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All gapped up to weekly pivot and stayed there like for 3 hours. insane.
Markets down until first bomb is thrown. after that usually rally. but these are very unusual times. we never know.
Fed emergency meeting monday.
https://www.federalreserve.gov/aboutthefed/boardmeetings/20220214closed.htm
Fed emergency meeting monday.
https://www.federalreserve.gov/aboutthefed/boardmeetings/20220214closed.htm
Fed emergency meeting monday. told ya.
https://www.federalreserve.gov/aboutthefed/boardmeetings/20220214closed.htm
Actually it's good for the markets. initial reaction would be down but healthy for markets overall as that shows economy is strong and it will become more resilient as people will adjust. home prices/gas prices/groceries have to come down fast as it's unsustainable.
With 10 year yield breaking above 2% stocks have to go down. wonder if emergency rate hike coming?
puts premium sellers had field day. it's like -200's on some of the strikes.
That's huge numbers. now markets will drop for inflation and interest rate hikes or dip will be bot and huge 5th wave rally?
insane premiums. selling premiums would make huge.
Thanks.yes that's true. you answered the question i was looking for how to spot 1 time framing. that was the one i am working on. usually i try to trade in the direction of 15 min with entries and exits on 3 and 1 min charts.
Thanks a lot for your posts and analysis.Not a bad week. recovered some of last week's losses. I do good when i am in scalping mode on intraday charts. only when expecting home runs it goes bad.
Stopped again right at the resistance. 3rd time.
People have become more dumber after internet and social media. It's new virus. either you should have immunity by getting sick and come out alive or if you have vaccine which gives some immunity. The virus is like flu virus but different type and more powerful for some 20% of people which spreads and changes fast. every year these people take flu vaccines and don't complain when they get flu. but covid they bring all kinds of theories from their behind.
Humans can create conspiracy theories on any type of news/events. we can even create conspiracy drama on just on anything. with social media it's amplified 1000 times. very sad situation.
Everyday following charts will give very good trades. not like minute to minute. easy like 15 min to 30 min trades.
Yes. I need to be in scalping mode. playing intraday and looking for homeruns is stupid.
I got shaken out.I had nice gains and took loss on spy calls. darn it.
Have a feeling spy will go to 450's today. all day up?
Have a feeling spy will go to 450's today. all day up?
up,down.up coming?
No liquidity until feb 15th. fed money, seasonality and corporate buybacks in full swing will return on feb 15th. From feb15th to April 15th lot of liquidity. until feb15th only puts.
fed is trying to reduce inflation by just talking hawkish and actually it might work unless this correction becomes an event. spy might go to 360's. when march comes they do not have to be aggressive in interest rate hikes.
spy.trying to break 432-433 for like more than 5 times.
That will be very nice. liquidity models projecting up days until tomorrow.from thursday negative again.
Also, corporate buybacks started today for first time this year. february will return the buybacks fully. good seasonality kicks in this week as well. usually end of jan in to february is green for markets.
Looks like margin calls by brokers on lot of accounts. until that stops, we are in a long day.
perfect time to bounce hard to trap shorts. corporate buybacks starting today.
everyone is tuned to buy the dip. fed has turned off the tap and why my brain is still going for buy the dip instead of just following trend in the charts.
Note to Self: this year will be both bull and bear make money. need to adjust the brain.
Roy would have had a field day in this market. Rip Roy. miss you man.
Yep. everyone is tuned to buy the dip. fed has turned off the tap and why my brain is still going for buy the dip instead of just following trend in the charts.
Note to Self: this year will be both bull and bear make money. need to adjust the brain.
Yes. Seasonality wise and also buy backs will start kick in after the earnings hence more liquidity to take it up end of Jan in to Feb.
Looks like printer is turned off. watching tape on 1 min chart is every candle is reverse hammer.
spx chart
Will it be Binary day. Massive sell off or face ripping rally.
Or both.
4336 is the key.
What an awesome rule. thanks for that. wish i had known yesterday. 10.06 rule and price breaking previous swing high resistance is all you need.
If it has to be comeback kid for opex, it has to do here.
Yes.That's what i am looking as well. Uptrend or downtrend it has to tag 8ema every day. if it goes too far it will come to it. then 21 ema if it breaks 8 ema.
I was watching it. I got faked out.I had spy calls from yesterday and did not take nice gains. it broke first resistance at 458.91 but failed at yesterday's high at 459.60's.
Waiting for the first break on resistance is such a easy and simple way for determining trend change.
Extreme oversold conditions now. spy filled the gap from dec 21.
Is the 4th wave supposed to end on 1st wave high?
what just happened?
wow..this is some golden wisdom....how did i miss this simple thing. i was like trying to figure out this simple thing for a while. i am going to wait for 3 breaking 2 high and 5 breaking 3 high now.