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"MAGICAL MARKET in FANTASY LAND"


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#1 dTraderB

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Posted 30 August 2021 - 06:38 AM

and I am SHORT and trying to keep away as much as possible for another week while on vacation.

 

This Magical Market Resides In Fantasy-Land As We Hit 4500SPX

https://seekingalpha.com/instablog/876837-avi-gilburt/5633456-this-magical-market-resides-in-fantasy-land-hit-4500spx 



#2 dTraderB

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Posted 30 August 2021 - 06:41 AM

Have a great weekend! The melt-up continues in #ES_F & its controlled by a *perfect* multi-month channel. Support tested Aug 19th & resistance/long-term target now 4680-4700 Plan next week: Huge resistance en route though at 4560-80. Rally there & pullback. Detail below $SPX


#3 dTraderB

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Posted 30 August 2021 - 06:45 AM

McClellanOsc_1120.gif

 

https://www.mcoscill...t_breadth_data/



#4 12SPX

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Posted 30 August 2021 - 08:42 AM

This is getting fun as I'm adding to my short once again, average now 4482.  4600 calls still have a nice profit showing but waiting on my 4550 and 4500's to show up but think the next dip will show that! 



#5 12SPX

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Posted 30 August 2021 - 09:55 AM

Love it, average short 4489 and options are screaming bullish now as if the market will never go down again lol!! 



#6 12SPX

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Posted 01 September 2021 - 07:56 AM

Option values remaining elevated but no cracks yet, gonna be an interesting fall trading period!!  Looks like I might even hit the 4500 level lol!  Average short now 4595....



#7 12SPX

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Posted 01 September 2021 - 09:06 AM

Adding to my sold Sept. 4500 calls with an average now of $43 and my Sept 4550's for an average now of $16.  Main trade of 4600's still showing profits lol! Gonna be a fun final 13 days of trading for this Sept cycle!! 



#8 K Wave

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Posted 01 September 2021 - 10:24 AM

Looking like GOOGL may be on wave 5 of the final leg up. See how high bulls can ramp it here.....

 

When that one finally finishes blowoff, bears may finally get a chance for a bit....few more days until turn is my guess at this point.


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#9 12SPX

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Posted 02 September 2021 - 07:54 AM

let the fun begin, wake up every day and add to my short since expiration lol!!  This has been the longest run with barely any volatility at 9 days.  They have been getting longer and longer since June for shorting, just another indicator of a very unhealthy market as were not even going up that much.  Primed for another wake up morning -2 to -5%.   average short now 4500!!  Might sit on this one for awhile we'll see....



#10 12SPX

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Posted 03 September 2021 - 07:45 AM

Looks like another interesting day, average short now 4505 going into the weekend.  Surprised nothing has happened with call options being extremely bullish!!