#003-2.4 S&P 500 SMACK DOWN (DON'T BE GREEDY & COVER @3750)

١٦ مارس ٢٠٢١

THESE TRADE RECO "FOR THE RECORD".

I will post records from time to time. Anyway, what also makes me think gold won't hold 1627 and eventually bottom circa 1540-1550 like this:

... is that S&P 500 LOOKS TERRIBLE RIGHT NOW. SO terrible that I am opening a trade reco. This thing will likely have 2 legs and the second leg go to 3400. This is just trading the first leg. If you need me to explain why a drop in US equity would be bad for gold, maybe some other time (maybe not).

ENTRY SHORT @ 3964.25 AT 1:23 PM ET ON TUESDAY 03/16.
STOP LOSS @ 4025
TARGET @ UNDER 3600
TP/COVER @ 3725

WHY COVER EARLY? BC I DONT HAVE TIME TO DETAIL IT.

BTW, WILL ANNOUNCE GOLD SHORT FOR THE RECORD

ENTRY SHORT @ 1732 AT 1:30 PM ET ON SAME DAY.
STOP LOSS @ 1751
TARGET @ 1627
TP/COVER 1640

١٧ مارس ٢٠٢١

ملاحظة

WED 3/17 10:36 AM, LOWER STOPS ON BOTH TRADES:

ES1!, SL FROM 4025 TO 3985
XAUUSD SL FROM 1751 TO 1741

Why risk more than you have to?

١٧ مارس ٢٠٢١

ملاحظة

WED 3/17 10:53 AM, ES NEW LOW OF DAY 3928, LOWER STOP AGAIN.

ORIGINAL ENTRY 3964.25
LOWER SL 3985 TO 3962

Why? Something wrong?

No. I really like this short. But It is true I dont trade equity often. So lets make sure we dont lose this one.

١٧ مارس ٢٠٢١

ملاحظة

WED 3/17 1:46 PM ET.

COVER ES1! SHORT @ 3934.50.
COVER GOLD SHIRT @1729.32.

١٧ مارس ٢٠٢١

ملاحظة

Why? I am seeing something in volume to be suspicous about.

٢٠ مارس ٢٠٢١

ملاحظة

3/19, BTW NOTHING HAS CHANGED OVERALL:

٢٠ مارس ٢٠٢١

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My trade notes are more for specific record keeping to be referenced later. I saw something on 12-min bars Wednesday afternoon that looked like a temporary spike (which happended).

٢٥ مارس ٢٠٢١

ملاحظة

10.30 AM ET WED 03.25

FLOOR FOR THIS T4ADE HAS MOVED TO 3785 SO IF STILL SHORT MOVE TP TO 3800. IF YOU'VE READ THE NOTES IN (SCROLL DOWN TO VERY END):

IT LOOKS LIKE SPX WILL BOUNCE TO 4040 AND THEN DO MOVE TO 34XX.

٢٥ مارس ٢٠٢١

ملاحظة

Otherwise I consider this finished.

٢٥ مارس ٢٠٢١

ملاحظة

12.00 NOON ET WED 3.24.

I HAVE CONVICTION WE WILL BREAK 3700 SO LETS MOVE TP BACK DOWN TO 3715 (YES, PAST ORIGINAL TP)

٢٥ مارس ٢٠٢١

ملاحظة

12:34 AM

SINCE I DONT' ACTUALLY HAVE AN OPEN TRADE FOR ES/US500/SPX/SPY RIGHT NOW (SINCE COVERING ON FOMC) "FOR THE RECORD", WILL TAKE THIS ENTRY:

SHORT 3877
SL 3904
TP 3715
TARGET UNDER 3700

٢٥ مارس ٢٠٢١

ملاحظة

12.54 PM ET.

ITS 3883.5 NOW, MOV SL UP TO 1921.5.

WHY?

BC REGRESSIONS SHOW POSSIBLE PUSH TO 1918 AREA BEFORE SMACK DOWN REALLY HARD.

٢٥ مارس ٢٠٢١

ملاحظة

1.46 PM ET. MOVE SL DOWN TO 3894.

ODDS FAVOR SAVING SOME ROOM NOW.

٢٥ مارس ٢٠٢١

ملاحظة

4.25 PM ET

SO STOPPED OUT. RE ENTRY SHORT 3905.25
SL 3921.5
TP 3725
TARGET 3700

SO SAVED A LITTLE BIT.

٢٦ مارس ٢٠٢١

ملاحظة

FRIDAY 10:40 AM ET

RESHORT 3926
SL 3966
TP LATER
TARGET LATER

٢٦ مارس ٢٠٢١

ملاحظة

1ST 3 ES SHORTS LEADING TO THIS ONE:

1. 3964.25/3934.5, +29.75
2. 3877/3894, -17.00
3. 3905.25,3921.5 -16.25

SO RESULT WOULD BE TRADE # 4 -3.5, SHORT FROM 3926

٢٦ مارس ٢٠٢١

ملاحظة

FTR 3/25 11:37 AM CT

001-0 LONG 1859.60 CLOSE 1822, -2.022%
002-5 SHORT 1798.16 CLOSE 1680, +6.571%
002-7, 003-2.5 COMBINED SHORTS CLOSE, +8.4%
003-2.4, 003-2.6 GOLD COMBINED SHORTS= +.78%

FOR EASY RECORD KEEPING, THIS WILL BE
003-2.4 SHORT (ES1!) 3922.5

٢٦ مارس ٢٠٢١

ملاحظة

03.26 2.00 PM ET

COVER 3918

Q: SO THIS WHOLE EXERCISE WITH ES WORTH 4.5 PTS, IS THAT IT?

A: No, bc the trend has been correct for 8 days. And since I dont trade equoties regularly, wanted to wait for the BIG RR LEG. But big upside volume appearing for bulls that pretty much concludes this projection.