- This topic has 211 replies, 4 voices, and was last updated 4 years ago by
.
-
Posts
-
Small short Spx at 3384 … stop 3650 … limit 3100
This time I walk away and come back at August OE.
Never give up, never surrender.
SPX: if the rising wedge idea is valid (it might not be) then SPX has reasonably fulfilled what might be seen as ‘wave c’.
As far as I can tell the recent upwards move is a multiple ‘three’ that has a target at 3,375 or so. There’s a slightly higher target at 3,394.
It peaked at 3,386 yesterday, so slap bang in that range.
Above 3,394 opens up a target about 80 points higher.
DOW: for the Dow there are targets at 28,000 (already exceeded) and at 28,200.
The C=A target is 29,250 and would complete the top gap fill.
For the wedge thing I would be more comfortable with the Dow higher, but above 28,200 I don’t have any logical targets.
Small short Spx at 3384 … stop 3650 … limit 3100
This time I walk away and come back at August OE.
Closed at 3376
I now have a signal for a rally mid next week.
This runs against my low Aug OE theory.
Never give up, never surrender.
Having re read my work results it looks like any
dips will bring out the buyers by mid next week.Only a real hard drop will unsettle them.
Waiting to jump on a train.
Never give up, never surrender.
Small short NAS at 11233 … stop 14500 … limit 8250
This small trade is just to cover any surprise downside and it
would be a surprise !Never give up, never surrender.
Small short NAS at 11233 … stop 14500 … limit 8250
This small trade is just to cover any surprise downside and it
would be a surprise !Closed at 11208 … 25pts more off the Dow short loss
Never give up, never surrender.
Retail traders have been net short the Dow
and have been squeezed all week.Option traders are net long and they will
be squeezed into August Options Expiry.This action is a 3 way OE play.
1) Squeeze net short retail traders (done)
2) Squeeze net long option traders (in progress)
3) Rally to new aths from mid next weekNever give up, never surrender.
This action is a 3 way OE play.
1) Squeeze net short retail traders (done)
2) Squeeze net long option traders (in progress)
3) Rally to new aths from mid next weekMonday looks interesting … even if it’s played
out in futures, like today.Never give up, never surrender.
If the Dow was a freely trade market then the odds
would lean to a new ath in the next Bradley.Looking at the futures action from last week you can
see strange movements which seem to point to a
heavy hand playing August Options Expiry.Never give up, never surrender.
Small short Dow at 28000 … stop 31000 … limit 25000
Closed at 27925
Never give up, never surrender.
Dow cash 27850 atm
I have a private bet we will see Dow cash 27950 today.
Never give up, never surrender.
- You must be logged in to reply to this topic.