160 replies to this topic

[redfoliage2]

 

 

ST supports at ES 5950 and 5925 were broken, something very wrong going on.  At this juncture let's see if ES 5900 can hold or not ........................

As ES 5900 support finally gave the way it opened the path to ES 5780, about 100 pts below from here.  Currently the market is very sick and now we should look for a serious correction from here .....................

 

 i.e. we may be having a 20% correction in hands.  I'd not be surprised to see a big gap down tomorrow .....................

 

For now let's see if ES 5800 support going to stay or not by the cash market close ..........................

Edited by redfoliage2, 03 March 2025 - 03:22 PM.

[redfoliage2]

 

 

 

ST supports at ES 5950 and 5925 were broken, something very wrong going on.  At this juncture let's see if ES 5900 can hold or not ........................

As ES 5900 support finally gave the way it opened the path to ES 5780, about 100 pts below from here.  Currently the market is very sick and now we should look for a serious correction from here .....................

 

 i.e. we may be having a 20% correction in hands.  I'd not be surprised to see a big gap down tomorrow .....................

 

For now let's see if ES 5800 support going to stay or not by the cash market close ..........................

 

Well, the market looks in a free fall ..........................

Edited by redfoliage2, 03 March 2025 - 03:32 PM.

[qqqqtrdr]

Looks like it is time once again to test the 200-day MA on NASDAQ and/or S&P500 for a bounce.      This usually once every 9 months to a year.     If so, it should provide support for a bounce.    My medium term indicators say we are still overbought based upon GDP, Housing, Auto Sales, and M2 money supply in relation to GDP.   As of Friday close we were not short term oversold.  

[redfoliage2]

 

 

 

 

ST supports at ES 5950 and 5925 were broken, something very wrong going on.  At this juncture let's see if ES 5900 can hold or not ........................

As ES 5900 support finally gave the way it opened the path to ES 5780, about 100 pts below from here.  Currently the market is very sick and now we should look for a serious correction from here .....................

 

 i.e. we may be having a 20% correction in hands.  I'd not be surprised to see a big gap down tomorrow .....................

 

For now let's see if ES 5800 support going to stay or not by the cash market close ..........................

 

Well, the market looks in a free fall ..........................

 

BTW, just a 10% correction will take SPX to 5500 ...............................

[redfoliage2]

Looks like it is time once again to test the 200-day MA on NASDAQ and/or S&P500 for a bounce.      This usually once every 9 months to a year.     If so, it should provide support for a bounce.    My medium term indicators say we are still overbought based upon GDP, Housing, Auto Sales, and M2 money supply in relation to GDP.   As of Friday close we were not short term oversold.  

Yeah, usually it stops there, the 200 dma, but this is definitely not a usual time as lots of unprecedented things going on behind the scenes.........................

Edited by redfoliage2, 03 March 2025 - 03:43 PM.

[12SPX]

Well this is getting fun as put options are getting pricey as we keep going down here.  Yesterday I had full profits on my 6000 calls for $7.20 and as I said my 5900 puts already had profit stops but was only out with a profit of $3.20.  Very tempting so I'm actually just went long at 5820 and will keep it wide to be able to add to it if we continue down.  I'm sure there will be some type of hope put out there today. 

[dTraderB]

The END is near! .. not ARMAGEDDON but if this TARIFF PLUNGE. But, another 2% or more drop to ES 5700 handle.
WHY? Trump detests a plunging market... especially if he is blamed.

I now hold biggest iong NET LONG position in 2025

Will add IWM, SPY, DIA, QQQ CALLS below ES 5850.

Also add IBIT CALLS.

[12SPX]

And there's a nice pop already lol!!  Profit stop 5821 but below

[dTraderB]

Mini CRASH so far but today...
https://email-st.see...k/38853161.4901

[12SPX]

Market will clip that nice round -5% level so will be interesting to see where we go from here with sentiment this bad.  Key thing though is that volatility is going to remain for quite sometime in my view as there are always surprises coming out.  We had sleepy joe who never moves markets but now no one knows what trump is going to say lol!!  Profit stop 5825....