler (@hmeisler) posted at 2:09 PM on Wed, May 29, 2024:

Down volume been sitting at 80% for hours.


(https://x.com/hmeisl...6916261238?s=03)

#18 12SPX

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Posted 29 May 2024 - 02:00 PM

profit stop 5290 sell above



#19 12SPX

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Posted 29 May 2024 - 02:03 PM

Was placing my ndx profit stop and taken out for a 1 point profit, sell higher...



#20 12SPX

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Posted 29 May 2024 - 02:28 PM

Starting my first short at 18850, keep it wide