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grabbed some nov 4 vix 18 calls
and spy 196P nov as well.
Grab some vix calls asap this fr is toast.
ViX bottom wick on 60 candle pierced lower bb band. Could be a wrap for spy's little run. See if the candle closes as is..
rolling
weak
When i see those shenanigans start here im looking at the 196P for Dec 19. There is a big old gap in spy's tooth their and 188-189 gap aswell
It may, I have played the long side the last week and some days you can tell the algo's are running stops and there is no looking back. but yesterday when the musical chairs game started makes me feel they can pull the rug at any moment.
There is still a gap to fill on spx and spy. Spx shows it on its daily chart but spy has it painted on daily but you can see it on 60 min. 207.23 208.17 back on 8/19
This looks like exhaustion gap to me but could do the trick to squeeze over that congestion. still on my hands with Puts in mind.
Seemed like a boring day today. But stepping back looking at some daily charts and im getting that hunch we make move soon. Tomorrow should be very telling..
We tagged that descending tread line and started to retreat right next too this should be fkng interesting lol.. Starting to get a sense were gonna see some movement here.
Well put our thoughts align. Take a look at dow weekly chart. Finished with doji tagging its 50ema. And a doji on its daily tagging 50 ema think tomorrow will give us a good idea if we pivot soon.
Dec is a pretty safe bet imo. I might do that or late nov tomorrow if we see cracks start to show.
Nice gl with those, looks like vix is trying to turn a corner hope its for real and we see that swing low asap
Thanks Caoi hope all is going good with planing your next trade. Im bit frustrated at the moment. No volatility is making scalping difficult in either direction. Might just have to save my peanuts till there is a real move. tic toc tic toc..
Glad you sensed the sarcasm there. lol good luck with your weeklies and enjoying pain!
will someone pls kick the bucket already! 67M volume woohoo
FWIW 60 min bband is supper tight. Move should be in about 24 weeks at this rate.
Hey gm yes that is on daily chart. Im just using the macd cross as a "get ready" momo is shifting not for a specific entry.
If the market is flat that indicator is misleading like you said. but if momo changes drastically we should see it show up in the histogram.
I usually time my entry on smaller frame 60 min for a swing trade when the bb is getting tight.
I agree, it will let us know when its starts winding up. Just for haha's ill post what targets i have in mind and reasons.
VIX 12.80 Bottom of bb on daily still pointing down, gap fill in that area. Looking for macd cross and sto cross on daily to confirm reversal
SPX 2078 top of bb on daily is still pointing up. Gap fills on spx in that area. Looking for bearish macd cross and sto to leave 80 to confirm reversal
Think when business is complete will turn fast to these levels.
SPX 1960
VIX. 26
I only see bullishness in the meantime even though i think its fluff. i wont put a time on these targets only know when i see otherwise.
Prob keep my posting at a min bc im trying to focus on trading on 2 min chart. I like this board but i notice my performance is better when im not distracted. When enter swing trade ill post up and yell at spy with you all lol.
Was referring to SMA @206 price
10 sma yup that is where i got whipsawed. It was looking like a pivot down started on doji, fail candle, sto crossed over bearish. Then 10 sma ruined my trade. Good catch. Imo when we pivot for real its going to smash through all that support leaving bulls perplexed so i wont put my money on it for another bounce.
Im going to be keeping my eye on the weekly macd as well. Curling up below 0 line i expect it to fail crossing signal but you cant rule it out if it does.
Good post.
Yeah the slow sto is cooked. Scum are like how do u like ur pig well done or burnt? The oscillators are a given at this point timing for me will have to be on momentum indicator going bearish ie macd or ema crossing. Cant afford to take any guesses again.
With death cross at play on daily and that monthly bb tight you know where my trade will be. some weakness on the daily chart first before i put in a swing trade again. Think that monster move down happens on the next breakdown here. Just matter of timing this pig.
Monster move when that thing breaks.
Look at that bb squeeze.
Yeah when it turns it will prob get ugly real fast no doubt. Have to look for weakness on the daily now, As opposed to the 60 min imo. My signal for most swings on 60 min was a whipsaw this time around.
Looking at the weekly spy chart. We happen to be at d50 almost on the nose. 203.93
Riskon is that the same price the TLine is at on the monthly?
Could be a turning point. Guess will see when we get there. Till then having fun scalping calls on the dips When she rips like today sure was nice to see green after taking a hit on my swing trade fail.
Have a good weekend all!
Room to tag 200MA? Also thinking that gap fill on spx just above 204 from the crash is def a target. Watching for a pivot there.
No positions currently. Not sure what way this will swing come monday.
Took a loss on my puts i open few days ago but i feel better not having that over my head this weekend. Keeping powder dry for nice reversal day.
Sorry for the late post sir. I bailed on my puts this morning and have been scalping all day. She has clearance maybe top of the bb on daily?
Down but not out. Nice run on stops today, nobody can handle that better then efficient algos. Cheers to those that grabbed calls for the ride. Gn all
ruff ruff
Think it about to cool off here. Turn from the fall yesterday was to sharp. Headfake.
Just added more 200P for next fri 1.50
think it will be few days to unwind this move down, Ill grab more if she goes any higher.
grabbed some 200p for next friday 1.87
Yeah i think pullback my self but keeping tabs on 50 day daily short term above it. You see that lost loadum up long Puts.
looking at 200.70ish for a short term put entry. wouldnt go to far out the money here.
Cool thx i dont think were close to the handle yet. If you go back to the last one 2011 it took over one year to develop and confirm.
the handle wasnt made until april of the 2012 then the shake out poof next bull market.
Longer the base builds the better.Provided there is no new lows. If this happens to quick its a recipe for disaster as many folks will buy in before confirmation. It will take alot of accumulation by strong hands in the base to support the shakeout on the handle.
Def watch that 50 she is lost ill run in on some LT puts. For now ill just short term trade.
this is a cup n candle with a breakout pattern.
Yeah i agree i may have missed a gap down opp. but my gut was saying clear the deck and make funds avail for a bigger move. Looking at the 60 min yeah it broke down it gave me my signal to be ready. From this run up imo were still semi-bullish on the daily chart, im not all thrilled with thought of missing the boat but i have a hunch we have a visit 200 201 area again thats where ill stick with my entry plan on LT P's.
Pattern i have found on 60 after my get ready signal usually has slow stoch deep in oversold. Usaully bb will firm up just enough to head fake but i know its just a head fake cause my signal is good for 3-4 day pattern before reversing. So i wont be scared to take on any run.
If i miss a huge gap down lessoned learned i think having that seed position is good for that the un known opening next trading day.