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Futs down -0.5% then bounce +0.5%
wild
Sign of volatility tomorrow?
Ok then
I need money
ha, all coordinated
Wow, so sad. You had family only for one year ?
Something tragic?
Quote: "I was grateful to have a family, and the toys were not the reason for that, even if it was for one year. "
0.18% is not a drop, maybe in a bucket
You didn't sell for 78 dollars and gained 19 dollars, no way.
Quote: "Sold spxu call for $78. Gain $19."
You Bought for 58 CENTS and sold for 78 CENTS, which is a gain of 20 CENTS.
Post # 347515
"Bought strike 17.0 spxu call due in 10 days for 0.58 for 1 contract."
Thanks Ferda , busy day
ok you convinced me, take it back down to 427 to buy calls
it's like buying hot potatoes
premiums still horrendous due to so called bs volatility which pathetic as it is even themselves created
The price action proved this to be valid and arrogance fresh garbage
MM "struggling" (not much) to keep SPY near 450 area for the window dressing, then some green day(/s) after that, then press the ground floor button while quickly jumping out and let the doors close..
That's what I envision
Small downtrend (big only if gets out of hand), going bellow 425.
Then Santa coming once a year but coming is always good..
Maybe he will come twice this year, November and December..
I was suspecting something of this nature.
Unfortunately the high cost areas do not represent the economy nor the situation and is a small percentage of any city.
I know people in high cost areas living there because the "safety" or "better people" and other ideas like that , yet they struggle for necessities.
The vast majority is unhappy and struggling and live almost as bad like in a third world country.
SPY is supposed to represent the economy at large, the macro, not the few. Because of this status it was hijacked by the internal powers for personal gain and now represents them and how well THEY are doing.
It doesn't even represent you, from the better area. You didn't double your assets.
They did, and multiple times if you think of the leveraged instruments they control.
ALL the parties say the same BS, the market is up, ALL people are doing very well. This is really a lie , and it hurts to hear it no matter who says it.
8 of last 11 days spent at these SAME levels
Theta carnage , day 2
(sigh)
OEPM is to be regarded as an indicator (i.e. Fibonacci)
What all indicators have in common?
2 things
1. price following (so they lag, it MUST lag)
2. They all have a rate of failing and misleading.
I have NOT EVER red anything about any study and conclusion on OEPM fail-side. Every fan act with total lack of seriousness and boldly present it as fail-safe.
The failure even doesn't come in one form, but no one ever see nor care to look. It is a sad state.
I don't want it or anything to fail, but it just does here and there.
Furthermore, if you back-check, like REALLY BACK check it can be seen OEPM of today failing to amount to anything. And that's a no-no and an eye opening.
I'm looking at other indicators and OEPM seems to be bullish but contradicts the other parameters. ... then you have pre at 447 or so for the insiders and SPY red for the rest. This tells you something too.
OEPM does not live in a vacuum , and as a rule, a valid indicator must cross times, not just working in certain years.
For example Fibonacci or stochastic live well in every single period or year. And we know their shortcomings and failings very well (i.e. stochastic failing in a trending market when used against it)
You don't do much shopping.
It takes me what I feel, what I know , and what I see.
The combo summary is what led to my statement.
Fruits you don't cook.
Certain vegetables you don't cook.
They are extremely essential to body and to our meter of economic life.
They go bad now more than every other year i remember (bad in shelves).
Then bad at distributors of course (I don't see this personally but I assume based on other factors)
The Farmers must suffer too, and will produce less I'm guessing.
The picture is much worse depending where you live.
Lazy to cook or lack of time has nothing to do with any of these main problems.
THERE IS NO MONEY , AS FOOD IS EXPENSIVE, VERY EXPENSIVE.
REAL INCOME IS LAGGING BADLY AND CREATED THIS HUMAN CRISIS.
THERE ARE HOMELESS WORKING FULL TIME !!!!!
MAJORITY PEOPLE ARE POORER THAN EVER.
SPY on the other hand represents the establishment's line and is priced as high as imagination lets.
SPY and similar are used as instruments of back door siphoning out liquidity from the nation.
Unfortunately it used to be SPY represents prosperity, but it gets to represent the opposite.
It can only run until too many ordinary people will be in poverty and priced out of many things even food and necessities.
Most people are already priced out of healthy food and the virus has them as easy targeted body-weakened hosts - it looks more and more like by design.
Oil is pushed into (2018) resistance again.
Seems like they badly want Oil 100+
And gasoline who knows how high.
Today not up, not down, just eating premium.
I think will move on Monday.
Economics down, SPY going up.
I don't buy economics.
I see they used the FANGUS to prop this rally
Your anger is proof you don't truly believe all that.
