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.
been waiting weeks for this, was sure not to miss it.
Averaging down on these @ $1.00. Holding 60 contracts total.
Something is brewing. Large sell blocks going through the past 2 hours. The sell off is nearing. Get ready to load puts.
The government is directly buying SPY. It's impossible for SPY to be this strong otherwise.
No ones been posting any TA lately on here, just chatting about general market news. No one dares to post a chart because it will end up being completely wrong. People are giving up on SPY technical analysis.
Growing consensus among traders across the internet that this has become a total joke.
FWIW, Bought May 20th $204.00P for $1.22. Sell volume increasing throughout the day, FANG looking weak. AAPL will tank after earnings. 204 tomorrow.
How can SPY do the same thing every day for 2 1/2 months.
Unreal.
The myriads of TA, I use the 4ema and the 10ema, many others constantly talk about the 9 ema, others the 13 ema. Others this or that sma/ema. You use the 4sma and the 8sma. Countless interpretations of the same chart.
One possible theory put forth by others is that we still have years left of this bull market, and that 2015 was a consolidation period. 2016 would see SPX breaking out of that consolidation with a target of SPY 260 by 2018.
UVXY at $15, time to load the boat. I'm going to be betting against a push to ATH.
Don't become an overconfident bull.
This will be the 10th consecutive week SPY has failed to trade below the previous week's low.
Yesterday at open they quickly ripped this 207 to 209 in an hour to screw everyone who went short into the Doha meeting. All strategic decisions made by big money and executed using algorithmic trading software to take money from the little fish.
For me the 4, 10, 21 and 50 EMA are valuable and what I use.
In my experience TA works sometimes and sometimes it doesn't. This week and last week TA did not work at all. The 2 weeks before that TA worked well for me. I made a series of trades using specific TA between 3/28 and 4/8 and they all went well. I did 12 small intraday trades in a row and made money on each one. Starting last monday until present , the same TA I was using became useless again. 4 Losing trades in a row all using TA. I think it has to do with the fact that the level of bot manipulation varies from day to day and week to week. The manipulation is not always at a constant level, IMO, although always present in some form. A good example is the week of 2/29 to 3/4 which was a very heavily manipulated week where SPY bot grinded up non-stop from 194 to 200. All intraday indicators were useless for making trade decisions. Other times things can be more favorable for TA. It all depends.
They rip this back to HOD and it will be another award winning bear trap, just like last tuesday.
This could be the real reversal point, we made it to 210 which seems to have been "their" goal. Now we are selling off here, tomorrow could see a big flush, I am contemplating a large position of next week puts, will see how the rest of the day plays out.
VXX is a person?
They were June 17th 170P, so far OTM at this point I feel it's best to just get rid of them. Regardless I plan to catch the entire next move down, even if that means being early. This rally has cost me so much money so now I will make sure to profit from puts on the next trip out of overbought. I could make that 100K back by spending 50K on weekly puts like I used to do a few years ago. I used to trade extremely risky but it has mostly worked out. I will bank on the next big red daily candle
Bought 20 contracts May 20th $208.00 puts for $2.46.
I agree, real people aren't investing at $210.00.
Sold June 170P at $0.21 from $6.85. Salvaged 4K. When it clears tomorrow I'm gonna use it to buy my girlfriend some expensive clothes and eat out at expensive restaurants, that's a better investment then long term puts at this point in time. I'm not even the slightest bit mad, no one could of known the fed would lift the market like this. Life goes on.
I'm done trading for the week, can't trade this machine controlled absurdity. This is just artificial intelligence software battling each other for money, no real trading between people taking place.
When futures rebounded and we only opened $0.50 cents lower I saw the writing on the wall. This is going to keep going up for now. Nothing in the world can stop it.
$208.00 by 11.00am EST.
Could see 210 tomorrow.
There's gotta be some kind of pullback on the horizon....there just has to be.
Bought April 22nd $206.00P for $0.72. I'm buying puts every week from now on until this rolls over.
A week of manipulation, the most since the week ending 3/4/16.
MOD WARNING: MMA, you need to post the relevant TA associated with your claims of "following the paper". No more personal attacks and back up your claims with actual data, or your posts will start dissapearing. Are we clear?
I can make a sticky post, you can PM me with what you think it should say and if I like it, I will post it.
You guys do know what the VXX is right? VXX's movements don't indicate which direction SPY will move. It is a measure of implied volatility on SPX index options, VXX rising means options premium is rising, which doesn't necessitate the next move has to be up or down it just means people are anticipating a move. Could be up or down. From various posts on here it seems like people are misinterpreting what the movement of the VXX means. VXX does usually drop when SPY is consoldiating or going up but that's because of the time decay (contango) which makes the VXX go down even if the market is flat. I think people on here might be reading too much into every little move VXX is making. It does not tell you that much all the time.
in a strict sense VXX going up does not mean spy will go down.
Solid resistance at $208.
Stealth distribution at $208, not many buyers here.
Good post.
I know what bollinger bands are I was asking for data on what actually happens when SPY closes above the top BB based on historical charts.
SPY has closed above the upper BB, however I am unsure of how reliable that is for indicating a reversal, does anyone have any data on what happens after SPY pierces the upper BB?
Yeah they executed that so perfectly, I have to respect it. They psychologically manipulated people to make them think it was gonna tank, only to do the opposite. Amazing.