PRS LIVE#3 DIE DOW, DIE AGAIN! NEXT STOP 25K OR LOWER.

28 Jul 2020

AFTER NAILING 2 DOW SHORTS IN LIVE TESTING NOT NECESSARILY "BIGLY", PRS WILL ATTEMPT TO DELIVER A MASSIVE WIN IN THIS HAT TRICK. DOW IS IN VERY PRECARIOUS POSITION. PIVO LOOKS TERRIBLE COMPARE TO JANUARY/FEBRUARY HIGH, IMPLYING A LOT LOWER THAN 25K, BUT LET'S NOT GET GREEEDY.

Here was first outing:

Here was previous outing:

For this trade first tranche 33% 26499. Tuesday 7/28 12:35 AM CT. Again my priorities are: gold and bitcoin before equity indexes, I would even put oil ahead of DOW. So I won't touch up too much unless there's something REALLY WRONG.

28 Jul 2020

Catatan

Some one just asked me what if JP delivers for DOW on FOMC tomorrow. Unless stocks drop bigly first, there's no reason for the Fed to interfere.

28 Jul 2020

Catatan

2nd tranche 33% 26505 moments ago.

28 Jul 2020

Catatan

TUES 1:23 PM. LIMIT SHORT 26675 THIRD TRANCHE, RIGHT NOW 26435. Normally, if I was baby sitting the trade, I'd cover here and reenter higher for the short. But for the purposes of this exercise, I'm going to hold the shorts circa 26500 and add above 26675.

29 Jul 2020

Catatan

Wed 2:40 AM 7/29.

2 WAY STOP 26330 OR 26230.

29 Jul 2020

Catatan

So when I post that its 26286. I will exit at either targets whichever it hits first.

Why so early? I am uncomfortable with the math in my head considering the positions of gold, bitcoin, and dxy.

A win is a win.

30 Jul 2020

Catatan

Thursday 9:21 AM. So yesterday we closed oil and Dow shorts. Had been watching it I would have reentried the shorts at certain points. But I want o stress that my trades are prioritized in the following order: gold, bitcoin, forex, other, then finally equity indexes.

30 Jul 2020

Catatan

7/29 Even though Dow dropped to 258xx, I think something has changed in ES1!, that is the SP500. If I was long an index, I would long NQ1!, USTEC, OR QQQ. Conversely, if I was short, it would be the DOW. But for market underlying trend, you have to follow ES1!, SPY, US500, or SPX. And something in PIVO tells me that the down move maybe completely finished, and it maybe ALL UP FROM HERE.

30 Jul 2020

Catatan

FOR EXAMPLE HERE IS PIVO FOR ES1! OR SP500 FUTURES:

30 Jul 2020

Catatan

WHAT DOES IT SAY?

1. IT WAS NEVER REALLY AT RISK BECAUSE VOLUME TRENDS ARE NEVER SHOWED REAL WEAKNESS JUDGED BY BY THE BLACK WAVES.

2. ACCUMULATION OF SHORT TERM LEADS TO ACCUMULATION ON LONG LONG TERM.

3. ES IS REALLY AT A PLACE THAT UNDER "FREE MARKET" CIRCUMSTANCES WOULD BE CONSIDERED WEAKNESS. BUT THAT'S NOT HOW WE ARE OPERATING.

4. WHEN IN SUCH SITUATION, PRICE DOES NOT CRASH, AND YET FINDS SUPPORT HAS USUALLY LEAD TO A MASSIVE MOVE UP.

5. I'M SEEING 3340 AT THAT TOP BOLLINGER. FOR PRICE.

6. IF YOU ZOOM IN ON THE PIVO YOU WILL FIND THAT THE RED WAVE IS ABOUT TO CROSS UP THROUGH THE GREY AND PURPLE WAVES. THIS IS NOT BEARISH BY ANY MEANS.

1 Agu 2020

Catatan

UPDATE 8/1: Nothing has really changed for this situation since previous notes. My take on it is the next 8 or so trading days will bring a turning point in which this idea will be revived for new trading idea. Dow is the weak index right now, my instincts say that the strenth in ES might translate much less in YM. IF THAT IS TRUE, we still might have to visit 25000, but maybe from 26925.