Had you believed, truly believed, then you would've Buy Buy Buy and wait for pump, and cash out big profits.
Again and again and again..
,,,And in doing so you would be, of course, very happy, very very very happy..
NOT angry
Maybe it's time to actually start to really believe it!
like
Quote: "were some of the most actively trafficked ticker pages on the Yahoo Finance platform"
HOW THIS INFORMATION BECAME AVAILABLE TO THEM ???
We are targeted for SPYing and watched.
We are measured.
We are disseminated.
We are reverse engineered.
The machine is after us.
We have to use made up words to remain outside SPYing radar of special forces search engines
BOTTOM is clear
Both m might not be
Just thinking about the machine
Head and Shoulders formation possible forming (after this rally)
down target around 420 or lower
rally about to commence
SPY BOTTOMED in short term
it is very controlled, no panic, very orderly
All planned and executed
Was Looking around into some gann spirals
It felts an OE odor
Nothing came out for me
wasted time
But I feel the real deal is cracking angles vs momo which should help with timing using other methods for lack of alternative, as gann legend says timing-price is a done deal, but I never came across anything , always miles away
It's like being able to tell SPY will hit x-price during far away upcoming x-Day
Way ahead of that day
Everyone is struggling on gann
Mission impossible to crack other elements even before that part
It's like Indiana Jones and the lost Arch
Chart alone is no good
Timing alone is not good
strategy alone is not good
Economic news alone is not good
(btw I feel a strong volatility coming for FrED (all a game to them)
SPY dropped intraday by 1.43 in charts due to ex-div
To accurately chart and conclude you have to follow suit and drop all stuff by that amount.
But SPY still closed negatively relative to last cycle
But I've seen bearish signs and bullish deterioration well before this since beginning of the week. So I'm thinking this is a transitory period toward correction.
Usually downwards she goes faster, much faster than up.
Strike 3 !!!
I see damage to the bullish agenda.
(actual merciless selling)
If this progress, then we will see trend reversal asap
So far all holds still, but it's happening
We also have ex-div in the mix and EOQ (window dressing)
Why 3 points? Why tomorrow? and why?
Ex div is about 1.5 so why 3 ???
Ex div is on 18th so will show in price on Monday 20, so Why tomorrow to adjust anything?
Why to adjust? Is going to be a NEW oex by that time with NEW R1 completely unknown at this time, so the Aug R1 is a moot point to adjust or even think of adjusting, it is not?
Then a final question is, how the NEW base-line is affected if any after an OEX which has an ex-div adjusting the price (down) ?
Did you record any experience in this matter?
I recorded adjustments with some indicators, and particularly with S/R , but near zero with trend indicators. I see OE as a static sys so my mind speculates that it should be affected cent for cent as with S/R but I did not study this yet, even slipped my mind to consider it.
441-440 seems next logical bus stop, either during night or during market depending on the inmates
I'm ready for a crash if that's what's coming
doubt it, but I can't read their minds
I got few calls to keep under pillow
chart said pillow better
if you base that opinion on OE alone the odds are not too solid
Charts have more than one criteria. OE is definitely one. But ..one.
I have the chart throwing buys and more buys , right along with what you point out
my 2c
(it was a weak OE this one - no more hard pushups)
The good thing is that is quite easy to see
The actual price-line (last close) on your chart was pointing at it so I thought it should be obvious.
Here's your chart where I added the horizontal support lines I see at this time
Notice how simple it is.
A strategy is very simple to employ based on such things
Support lines are green.
If any one is broken it will become a red line as horizontal resistance
The blue trendline could be ok, but is not as critical like the horizontal support lines - confluence however is important
So where is vandal ?
All good I guess
Better buy some options
Look at those foolish charting calls , totally wrong
I don't dare to even ask
"The day"
Note: "Aug" (1st) is typo (obvious to who thinks it)
You can't have Aug 1st at end of Aug... Lol
The wedge is very long. This should be medium to long , but not very long.
very long meaning whoever played it got burned and don't/can't care , meaning wedge is less relevant to not really important anylonger.
Instead, let's focus on more important support if it breaks, the horizontal supports. The beauty of horizontal support is that resemble the best the price and action. Right now SPY is at support. Not an exact number but little area. Trying to go under.
Next area of support is 440.
All this no fancy ind.
No trendlines.
Another thing we can watch to trade are the areas of time-losing decay congestions.
The "fast" money are not in it, obviously, so...
8 days of reluctant advance (distribution)
followed by 2 days of reluctant dip
Now we look at the inmates taking the price higher from the dip
Both reluctant , hmm
If the inmates take the price above the distribution and hold it
will it?