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"There is no TRUMP rally, but a REAGAN bear market?"


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#161 12SPX

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Posted 17 January 2025 - 09:55 AM

Sorry was away but out with my profit stop at 5019 for a 1 point profit and back in starting my short build at 5920



#162 redfoliage2

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Posted 17 January 2025 - 10:05 AM

Tomorrow is the day for the Jan. monthly OpEx.  Let's see tomorrow morning where they will set settlement values for the stock indices.  With today's consolidation I'd not be surprised to see a gap up in the morning .................

So it just did what I predicted yesterday.  But this huge gap up likely to be sold, who want to hold at the toppy place into big uncertainties coming ....................


Edited by redfoliage2, 17 January 2025 - 10:06 AM.


#163 12SPX

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Posted 17 January 2025 - 10:10 AM

That I can agree on as it is expiration and were now above last cycles expiration cycle which continues the streak if we hold not seen since 1998, not healthy, I'm selling lots of calls for February with this pop, two gaps below and the market short term overbought with sentiment as of call prices insanely priced!! 



#164 12SPX

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Posted 17 January 2025 - 10:18 AM

average short 5025....



#165 12SPX

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Posted 17 January 2025 - 10:33 AM

fast market, putting profit stops on and out for 2 points and back in at 6025 to start a short build



#166 12SPX

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Posted 17 January 2025 - 10:52 AM

average short 6030



#167 dTraderB

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Posted 17 January 2025 - 12:30 PM

Best week since some time last year. Almost 100% ST & VST daytrading NQ & my new ES system during past 3 days, system is basically 3 moving averages, nothing else.
I will go NET SHORT by closing 1 each es, nq, ym long above ES 6050. Will close 1 each again if ES trades above 6078

#168 12SPX

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Posted 17 January 2025 - 12:32 PM

average short now 6040, getting up there quick lol!! 



#169 redfoliage2

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Posted 17 January 2025 - 01:35 PM

This year is likely to be above average for ST traders as the pending dramatic changes in policies will produce frequent wild rides starting next week ..................... 


Edited by redfoliage2, 17 January 2025 - 01:37 PM.


#170 redfoliage2

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Posted 17 January 2025 - 04:10 PM

By the close the market holds most of the gain today and technically SPX made a breakout above the ST down trend line.  Let's see what it will bring on the index futures market on the inauguration day next Monday though US cash market is on holiday schedule.  We may see another gap up on Tuesday .............................


Edited by redfoliage2, 17 January 2025 - 04:18 PM.