S&P500 Topping Soon...

luckystar2006

> 5% of correction is coming soon within this week to next week.

Mark my words....

luckystar2006

However, there could be still an up leg tomorrow or latest by Friday....

Elephant

现在好牛啊

luckystar2006

Elephant 发表于 2021-2-9 12:26 PM
现在好牛啊

I think it's in exhaustion phase.

Expecting market will fade once the senate passes stimulus package.

Elephant

六连涨了，今天还这么牛，大盘太厉害了。

uvxy

noname6688

luckystar2006 发表于 2021-2-9 12:07 PM
However, there could be still an up leg tomorrow or latest by Friday....

why  you think so?

ElliottFib

I hope you are right. but I bet the drop is going to be 5% max, if today is the top.

luckystar2006

ElliottFib 发表于 2021-2-9 05:00 PM
I hope you are right. but I bet the drop is going to be 5% max, if today is the top.

Oh, I'm always wrong.  Please takes my words with a grain of salt.  

luckystar2006

So far so good.

Likely rebouncing here & more to come later on this afternoon.

uvxy

逢低买入吗？ -5%开始上弹药？会去-10%吗？

传说中巨大的暴跌第五浪， 还在吗？ 还是被第四浪冲没了？

vlo

这波起码得跌个2%吧。不过得有坏消息加持，没有点坏消息下不来呀

ranchgirl

It seems that nobody really knows.

luckystar2006

ES/NQ normally drops fast & furious from here.  Likewise, we might to have to wait until tonight.

wreckbeach

luckystar2006 发表于 2021-2-10 03:27 PM
ES/NQ normally drops fast & furious from here.  Likewise, we might to have to wait until tonight.

Thank you very much for your sharing.

How many SPY Puts and QQQ Puts have you bought on this bet?

luckystar2006

wreckbeach 发表于 2021-2-10 07:20 PM
Thank you very much for your sharing.

How many SPY Puts and QQQ Puts have you bought on this be ...

I trade Futures instruments like ES/NQ both day and night sessions.

Speaking of which, I just finished a trade tonight for ~$800.

wreckbeach

luckystar2006 发表于 2021-2-10 08:17 PM
I trade Futures instruments like ES/NQ both day and night sessions.

Speaking of which, I just f ...

Thank you so much for your reply. So you are only trading Futures but not ETF
Options?

I am just wondering how confident about this bet. Heavy lot, regular lot, or light lot of position size on this bet?

luckystar2006

wreckbeach 发表于 2021-2-10 08:50 PM
Thank you so much for your reply. So you are only trading Futures but not ETF
Options?

Been trading Futures for almost a decade already.  No options or leverage ETFs.

Only trade high probability setups from scalping to day trading using two to 5 ES/NQ contracts to trade during night/ETH session & from 3 to 10 contracts to trading during day/RTH session.

luckystar2006

Still maintain my view that market will fall sometimes this week to next week.   ES/NQ seem kinda bullish at this moment, but I won't go long during exhaustion phase due to lack of momentum and risk off trades.  Bears might have to wait until another day.

ElliottFib

The rate things are going now. I'm adding hedges tomorrow.