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Im waiting for one more confirmation before i bite. but im with you think were on a upnorth trip soon. Hoping for my confirm then dip to grab some calls.
fair enough. patients will be the hardest part of the next trade.
Its ideal for bulls i think for that area since we bounced there before and were close to os. Could be a good launch pad.
still has a ceiling 194.35 happens to be 12 ema on 60 min, think it needs to round out a bit to get momo to punch north.
nicht gut
Thinking bottom will be just below yesterdays low 192.30ish . Whats your thoughts on bottom for this round?
yup agreed. think next leg down starts soon.
that's crazy, the irony is GM scandal was far worst imo yet there not villains at all. No emissions snuffed out any lives, least in short term.
i would hold them as well and just ave down if we drop. Selling is exhausted OS near imo
60min BB still suggesting another leg down.
Whatup Deej
yeah i was picking up what you were laying down.
Hypothetical question if we had been oversold and not overbought do you think we would have got a different reaction? or selling the news was baked in?
were very close to os on daily stoch, if there is any drop today i will be shopping for calls.
yeah we should specify what interval we are looking at to clear any confusion on the board. ie swing vs scalp
Good points imiloa, Although i think the fed is a side show and are at the mercy of our technicals we could see good swings pre meetings instead of flat like what usually happens.
i concur doctor.
Agreed thats a good explaination on how to speculate the next move when using the bands signal along with stochs.
The BB still has a few days to develop btw this move could be after the next oscillation.
No, but my thought is will be continuation down. FWIW SPX P&F had a bullish reversal today target 1830
Daily BB getting tight suggesting a big move soon
The Chart is riddled with DOJI's now! yeah most oscillators are oversold. the daily is still pointing down were just about there, I want to wait for confirmation on calls.
I dont want to get caught holding a load on massive gap down.
Im in all cash pretty much only a few puts for oct. Waiting for bounce
Yeah. I still think selling seems exhausted but from what i can see on 60 min there is still at least half a day red.
if they pull a stunt and gap up it will just prolong the downtrend imo and be counter intuitive for bulls.
Cheers to a great trading day all!
look at all the upper wicks on that run on stops on the 2 min. Sell sell sell
think one more red day. Maybe starting looking at calls tomorrow afternoon.
she is saving her farts for the eow when she speaks. lol. this might be hillary tweeting a apology to all the biotech CEO's
so you grabbed calls?
better to wait then jump the gun. GL
It does appear to be heavy def agree with that. Selling seems exhausted though. Just a hunch im not buying anything till we see some confirmation.
think a significant move before eod either way. Cant be 100% on direction although the 60M BB earlier today was suggesting bottom was in. When it flares out like that usually pretty accurate.
big sales on this 2 min.
Unloaded most of my puts already today. But i just notice the bollinger band on the 60min flared out, suggesting another leg down. we shall see.
morning
lol
could be a swift break we have a little ways to go before we hit oversold on SS on the daily.
I dont want to get excited but this looks like it could get real. wouldn't this move if it stands now break the tread line on bear flag?
gotcha well maybe you can make enough money to tell your boss have a nice life... :P
looks like SPY sh)t the bed last night whatup
GM SPY traders.
i agree this is just getting the smaller fractal oscillators out of OS.