absolutely hilarious.
Are we still crashing? Seen the Top? 2/1/21
- Thread starter Bad_Badness
- Start date
Now Feb 2 we gap up on ES for another 60 points. Where are the "top callers"? It is almost time to test it. Time for your shorts.... Lots of trading possibilities....
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SPX has a distribution structure on the 5 min. Just sitting there between ~3840 and ~3830. It broke down the last 5 min of the day (very telling to me), with a failed re-test afterhours. Supply exists in droves right now. The ~9/8/16-11/4/16 time-frame provides a decent map for the expected move. A ton of traders calling the top back then, for what is your run of the mill 2-month pull back.
I expect a pull back in the coming weeks/months to the .32-.68 retracement of the November low (I'm roughly expecting 3550). A-B-C. I'm expecting a market melt-up afterward. SPX ~4500. NDX and RUT even more-so. Today, we got another bite at the hedge/short apple.
FWIW, I'm leveraged long RTY, and hedged short (same leverage) ES. Once the C move is done, I'll release the short. Happy trading.
I expect a pull back in the coming weeks/months to the .32-.68 retracement of the November low (I'm roughly expecting 3550). A-B-C. I'm expecting a market melt-up afterward. SPX ~4500. NDX and RUT even more-so. Today, we got another bite at the hedge/short apple.
FWIW, I'm leveraged long RTY, and hedged short (same leverage) ES. Once the C move is done, I'll release the short. Happy trading.
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Last week I said we'd likely get up days mon etc and end of week selling much like last weeks action. Buying support selling resistance. I bought back small size inverses eod like UVXY SQQQ and cannabis stocks TLRY CGC today. Daytraded VXRT successfully but took stops trying GME.
What a rollercoaster!
What a rollercoaster!
Are you trading it ?
I did look into India stocks. Indeed it looks like a bubble, but how do you expect a crash this year in the US after Google, Microsoft and Amazon reported great earnings? Difficult to happen at least in Q1.
Japan, China and EU are also not in the bubble territory, according to the fundamentals. There might not be too much space for growth yet, but still, there is space.
Japan, China and EU are also not in the bubble territory, according to the fundamentals. There might not be too much space for growth yet, but still, there is space.