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Yeah we were in exhaustion mode there. I expect to see some bearish crosses in Slow sto 1 year today with this open.
could be, Im planning on recouping as much as possible with the cons i have and rolling out to oct 30 200P right now im taking a bath on the OTM puts at 196 for this frid. Hopefully we see some breakdown in EMA crosses today
I see ema that i use breaking down in the premarket action. good sign
GM dannyXputs
And futures return to norm.?. Dow futures were +75 haha now there +17 flash spike?
Just notice futures jumped big.
Oil futures only -5% spy common we know you got a green close in you.
LOL
Top of the 60 min BB curling back down again.
private SPY get your worthless a$$ off this obstacle course lol
HA! Yup i can see the headline now. Crude and WTI plummet -4% and equity market rallys for new hope of QE4
agreed its fading here. will see what this chap has up its sleeve for tomorrow.
also negative breadth on a few of the indices and russels had been red most of the day.
yeah it has.. this is the first time ive seen it start suggesting top. But as all know we need a confirmation from the following candle to lock in the top bands direction.
60 min hasnt pivoted since 10/6 spy is a banshee. anyways were on the next candle on 60 min so far green top bb is flat again not curled down.
showing signs of rolling. bunch of bullish indication still in place from this rally so it would surprise me if we just plummet more then likely will grind lower if this is our turning point imo. bravo for the rally to nowhere.
BB on the 60 min started to curl down. We need a follow through on the next candle to confirm roll time
60 min is still sitting pretty lofty. would like to see it start to roll
All are welcome to share for sure i mean least it got me to look at a oil chart, i haven't been following it much. And if ppl stick around long enough they would come to find out most of us are just swing traders using options and could care less about bull/bear sides. What ever brings home the bacon.
i know imiloa why are you so mean?
J/k prob better boards for oil technical s i would imagine although i dont cruise around looking for battles.
could be or it might be big players front running short and making there position bigger while they can. selling to the magical bid staircase up.
where is our oil guy from the weekend? thought there was nothing bearish on his chart.. needs to change the config on that or he is going to lead himself and others into a smokey abyss. oil is getting crushed.
so true. heard mentality for both directions. and theta is bringing the pain on puts.
top BB band on the 60 min finally went flat so this can be a turning point. Buying pressure here can change it though. Until its curled down suggesting selling pressure this thing can still go up easy
sounds like a plan. Im going to roll out my position when i see a opt right now im down over 50% on puts. i have them right at gap from last week so hopefully we get around there this week and i can recoup.
GM all
Ah i didnt say that it couldnt. I said it did fail. But my first comment suggested your theory of 200 tag was possible if it can this week. Anyways i think u missed my point about the indexes. I was just stating a pattern. Not all the 50/200 crosses happened at once. 1,2,3 and now ,4 the nasdaqs turn. Could be a turning point i leave possibilities open.
Ask anyone here i play both sides so my view is not bias just looking at the chart and calling it like i see it. Very weak long term. Short term there has def been bull
If the nasdaq can get to that point i think 200 tag is possible. Friday nasdaq was rejected at its 50.
All the indexes had a similar pattern of failing at the 50 after initial crossover, First the dow had the crossover market rallied failed at 50 then we lost russels markets rallied failed at 50. Then s&p was lost we rallied and failed below 50 on 9/17. and last but not least the recking ball of all momo stocks nasdaq had its cross we rallied and it failed friday. Will see..
Big difference from a year ago 50 was above the 200 its gonna take alot of work to have 2 month rally.
If you put 50/ 200 on that chart its ugly, switch it to daily with the 50/200 and wtic was rejected on friday at 200 ma slow stoch pegged in overbought with a bearish cross.
same here, Im kicking myself for not listening to my own advise earlier in the week and timing this for put entry, jumped the gun and now have been averaging down.
I feel confident tide is turned just might be day more for real selling to kick in again. scalping today i notice the selling pressure was def there unlike the last few days.
ughhh there u go with that tech analysis again. Today was fun changing diapers while scalping spy, the irony.
I think monday will be a bigger doji imo then will see real weakness. Although i hope this one was enough.
Love the chart and i agree about shorting to soon. Im kicking myself a bit because i said i was going to wait for that moment your describing on 60 and i went in anyways on wed.
Seems stretched at the moment and needs a consolidation to carry on imo
curious about wave TA can you post up a link that is easy read on newbie to that form of analysis?
Thanks for this post imiloa makes me feel less crazy for opening puts haha
will catch up later for sure in more detail have a busy morning.
GM ALL
Vix bounced off 200 MA today. And i dont even have to say were slow stoch is.
Likewise added more to my put position. Chart is bullish for sure. Something seems off about the move up cant put my finger on it. Like an elastic band stretched to its limit.
Were u refering to mid bb on daily? Cause that was my thought and happens to be where we left a gap. 195/196ish.
Ive been referring to the bb on 60 a lot, was looking for upper wick pierce while the top band stayed flat. But that has not happen yet. And may very well happen on the daily chart in the next few days at this point. Just like iwm did a few weeks back that signaled turning point back to the bottom of the channel. When n if we see that it will be screaming load short so im not sure how obvious the crooks want to make it.
yeah i agree have a GN
excellent i have .69 ave on 196P oct 16
what happen to aapl today? SPY top holding nothing stands in its way hahaha
grabbed some more of the same oct 16 196 @.46
gotcha spinning top turned into a doji looks like they will try to close out with it as a hammer or not? will still be looking to grab more puts when it closes back in the band maybe ah
60 is still bullish holding just above the top band with a spinning top. fading