Made 10 points on 1/3rd and lost 7 on 2/3rd. Pretty much a breakeven trade. Will wait for the next setup.
Change in market character
#21
Posted 31 January 2018 - 09:40 AM
#22
Posted 31 January 2018 - 09:43 AM
It seems to work well, give the bears an inch, then take a mile...
This time was more than an "inch"
So, the size of this pullback is pretty large...
We're either going to push a little higher, maybe test the high and tank...
Or we're going to see another very fast move here about 300 points higher targeting 7700...
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#23
Posted 31 January 2018 - 10:00 AM
Gap fill at 2851.7 is possible. If we don't fill the gap and collapse here, it could get very busy on the downside.
#24
Posted 31 January 2018 - 10:01 AM
Shorted SPX 2833 with 2840.5 STOP
#25
Posted 31 January 2018 - 12:23 PM
No follow thru. Looks like a consolidation day. Moved Stop to breakeven.
#26
Posted 31 January 2018 - 12:38 PM
My trailing stop hit @2830 flat
#27
Posted 31 January 2018 - 01:32 PM
The last brick volume is high enough that even if the trend has turned down, it should print at least one up brick
if not more from here.
#28
Posted 31 January 2018 - 01:37 PM
I would not be surprised at all to see the market go into a BUYING PANIC before this is done...
Sort of it's own little "bitcoin blowoff" move.
There are a lot of ducks out there lining up.
FOMC 20 min
FB/MSFT tonight
Superbowl of Earnings Tomorrow Night AMZN, AAPL, GOOGL etc.
Friday Jobs report...
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#29
Posted 31 January 2018 - 02:36 PM
Once 2818 breaks, there will be selling panic. Buying panic is over - it's been going on for over a month now.
Edited by NAV, 31 January 2018 - 02:44 PM.
#30
Posted 31 January 2018 - 03:05 PM
Five waves down from the top, they can still turn it here. I'm neutral on the market, but 2600 wouldn't surprise me either.