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452.42 and 453.34 volume gaps on 1 and 5 min charts on SPY, respectively. Should attract a retrace.~d
Glen, trying to send you a pm and it says you may have blocked me. Was it my breath?
:(
I believe tomorrow's action will stay between 451 and 453 and possibly end again between 451 and 452.
DIX with multiple prints below 40. This is a leading indicator:
www.squeezemetrics.com
Thank you, North. I have said this before and will say it again, this is the best forum of any on Ihub or elsewhere.
~d
I love my new comp. I trade off my laptop (yes, it is possible) and I have a Dell XPS 17". I can actually see subtle color differencew now in my moving averages - on older laptops always was hard to differentiate between similar colors.
I highly recoommend it. On the other hand, I detest Windows 10, which seems to be mostly a platform for social media-izing and buying stuff. I will probably switch back to Win 7 Pro.
Thank you, Rcks. Much appreciated. I still think there is more up after this next decline which should be very soon.
~d
Thanks, North; saved it into my new comp. ~d
LOL~eom
If you were sorry, you'd explain. Apology not accepted.~eom
Thanks, Rcks, much appreciated. My eWave genius guy, who asks to remain unknown, thinks that we are in 5 of 3, not 1, and that it may end up being truncated.
Still waiting for an update and when I get it I will share his thoughts.
They ramped up the SPY 452 call tomorrow to a volume gap, then a lot of calls were sold there AH.
Could be that even if we surpass 452 SPY in the AM that the action will be contained by that price by EOD.
Haha,
One of the things I have learned in my time as a trader is to be polite and explain things to people who ask.
Your answer is not appreciated.
~d
Thank you, Northam, would it be too obnoxious for me to ask for your tutorial posts on the cycles again? My computer busted in July and couldn't retrieve my folder with your posts, when I bought a new one.
Last time, I promise. I will save these into my backup drive.
Thanks for clarifying, Rcks. Does he have any expectations for 2 yet or is too early?
Tia
Uh oh.
Rcks,
I may not be reading the update correctly, but it seems that he is not forecasting a confirmed breakout but that he is saying that price needs to hold above the black line and it has failed to do so, as of yet? And as a result bulls need to show caution.
What am I not seeing?
I read on Twitter last week that Carl Icahnsold a ton of SPY October 15, 360 puts on the SPY and the thought i that it was a hedge against shorts. Memory hazy, so not sure of the exact expiry and whether it was SPY 360 or SPX 3600.
Could set a cap on any decline.
This action reminds me a lot of February 2020, with all the bears throwing in the towel. Dangerous to make comparisons, though....
~d
Haha,
How do those opposite MACD's serve you as a combined indicator?
TiA
~d
Might want to add the ever decreasing volume on this last rally as one of the criteria...
OT: Anyone know any decent document forgers with reasonable rates? Please pm me if so.
Thanks in advance,
~D
I thought that was a picture of a magnifying glass.~eom
Is that a magnet or a horseshoe?
I recently posted on Twitter that the last, and only, time we had $NYSI this low with SPX on a running streak was late January of 2020.
Funny how $NYSI has lost it's cachet. No one posts about it any more, but they should. Very important, especially when used with $NYMO, $NYUD, etc.
Excellent!eom
OK, I'll come out and say it. I'm shorting MRNA since 405 and terrified. A really great trader friend (great trader and great friend) turned me on to the short.
LOL.
Yes, haven't seen it this low in a long time GEX never gets even close to 0 these days since everyone started front running gamma around the time of the Wall Street Journal article on it. Squeezemetrics has been having some great conversations about gamma and what's been replacing it (dealer inventory) since then, lately on his thread on Twitter. I have subscribed to him for a couple of years now and he had to go back to the drawing board for a while. Very honest guy.
However, I have noticed that GEX, like other more classic and boring indicators, can have a bottoms below bottoms formation before a crash. Interesting.
Thanks for sharing, Northam. I think it may start next week and pick up steam in September. Remember how the March crash (I don't think that this will be a crash) in 2020 started with a little trickle in the last week of Feb?
It's the trickle down theory.
Hahahahaha
Got scared and changed my mind.~eom
OE? Is this technitrend stuff? How did you decide on that number? You've gotten so good over the past few years. Tell me all your secrets.
:)
I am short going into September. I am expecting at least 4170.
Posted this on one other board.
Be careful, bears. Might be one last head fake up to 450 or even 455, then methinks straight down.
Or - straight down.
No new fancy trendlines allowed, mushacho.~eom
I am short going into September.
This is not a day trade. I don't usually post my exits.I am expecting 417 at the very least, and hopefully 386.
Best regards to the board.
WSt sign? What's that, NewYorker? Great job Thursday, by the way!
Yea, good call, Ferda, I noticed that. No more -GEX days anymore for a long time.
But you can still see patterns where corrections could happen in both GEX and DIX.
Hindenburg Omen on Friday. Hasn't happened in a while.
Look out, September. I think 3860 at least.
This is not investment advice, lol.
Looking for an eod selloff.
Thanks Pennyes,
I have a theory that the day-trading rule was set up because too many traders were making money, not because so many were losing money. When did Wall Street ever care when we've lost money?
:)
I don't think so...
LOL, you crack me up.