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Nope, he was right and I was wrong. Hail to the king.~d
Thank you!eom
Just for tomorrow, lower the top bar by about two points, IMO.~d
I forgot to give him his meds today.~d
If one looks at one or two year intra-day ATR chars there is a lot of info to be derived with the levels the bots seek.
Just my opinion.
I initially read nude awakening, lol. Much more fun.~d
I stated when I returned to trading on April 1st (lol) that I believed the SPX would, between rallies and declines, flat line until the end of the year. That would mean ending ~4000 to 410.
At the end of this 18 month trough which is in the beginning phases right now there will be a terrific rally for individual stocks going forward into the next year. I will be going long then in my core position long term) and day/swing trading the indices short term.
Blockchain will be one of my interests, and NFTs. And healthcare, of course, because of this incredible corrupt regime.
Update from my daily SPY analysis yesterday, 9/9, for today. SPY took a trajectory opposite to the path hypothesized yesterday. We opened just above the 450.87 ghost print mentioned yesterday on Twitter (sorry, guys) and dumped from there.
From the original post:
"...My current analysis is displaying a strong bias down tomorrow and a possibility of below 448. However, I am still am seeing signs we might close at 450 or so..."
Good call on UVXY yesterday!~d
Glen, could you pretty please add one more sticky, a simple key for North's designations for cycles?
You know, like AB-1 is a short term bear, AB-2, equal to a monthly bear, etc...I'm obviously not using the real terms.
I, and I believe others, would find it very helpful if you could add this. It would also save North from perpetual re-invention of the wheel for newbies.
Yes, but you were also inferring that it would, kinda', sorta'. I don't agree, short term, as the next big Hurst low is coming up at end of September.
~d
Thanks, Wish, great contribution. Voting it for Plusone post for today. Found this one compelling also:
https://wallstreetonparade.com/2021/08/three-of-the-feds-wall-street-bailout-programs-vanish-from-its-monthly-reports-to-congress/
edited: If one uses time based charts the SPY is getting oversold but on a 360D ATR chart, this thing is just getting started. Also, it's just under, and flirting with, a long term trend line back from October, 2020.
Don't get excited just yet. It's just testing the 2/18 high.~d
Hello everyone, my name is Dowdeva. I'm originally from Sirius B. Nice to meet you all.
lolololo...
I posted my projection for tomorrow on the SPY board also. I perform this analysis every day using SPY options. For tomorrow:
"...My current analysis is displaying a strong bias down tomorrow and a possibility of (going) below 448. However, I am still am seeing signs we might close at 450 or so. There were large contracts for tomorrow bought at around call strike 452, methinks most likely hedging. If not hedging and it opens up there, I'm going to short the heck out of it and if it opens up low and even goes lower, I to go long at a tradable low(what's a tradable low, mommy?).
One of the great things about trading the SPY is it's tendency for mean reversion most of the time.
My projection yesterday for today was for price action to swing back and forth, and also, be held within 452 and 448, with a possibility of a brief AM excursion above 452 (which was indicated to be strongly sold) and 448, which SPY hit pre-market..."
I made some corrections since posting it there for better readability.
Northam, do you have a projection for the new weekly bear cycle? Curious. I have one but would rather hear yours first, my friend.
~d
...so many boards, so little time...sigh... :(
edited: My current analysis is displaying a strong bias down tomorrow and a possibility of below 448. However, I am still am seeing signs we might close at 450 or so. There were large contracts for tomorrow bought at around call strike 452, most likely hedging, methinks. If not hedging and it opens up there, I'm going to short the heck out of it and if it opens up low and even goes lower, I to go long at a tradable low(what's a tradable low, mommy?).
One of the great things about trading the SPY is it's tendency for mean reversion most of the time.
My projection yesterday, for today was for price action to swing back and forth, and also, be held within 452 and 448, with a possibility of a brief AM excursion above 452 (which was indicated to be strongly sold) and 448, which SPY hit pre-market.
Over 100K contracts were traded at this Friday's 151 and 152 call strikes just before the dump. Now there are also over 100K contracts at the 150 put.
Looks like they are already setting up max pain for Friday.
Out of UVXY puts at a profit, thanks again, Dr. Harley.
~d
I don't know except for Harleyboy saying there was a news leak about Biden forcing gov't workers to get vaccines in a speech. But that's not till this evening?
~d
SPY projection for today from yesterday on another board. The projection was only for today, not till Friday:
"I have sideways/down for tomorrow, however, there were some 9/10 Opex option volume 'blips' that don't exclude for me the possibility of an (AM?) intraday excursion over 452, which should be shorted, IMO, if happening early in the day....448 should contain any down action."
For the record, I am out of all SPY puts accumulated over 452 and am still holding UVXY calls bought today (thank you, DrHarley).
HAHAHAHAHAHA!
The longest it took was only 7 mos. SPY printed a pre-market print (I believe it was a ghost print, so good luck finding it) of 338.12 in the summer of 2019.
Thank you, TT!~d
That SPY 448 and change will be fulfilled in open market at some point. They always are.
~d
Anybody?~d
What happened? I live in news vaccuum.~d
Excursion over 452 completed (for today) and built short position via puts there.
This is most likely a day trade, but I usually don't post exits as it messes with my head too much.
~d
Shorts built over 452 and change via puts.~d
Maybe UVXY needs to hit 15 first?~d
Thanks, Schneidku, great to see both DrHarley and you both, here. Wish you would post more. I remember how precise you were.
~d
You probably meant $NYMO, but there's this too:
On this one it already has turned negative. Note the three descending tops on MACD.
https://schrts.co/JeqBFEqx
And here's another one too, not negative.
https://schrts.co/gSsQzpfg
I have sideways/down for tomorrow, however, there were some 9/10 Opex option volume 'blips' that don't exclude for me the possibility of an (AM?) intraday excursion over 452, which should be shorted, IMO, if happening early in the day.
Edit: Just saw Glen's post with 200MA as potential resistance, which is at about 452.
448 should contain any down action.
I sure hope so, DrHarley. Good to see you.~d
Out of calls.~d
Closed 450 puts opend yesterday at 4:00 pm around 10 am. Went long calls too early, closed out and opened calls again around SPY 449.35.~d
Boards really slow, here and others that I follow. Acts somewhat like range compression on the charts.
Trending move should happen shortly on SPY.
I think it will be tomorrow. Traded long Friday and today, but already short for tomorrow.
We will see.
Excellent call, Glen.~d