127 replies to this topic

[12SPX]

I should have waited to d, 6000 such a nice round number was about to change it and I got filled lol!!  Oh well lets see where we go here. 

 

On the expiration cycle note wanted to say that the 10 up cycles there were after a -15% correction and this time around were just going up up up.  Overall from the 1999 correction to the final top we saw a +64% move on a 23 month move.  Currently were sitting at a +71% gain over 32 mths since the 2022 correction.  The most important thing is this cycle is going to be very interesting to see if we have another up cycle or not.  If were down we start all over lol but when you look at the overall picture of the rally, the market is stretched so we'll likely see volatility kick up for the entire year and there is a huge possibility there isn't much upside left for the entire year......

[12SPX]

profit stop 6126

[12SPX]

And out for a 2 point profit

[dTraderB]

Hedging longs again:
Es short 6043.5
Nq short 21654
Ym sell limit 43800

Closed these shorts, NET LONG @ES 5999

Hedging my longs: es short 6051
Nq short 21758.5
Ym short 43610

[dTraderB]

Bulls got to hold ES 6000 or else 5930 or lower by 4pm. Heavy selling of rallies today.

[dTraderB]

Close es 5997.5

Hedging longs again:
Es short 6043.5
Nq short 21654
Ym sell limit 43800

Closed these shorts, NET LONG @ES 5999

Hedging my longs: es short 6051
Nq short 21758.5
Ym short 43610

[dTraderB]

Close nq 21422.5

Close es 5997.5

Hedging longs again:
Es short 6043.5
Nq short 21654
Ym sell limit 43800

Closed these shorts, NET LONG @ES 5999

Hedging my longs: es short 6051
Nq short 21758.5
Ym short 43610

[redfoliage2]

Bulls got to hold ES 6000 or else 5930 or lower by 4pm. Heavy selling of rallies today.

It went below 5980 overnight, VST it's likely to go lower ............................

[12SPX]

Just not feeling going long or short lately but my daily sell from yesterday at the 6090 level for an average sell of $5.10 are $.30 today.  For the first time in a long long time I even sold a 5950 put this morning for $4.65 as the market is in nowhere land and that will likely continue for awhile....

[12SPX]

Btw I have protection for the put sell but even if hit it so small it wouldn't matter.  I would also never sell a put for overnight or if there was any big news coming out, just a one day thing that I will likely buy back sooner than later and most importantly puts should only be sold by people who have lots of cash and years of experience, I've lived through all of the crashes since 1987 lol!!  Oh and anyone that would sell puts and hold them longer than a day where the market is now has to be delusional lol!!