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A New Strategy


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#1 redfoliage2

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Posted 11 August 2020 - 08:41 AM

It looks that overnight US index futures players recently employed a new strategy to make money:  Buying ES, YM and Selling NQ.  Let's see how long it's going to last.......... 


Edited by redfoliage2, 11 August 2020 - 08:47 AM.


#2 redfoliage2

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Posted 11 August 2020 - 08:52 AM

BTW, Gold futures dropped 80 points overnight and now below 1950.  I warned that gold formed an island top and was ready to go below 2000 ........................................


Edited by redfoliage2, 11 August 2020 - 08:53 AM.


#3 LMF

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Posted 11 August 2020 - 09:14 AM

Theyre pushing TQQQ down in the middle of an ongoing 5 min buy signal from July31. And trying to fill the weekly gap below while still in an uptrend. Gap was partway filled yesterday ==> inventory grab. This is a bit of a bench warmer strategy with TNA on the upside like it is.

#4 redfoliage2

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Posted 11 August 2020 - 10:04 AM

Theyre pushing TQQQ down in the middle of an ongoing 5 min buy signal from July31. And trying to fill the weekly gap below while still in an uptrend. Gap was partway filled yesterday ==> inventory grab. This is a bit of a bench warmer strategy with TNA on the upside like it is.

I actually see this rotational correction strategy is healthy for the current bull market .....................



#5 LMF

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Posted 11 August 2020 - 10:10 AM

I keep thinking theres something not right about how the NDX ETFs are capitalized......like the inventory isnt big enough now. Maybe it once was, but the rotations now look like fruitcake too often. An up move just short circuits when it shouldnt. Or they miss easy price targets like they just fell asleep. Tracking OBV on the 1 min time frame definitely helps.

#6 redfoliage2

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Posted 11 August 2020 - 03:30 PM

As the rotational stuff unable to sustain its going to be interesting from here .................

#7 12SPX

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Posted 11 August 2020 - 03:50 PM

Loved how everyone was so bulled up today, glad I called for a turnaround Tuesday lol!  The markets never go up forever and never go down forever no matter what time frame lol!!  



#8 redfoliage2

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Posted 12 August 2020 - 09:25 AM

So today they are rotating back into tech. The bull game going on with an ST target NQ 11500 after the recent consolidation in the tech sectors.

Edited by redfoliage2, 12 August 2020 - 09:31 AM.


#9 redfoliage2

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Posted 12 August 2020 - 10:40 AM

BTW, gold has been trying to establish a support around 1930, then more upside ahead .....................


Edited by redfoliage2, 12 August 2020 - 10:40 AM.


#10 redfoliage2

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Posted 12 August 2020 - 04:14 PM

BTW, gold has been trying to establish a support around 1930, then more upside ahead .....................

The support looks in the region of 1900 - 1930, I see it should be able to hold the support.