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SPX 3400 or 2900, which way first?


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#11 dTraderB

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Posted 27 July 2020 - 06:16 AM

#RealInvestmentReport is out! The #market failed its #breakout on Friday. We update our #riskreward ranges, get a warning for Aug/Sept from and discuss the #Cobra effect from .
https://twitter.com/...039650641649664

 


#12 dTraderB

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Posted 27 July 2020 - 06:18 AM

I can't be IT bearish above ES 3K... but maybe if ES reaches 3300 and above
 

Replying to
Unfortunately, the market failed to hold its breakout, which keeps it within the defined trading range. The market did hold its rising bullish uptrend support trend line, which keeps the “bullish bias” to the market intact for now. https://realinvestmentadvice.com/fed-stimulus-has-created-the-cobra-effect-07-24-20/

Chart-1-072420.png



#13 dTraderB

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Posted 27 July 2020 - 06:19 AM

Trading NQ wiggles now... will soon get busier, I hope



#14 12SPX

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Posted 27 July 2020 - 08:30 AM

Ya I did a quick trade after the open yesterday 3197 to 3212 for 15 points and have been sitting since no fills overnight.  Not sure what I'm going to do today as the markets looking directionless see what happens after the open otherwise just sit on my sold options, go to tennis early lol!! 



#15 12SPX

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Posted 27 July 2020 - 08:36 AM

Okay, trying a long here at 3208 see how it goes, profit stop 3209!



#16 12SPX

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Posted 27 July 2020 - 08:59 AM

Well that worked out ok!!  Profit stop 3220 now! 



#17 K Wave

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Posted 27 July 2020 - 09:01 AM

Crude back down to the cliff edge after the stick save on Friday...

 

If 40.75 don't hold..............


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

 

 


#18 LMF

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Posted 27 July 2020 - 09:38 AM

The line on the Qs still at 255......its all clear above that. Shoot even the 200 day on IWM is rising a little bit now. Thats an absolute miracle these days......

#19 K Wave

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Posted 27 July 2020 - 10:35 AM

TSLA stepping close to the edge again....


Edited by K Wave, 27 July 2020 - 10:35 AM.

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

 

 


#20 K Wave

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Posted 27 July 2020 - 10:36 AM

FNGD fresh highs...watch those leaders...


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