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I just loaded June 200 puts here with reckless abandon, I'm betting we head lower into the rest of the week. If the move after 2PM is too strong upward, I will cut losses.
Too much noise to me but ok. Carry on.
Mr. Neutral, I need you to add more meaningful content to your posts. Frequent posting is fine but make sure your posts contain less noise and more articulative TA.
SPY is all over the place. I want 202.
200,000th post on this board.
Distribution complete, liquidation phase may commence. 200 tomorrow.
chop chop.
Point taken.
This manipulation of the market is out of control. Someone needs to go to jail for this.
There is tons of Call OI just as there is tons of PUT OI.
Why are we going up?
SPY is unreal.
Expecting 200 tomorrow. Will be looking for weekly put entry at the open.
Yeah we should see some decent volatility next week. I will be watching UVXY closely.
I feel we will not see much range up or down in the upcoming months. Someone pointed out how the market went sideways for 12 years about 40 years ago. SPY could trade near 208 for the foreseeable future. Most are expecting some kind of meaningful move in either direction. Those expectations may go unrealized. The feds monetary policy decisions and direct manipulation of the market reduce the downside risk. Earnings and other outlying economic fundamentals reduce upside potential. I'm acclimating myself to trading the range we are in.
I do use my own TA, I've never stated I don't. I'm not a TA basher, earlier I did imply that the next major market move will catch the majority of TA people off guard. I look at tons and tons of TA by people daily, and especially in the last few months, a significant majority of it is wrong. That means some people's TA does turn out to be correct. I do use TA and am not bashing it. Based on the amount of totally incorrect TA I have seen in the last 2 months, I think it's fair to say that computer software programmed algorithms have been "owning" TA people, which of course does not mean everyone.
True, I have to consider that different peoples TA could be saying entirely different things.
Looks like TA people are about to get owned again and spy will do nothing close to what the TA is suggesting. February and March 2.0.
Sell to close at $1.08. Keeping my losses small.
Intraday chart now looks like it's headed for $208.40
VXX looks like it wants to break out to the upside.
Bought May 13th $208.00 puts for $1.18. Daytrade.
Interesting moves this week. I'm leaning towards more upside next week.
SPY is in a downtrend now.
GuTA is BET, he changed his nickname.
sell to close at $1.40
Are all these trades weeklies only?
Buy to open May 13th $206.00C at $1.48. Daytrade.
Many are/were holding positions for a full sell off day, meaning no bounce back intraday.
Bears just got owned big time.
This intraday reversal could be a dead cat bounce/bull trap. I wouldn't take calls or puts overnight here. Tomorrow's candle will be crucial.
If we close above 207 tomorrow I'm buying some June 212 calls. Staying all cash until then.
Good thing I bailed on my put trade fast, another bear slaughter taking place. I won't be slaughtered by puts anymore.
Yes but there surely seems to be more hands on manipulation by the fed taking place the past few months. People who have been trading for over 30 years are saying they have never seen this much manipulation. Now it's not just monetary policy, but direct intervention by the Fed.
I don't get what you are trying to say.
I was a permabull for years but became a permabear this January, and it has cost me. Starting this month I am no longer going to be a permabear. I urge all bears here to realize that the central banks of the world seem to be on some kamikaze mission to over inflate global markets and prevent a collapse. I am retreating from my heavily bearish outlook for the time being and staying neutral.
Sell to close @ $2.20.
Bought May 13th $207.50P for $2.41.
I think SPY will end this week higher. The selloff of the past 2 days was weak considering how much SPY has rallied recently. A sustained drop could be months away.
I closed May 20th $204 puts at $2.28 yesterday from $1.22 and $1.00. 7K in profit. I have no idea what happens next. I don't feel confident in more downside or more upside. With the amount of robot influence we've had the past 3 months, I don't think the chart is saying much about near term direction. Trading SPY less and waiting for good setups is working much better now as SPY violently zigs and zags intraday under the forces of manipulation.