They trapped bears good today with that 4,188 and never filled
the 4,183 and now we are over 4,300. Just nasty stuff on both
sides. Really slimy market this year
My leveraged long sale was perfect into that 4,306 when I
posted here and I put on a hedge at that time to work against my
long term account holdings that I own at lower levels. I sold half
of the hedge in after hours on that big woosh. Let's see what the
trap master market serves up tomorrow. Will we visit the 4,183 open
gap lower now? Or is there another unexpected move? Game on.
Is it me or is the SPX looking like one big reverse h&s
pattern now? 4,158 head and two shoulders off those 4,220s (the
market's favorite number this year). Or are the data points
invalid? I don't know what qualifies as a reverse h&s, though
always respect price action. I just sold my leveraged exposure on
SPX. I put a hedge on for tonight's earnings. I have a long term
portfolio that it will protect in case earnings aren't good. If
they are, I'm still in good shape long term. Tough market and
backdrop. Seems things either get too negative or too positive
quickly this year.
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They trapped bears good today
ES Resistance 4255-60 pulling back after reaching overnight next level ...
Posted by fundamentalvalues on 28th of Apr 2022 at 03:13 pm
They trapped bears good today with that 4,188 and never filled the 4,183 and now we are over 4,300. Just nasty stuff on both sides. Really slimy market this year
It's been a trappy market
Posted by steve on 28th of Apr 2022 at 03:20 pm
It's been a trappy market for sure - let's hope they don't get us again tonight
Trap again - this is
Posted by steve on 28th of Apr 2022 at 05:42 pm
Trap again - this is a level to level market (trader's market) with a poor economic backdrop
My leveraged long sale was
Posted by fundamentalvalues on 28th of Apr 2022 at 06:54 pm
My leveraged long sale was perfect into that 4,306 when I posted here and I put on a hedge at that time to work against my long term account holdings that I own at lower levels. I sold half of the hedge in after hours on that big woosh. Let's see what the trap master market serves up tomorrow. Will we visit the 4,183 open gap lower now? Or is there another unexpected move? Game on.
yep and all the market
Posted by matt on 28th of Apr 2022 at 05:46 pm
yep and all the market did was rally straight into resistance - and pulled back from it - that area was NOT the place to go long
Is it me or is
Posted by fundamentalvalues on 28th of Apr 2022 at 03:27 pm
Is it me or is the SPX looking like one big reverse h&s pattern now? 4,158 head and two shoulders off those 4,220s (the market's favorite number this year). Or are the data points invalid? I don't know what qualifies as a reverse h&s, though always respect price action. I just sold my leveraged exposure on SPX. I put a hedge on for tonight's earnings. I have a long term portfolio that it will protect in case earnings aren't good. If they are, I'm still in good shape long term. Tough market and backdrop. Seems things either get too negative or too positive quickly this year.