open 1/2 ES1! long at 5761.25
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open 1/2 ES1! long at 5761.25
Closed the remaining 1/2 NQ1! at 21208
closed 1/2 NQ1! at 21170
I'm holding 1/2 NQ1! short from 21520 with SL at 21520, and 1/2 NQ short from 21327 with SL at 21360
Add 1/2 NQ1! short at 21327, SL at 360
Closed 1/2 NQ1!
Open NQ1! short at 21520
Q：Are we initiate another short position soon since NQ1! hit SL on Monday ?
A：Depends on what the market gives, if i get a good setup i will
Futures cratered as bonds dropped to test the bear flag support we identified yesterday. It is now clear that equities are deeply concerned about bonds breaking down. Given the euphoria and positioning of the retail crowd, this could get very ugly and very fast if bonds break.
30y bond futures are on the verge of a massive breakdown.
Meanwhile, ES1! is reversing from the neckline.
Remember last week when I said we might test the low 5800 area this week? That's where the next major ST support lies.
Typo, stop is 21495, not 21595.
NQ1!
Set NQ1! SL at 21595, and a conditional ES1! SL when NQ hits 21595.
i'm now holding 1/2 ES1! short from 5927 and 1/2 NQ1! short from 21457
Open 1/2 NQ1! at 21457
Q：Sean, meanwhile we are curious too...why you decided to closed ES1! at 5896 while on the other side, you are expecting low 5800 in this week? doesn't it against your decision / act ?
A：So I can reenter at a better price
I'm looking to short NQ1! with the remaining half. Tech was the initial downside leader during the first leg of the bear market, and it should resume that role soon.
Open 1/2 ES1! at 5927
Closed ES1! at 5896
The rally since 5,600 was mostly driven by Trump's tweet and the "tariff talks went well" news. These tweets are now producing smaller spikes and fading more quickly. There are countless indicators showing the market has topped, regardless of whether it's in a bull or bear market: retardly low PC ratio, cumulative tick, and NDX and SOXX leading on the downside, just to name a few. This is OPEX week, so there is a huge gamma buildup, which has a slowing effect on intraday moves and may have helped attempted breakdowns.
I'm expecting low 5800 area next week.
Open 1/2 ES1! short at 5964.75
NQ1! Daily, testing the broken LT trendline
SPX Weekly, showing the neckline that caused yesterday's reversal
We entered our last ES1! short yesterday at 5926, which is the HOD, and are now fully short
ES 5926-5938 is ironclad resistance. Given how Trump has been tweeting to push the market up in recent weeks, I'm widening stop loss from 5941 to 5958
Set SL at 5958
ES1!
Added 1/4 ES1! short at 5926, now fully short.
Added 1/4 ES1! short at 5873
Trump administration now completely folded and removed almost all tariffs for China, leaving the market with collapsing earnings and recession worries. The time for bears to act finally arrived. Major indices and some key stocks also hit important intermediate term upside targets in premarket.
On the upside 5886-88 is a solid resistance but if it is taken out 5902 may get tested
After the mornings FOMO I expect ES1! to start giving back a big chunk of premarket gains. I will be looking to add short position today.
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