s
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
yeah adx is very telling on 2 min spy never hit that type of power on the 11 day break from getting hammered.
im seeing the gap fill from last week on spy. not turning around
paying due's nothing wrong with that.
Great job!
LOL
think she overshooting the creek and aiming for the hudson
paint starting to peel off boys b girls
agreed nobody wants to play this fun game today.
bogey time.
what PAR is this hole?
LOL thats nasty SPY!
think so, like i said this morning when i see moving ave crossover bearish on the 60 min it takes a few days for it to unwind and cross back over bullish.
And usually rejections on EMA cross like today will make the process longer
30 min has pivot support right here. if it hold might just drift. But the adx swung wide bearish on that last candle. sto is pointing straight down.
i think fozzie is telling him jokes.
some exceptional weakness here. Might blow right passed this gap.
30 min ADX X'd over bearish.
gratsi!
agreed this was a good rejection nobody is going to buy this poopoo
Out at 1.14
Cool they may revis the hod but they should do ok on retrace.
High today is 26EMA on 60min unless they do low vol levitation going to be hard pressing that.
just added 195P spt25 @.84 for scalp.
gap u
Yup think its faded. they might be clearing little rm PM to make it look like a gap and run, and either this afternoon or tomorrow we head for the gap fill just below us. 193.80
i agree, but not just my gut. When i look at the 60min chart i use this as a couple day trend indicator we had a 1O ema xover under the 20 ema just friday, usually takes a few days to unwind that x over.
They usually will gap it and tag those EMA then fade. If they hadn't crossed that's a different story.
Good job with grabbing those calls. IMO i would sell 197.30 area, gap up plus overhead supply will be there think we fade and fill the gap above another day. GL
Make sence. Thanks
Yeah i do understand how it normally works. But there is some disconnect. The fed has investors worried so natural they are moving to safer investment. I guess it would have risen either way?
Ok ill look into it. I wasnt really clear what the author was concluding too with the question at the end. So he is saying will see a move up this week?
Probably someone did know the fed wouldnt raise and would be really dovish making equity investors run to safe havens. Options here are pretty good considering its not the most liquid. Spreads aren't great but you can prob bid ahead of the curve to grab a good price.
Long term would like to see SPY drop low enough where us common folk can start covered calls, anyone hear holding spy stock long and writing calls?
Gold has its appeal to bad technically its train wreck. Im going to buy physical gold bullion when the price drops below 1000 n ounce. Like me some pretty Credit Suisse stamp
Interesting. But its a cliff hanger if your not a elliotiticians, what is the answer to his last question?
Yeah i noticed that as well.
I agree about demoralizing ouch.
Was checking IWM daily. The upper wick of yesterdays candle pierced the top Bollinger band and closed back in the band. When ive seen that usually means its owes a visit to the lower channel of the band. If not breakdown all together.
Think the close below 195.50 the twin candles on the daily and the weekly candle on spy looks ominous.
I know sorry i put in some extra resistance lines to make up for it. shh dont tell the bots.
thats cause i erased the support lines from my chart...:P
Looks like its spring loaded. When we had a new LOD i thought sellers would have poured it on but nothing. its weak but we all have seen what they can do with lack of vol.
yup sounds about right. who would buy this on a friday after yesterdays stunt? dumpage.
i think so too. Check the sto slow on the 10min ive never seen the slow act like that. it made a fast sto move.