They will launch a nuke a blame a farmer with a internet connection for speaking falsehoods on a chat rm

OT but I love how they expected no volatility after their market went parabolic. They go and arrest folks for causing it by spreading rumors? Bazaro world! As smart as they are there sure dumb as hell when it comes to market dynamics.

Cnbc saying bear market a lot. time to put on your bull suits. Sharpening my horns after the next test of last weeks lows.

Deep in the money. delta will be beasting if we have another plunge.

Ever notice futures see-saw with the price currently trading on index? For instance futures will be at new lod and spx will only start to go down when futures come off its low.

Futures SPX -21.75
Naz -55

There you go again with your silly TA :P

hope i didnt put it in to tight. haha bstards.. still seems weak all around at the moment.

Stopped out.

gotcha thx

besides the candle what tips you off to bot buying. L2 and time of sales?
L2 on this thing makes me dizzy so i usually dont leave it up..

Think the window closed?
since then 5 min Macd had bearish divergence. ADX drifting low. Seems stuck in a rut.

B Bands are tight all around move should be soon like you say.

Open a few sept 11 198C here just in case they go bot wild. tight stop

Good Catch mate i def need to keep breadth in full view so easy to get distracted by all the other noise.

yup seems like it. I wouldnt take any pattern for granted though. Really can get blindsided (whipsaw) on small fractals are happening constantly now.

For sure if they can break HOD fri 199.84? some bot just got happy heheh

For sure if they can break HOD fri 199.84? some bot just got happy heheh

Do it Do it. lol

I see that as well. They have room to push it up little higher without the weight of the daily techs holding it back.

60 min chart adx crossed over bearish def stalling here.

I use intraday default stoch settings. the setting i configured on the daily 5 , 1 is gives me better reading then the 14, 3 so SPY most def can rise here. But on a bigger picture daily chart my setting tells me be careful going long.

Fair enough USdollar i will work on a better detail later on today. I understand where you are coming from. The setting help me determine when its time to load calls are puts simple. the default chart stoch settings were not fully reaching overbought or oversold. When the simple 1 line setting is pointing down from overbought i place puts. when its leaving oversold i place calls.

And as noted they can remain in there LOAD ZONE for period of time. so spy can go higher here. But i can assure you when it points down leaving this range overbought it will drop. The 14,3 setting on my default chart dows not paint the picture for me.

break it off son

Yeah and according to my stoch setting that dont work we are overbought and about to drop... :P

Gap down would kill my strategy too. Wanted to see gap up into overbought. We shall see.

If we hit the circuit breakers again tomorrow im taking the rest of the summer off. Our SPY puts will be ripe

Hey thats better then Bill ackman can say hedges are getting served.

http://www.usatoday.com/story/money/2015/08/27/bill-ackman-pershing-square-hedge-funds-markets-losses-august-china/32471863/

To each his own. Options have been working good for me personally so i don't trade equities directly anymore.
I try to stay disciplined and what has worked for me. Thx for sharing your thoughts.

Yup. Even if im confident on direction ive been play ITM or ATM lately cause the prems have been paying well and commision is cheaper if im buying 10 or less.
last monday ITM option i bought for 3.70 ish previous friday sold for a hefty 16.50 per con.

The MACD is telling on your chart as well. When it widening after a crossover spot on.

I try to play close to strike as possible. 198.5 strike. its more lucrutive to play otm if you have the direction and the timing right to bank good. but ive been burned to many times by playing to far OTM. You may pay more per con for atm or itm but for peace of mind i believe is worth it.

Thats what im hoping for even though i took starter yesterday .It was just in case the bottom fell out like last friday. My exp are sept 11 as well.

I think couple more days of green ahead mostly stalling action but will hit exhaustion in overbought we can fully take advantage.

60 min chart is suggesting top at 203 ish but its already overbought so not sure if it will have gas to reach it. depends on catalyst i guess.

No this config is only for daily.

Slow stochastic config for daily chart only.
%K(5) %D(1) Oversold 20 /Overbought 80

Backtested 99.9% accurate for loading zones. Historically they can stay in overbought and oversold for number of days however since march its touch n go there not staying in these loading zones long.

SPY currently at 73.91 pointing up will be in sell zone monday
Aapl currently at 92.52 ready to sell overbought
TLT currently at 9.74 flat ready to buy soon.

Most darling tickers nflx nke ibb aapl etc are all cooked ready to drop like a rock.

If anyone is thinking of doubling down on there bear trade with vix think about TLT. VIX is great for short term but we have better option in TLT calls.

VIX happens to be in backwardation why vxx is higher on little downs on spy. But it wont last forever. They kill vix on purpose bc its the easiest to manipulate. Treasuries however will hold there gain even when the market is flussy like the last 5 min today. Tlt has options just a thought....

Move to TLT
Vix is in backwardation the only reason why they cant hammer it as much as it use too. They cant f with treasuries. Eventually vix will be tossed into the wind again.

There is some fed clown talking at jackson hole tomorrow. Suppose to be the most hawkish of them all. IMO he will say something that calms the markets.

We will gap up monday into overbought. And then the street will wonder why the fed is being dovish. Thinking the economy isnt as strong as everyone thinks and we will resume plunge. Fed doest mean crap. So much technical damage has bean done this week it will be months for real recovery.

yeah Puts i bought this morning are looking nice. Stochs still pointing up hoping for gap up monday to load more. Real close to overbought..