I'm taking a profit here on futures at 4354. Made 28 points. Nothing to brag about.
Pull back tomorrow is expected.
Posted 21 July 2021 - 05:17 PM
I'm taking a profit here on futures at 4354. Made 28 points. Nothing to brag about.
Pull back tomorrow is expected.
Posted 21 July 2021 - 06:17 PM
two 80% days in a row, demand is increasing. Ay slight pullback will be bought quick
Posted 22 July 2021 - 03:37 AM
Posted 22 July 2021 - 04:19 PM
This pullback ain't over. The short-covering rally is over. I am not extremely bearish but I see the case for the Nas to hit a downside objective of 14,000 + or - 100 points with other major indices following on the downside. I have a turn hitting ideally on 7/27 + or - 1 TD.
I have traded in and out of puts in the past week. Late last week I purchased puts, exited on Friday's close with a 20% gain but it was 1 TD too early
Had I held over the weekend that 20% gain would amounted to 100%.
I reentered the same puts today and I will hold over weekend. This will result in a 100%+ gain by mid next week, I fairly certain.