On a longer timeframe the chart looks bearish. Tempted to get puts here but it could also rip back to 200 by the end of the week. I'm staying on the sidelines and playing penny stocks until the chart becomes more clear.

Me too I can't log on at all thankfully I use Scottrade to execute and just use TD because I like their charts.

I just got burned sold my calls for only 2K gain when I had a 12K gain 20 minutes ago.

Good entry.

Many sellers.

there we go.

Looking to get out of calls and into puts. Will wait until EOD to make a decision.

No hedges for me. All calls 20K worth. GLTA

Added another 100 10/16 205C.

Looking strong, could see 203 tomorrow. FOMC pops can be huge, the march FOMC pop was 4 bucks and this is an important meeting. If no rate hike we will see a big pop IMO.

I got 10/16 205C.

Yeah 205 by end of the month. We're in a larger up wave right now.

Well yeah it's not a true cup and handle pattern but it looks bullish for sure and look at the slow stoch and macd, both look clearly bullish.

What are you seeing on the chart that is bearish because I don't see anything.

Bullish wedge pattern on the daily chart, big move up coming soon. Holding 100 contracts of October 16th $205C bought on September 10th for $0.75.

Sold overnight 195C $2.42 to $3.35

Looks like I'm in the minority, took some calls at the close September 18th 195C @ 2.42.

Hope we drop now into the close so I can buy calls again.

yeah this eod move makes the chart still look clearly bullish. All these drops are being bought.

huh? I bought some calls then sold them a few minutes after. Went in too heavy and I am not feeling confident enough with what the chart is telling me.

To all the lurkers, it would help if more people chimed in and shared their charts/projections/theory/thoughts/. 19,000 views a day with only a handful of posters, and 2 posters making up 90% of all posts.

I changed my mind and sold calls. Chart at a crossroads here. Could see 184 next week or 198. No one knows.

Bought some sept 18th 196C here.

tomorrow should be interesting. If no big drop tomorrow then I will buy my November 200 calls.

Massive dump possible tomorrow.

Technical Analysis:

On the daily chart:
Slow stoch = Bullish crossover
Fast stoch = bullish
MACD = looks like it's about to cross bullish
RSI = bullish

No ups battery backup?

Sell to close 10 contracts September 4th 196C @ 1.50

Buy to open 10 contracts September 4th 196C @ 1.28

Based on the chart pattern if we get an eod rally and strong close over 197 that would set up a move to 200 next week. if we dump eod then wait on calls for another dip to 194.

Daily chart is now showing a clear bullish pattern. I think we finish September above 200. I'm looking for a good entry to buy 50K worth of November 200 calls. If things play out how I feel they will we could be at ATH again by mid November or much sooner. Of course my outlook could change depending on how things unfold. After the drop to 182 on 8/24 I was bearish and expecting a larger move down but based on the chart movement we've seen after that drop, I'm now thinking we see a recovery.

Out 194C again @ $1.70 still expecting a close above 194.

Took calls again weekly 194C @ 1.40.

Sell to close 25 contracts September 4th 194C @ 1.65 (+$409)

I'm thinking close over 194 and a hammer on the daily.

Daytrade.

Buy to open 25 contracts September 4th 194C @ $1.45

Daily chart is at a critical junction here, todays candle should be very telling.

VXX's pop today = big moves to come?

If a rate hike did occur, is there any consensus among traders on how the market would react?