Gap-down followed by an intra-day reversal, and closes at HOD. It is a very bullish move. So, it's likely to see a gap-up tomorrow ..........................
Edited by redfoliage2, 19 May 2021 - 03:13 PM.
Posted 19 May 2021 - 03:07 PM
Gap-down followed by an intra-day reversal, and closes at HOD. It is a very bullish move. So, it's likely to see a gap-up tomorrow ..........................
Edited by redfoliage2, 19 May 2021 - 03:13 PM.
Posted 19 May 2021 - 08:27 PM
3 great days, could get a bounce on Thursday & Friday if ES 4070 holds.
Bulls rallied today from ST oversold but BEARS still have the edge.
PA (political analysis, MidEast situation etc) may be a strong factor in market moves during the next 2 to 3 days
Weak markets can topple over into crash mode with the slightest fear & doubts
I am fixated with INDA since it does not want to go down even as INDIA faces a critical next few weeks. So, I added more to existing LONG
Closed a few SPY PUTS, added some VOO, closed small VXX LONG position
Markets quite active now but I am off to rest to start early tomorrow
1 ES HEDGLE LONG 4106.5
1100 INDA
600 VOO
12 SPY PUTS
Edited by dTraderB, 19 May 2021 - 08:28 PM.
Posted 20 May 2021 - 06:40 AM
Phew early to bed early to rise lol!! Had a feeling we would move down overnight but it would hold and my trades to add weren't hit so still long from 4082. Will put my profit stop at 4085 and see how the cash open goes. Markets pushing to move up for expiration but we need +2% to get to a positive cycle so not sure we'll make it there but might make an attempt at it!
Posted 20 May 2021 - 08:04 AM
Phew early to bed early to rise lol!! Had a feeling we would move down overnight but it would hold and my trades to add weren't hit so still long from 4082. Will put my profit stop at 4085 and see how the cash open goes. Markets pushing to move up for expiration but we need +2% to get to a positive cycle so not sure we'll make it there but might make an attempt at it!
Posted 20 May 2021 - 08:04 AM
Posted 20 May 2021 - 08:05 AM
Posted 20 May 2021 - 08:06 AM
Posted 20 May 2021 - 08:11 AM
Posted 20 May 2021 - 08:12 AM
Posted 20 May 2021 - 08:12 AM
U.S PHILADELPHIA FED MANUFACTURING INDEX (MAY) ACTUAL: 31.5 VS 50.2 PREVIOUS; EST 43.0
U.S INITIAL JOBLESS CLAIMS ACTUAL: 444K VS 473K PREVIOUS; EST 450K
U.S CONTINUING JOBLESS CLAIMS ACTUAL: 3751K VS 3655K PREVIOUS; EST 3640K
These data all not supportive for the inflation fear...................