So whats up with this sell off 9-20-2021

[Rickshaw Man]

I been selling Indexes/hedged once got above September highs several times, have no clue if this is start of down turn or pullback, reached first target and keeping little better than breakeven stops. Sharpness of upswing was too sharp IMHO, am hoping this is a pullback and don't take out October lows. Stocks are hedged till buy signal comes about.

@Rickshaw Man Do you use volume/open interest on your signals?
Enjoy your journal.

No, I do not. Added to my initial position on this dip.

 

[Rickshaw Man]

Was looking for a dip down to 15700.

 

[Rickshaw Man]

Up we go....$$$$$ So easy.

 

[Rickshaw Man]

Sold 2..... holding 5 for run back up to all-time highs. Looks like that's where we are headed.

 

[murray t turtle]

Sold 2..... holding 5 for run back up to all-time highs. Looks like that's where we are headed.


View attachment 271034

%%
THAT;
+ 50dma + price up again. Same with UPRO/spxl

 

[Rickshaw Man]

Looks to be consolidating, added near 16000 16100. Anticipating 16500.

 

[Rickshaw Man]

Up we go, so easy.

 

[vanzandt]

Up we go, so easy.


View attachment 271211

3...
2....
1...
Lift-off!

You're right.
Its too easy.

 

[Rickshaw Man]

Sideways...squirt up....sideways squirt up....Just sit tight, that's the best thing to do right now.

 

[Rickshaw Man]

NQ will hit a new all-time high. It didn't come this far not to hit a new all-time high. Seasonality favors this. I personally would not buy @16300 right now, this risk-reward is not favorable enough for me. My position was established much lower.