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THE MAMIC WAVE in progress: SPX 4K possible before by Jan 31


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#31 dTraderB

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Posted 13 January 2021 - 07:32 AM

And "oh by the way" stocks are overpriced and risk dwarfs reward on

 



#32 dTraderB

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Posted 13 January 2021 - 07:33 AM

The competitive EV landscape is growing geometrically. Profit margins will be slim, stock expectations are too high for these gewgaws that permeate speculators' portfolios. IMHO. $TSLA could prove to be the biggest spec bubble in history. See


#33 dTraderB

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Posted 13 January 2021 - 07:34 AM

Day 2 of rangebound basing for #ES_F as we charge up for a move. Currently, all the action from last Friday's high now looks like a textbook bull flag developing. Targets remain the same - as long as we hold the 3775 battleground, immediate targets are 3832 and then 3865 $SPX


#34 dTraderB

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Posted 13 January 2021 - 07:34 AM

Adam Mancini
 
@AdamMancini4
· 23h
Textbook technicals for #ES_F so far- last week was a rally week and now this week is a basing week. This is means a move is coming Plan today: 3775-3785 is support zone. As long as we hold, upside targets are 3832 then 3865. Fail of support starts the leg down to 3735/3705 $SPX twitter.com/AdamMancini4/s…


#35 dTraderB

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Posted 13 January 2021 - 07:35 AM

I agree partially with this probable path:

 

Folks: for tomorrow, my pivot is 3792.

1. I do think there may be unfinished business at 3730-3750.

2. Bearish minded if open below 3792 or gets offered below .

3. Targets are lower end of 3730-3750 zone.

4. Thesis void if bids above 3803.

5. Now 3796.

#ES_F $SPX $NDX $SPY


#36 dTraderB

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Posted 13 January 2021 - 07:38 AM

The volume of US equity call options is hitting unprecedented levels amid rampant speculative activity. https://thedailyshot.com


#37 dTraderB

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Posted 13 January 2021 - 09:52 AM

will be adding QQQ PUTS as NQ rises

 

TESLA spread order(s) may be hit today!



#38 12SPX

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Posted 13 January 2021 - 12:03 PM

Finally catching up did you miss me lol!  Power outage overnight but everyone knows I was shorting at 3803 anyhow lol, profit stop was hit at 3790 for a 13 point gain!  And of course once again at 3803 this morning with a profit stop now at 3800!    



#39 12SPX

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Posted 13 January 2021 - 12:30 PM

And out for a 3 point profit, lets see if we can get a rally going here to sell again.  



#40 12SPX

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Posted 13 January 2021 - 02:03 PM

There we go short build starting at 3810!!!