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.
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.
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.
Posted 11 August 2020 - 09:14 AM
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 .....................
Posted 11 August 2020 - 10:10 AM
Posted 11 August 2020 - 03:30 PM
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!!
Posted 12 August 2020 - 09:25 AM
Edited by redfoliage2, 12 August 2020 - 09:31 AM.
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.
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.