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Thanks, but it's not "for me" my friend. It's for everyone.
This is everyone board. This is in everyone's interest. This way you can benefit as well. Telling each other we don't like this and that we become whiners, totally helpless.
People come to read this board for some insight of what to do , where , and why.
The More we say something technical, the more we see, the more we understand --> WE !!!
Quote: "here is some analysis for you"
March-2 *open seems to be the resistance of today.
In other words fold your longs and go on the sidelines..
Me I wait for some more definitive intraday resistance buildup before folding some longs.
But otherwise I'm itching to press the Exit door.
Edit: *387.5 seems more and more like it
to those making political-economical observations:
Please include SOME technical commentary, otherwise you have absolute ZERO value with your rant.
ADD some supporting technical commentary, REGARDLESS what, and your post will rise above pure garbage.
Garbage is something nobody need or want or can use.
Such posts ON THIS BOARD are such garbage.
In IHub language they are OT, and pure OT at that.
THIS is NOT an OT board, it's a TECHNICAL board !
If you are smart it should resonate with you and understand.
Alternatively you can make two posts, one being technical in support of the political/economical post.
There are good examples on the board.
But I'm referring to those few others that are here to spew only political/economical frustrated rants, and nothing else in the way of technical, which this board is meant to be, TECHNICAL.
Thanks
possible dip to 381
wow, "dip" to 381 LOL ... when SPY dropped so much so recently
But the thing I'm looking at is the fact that ... --> HOLDERS OF LONGS over weekend DO NOT GET REWARDED FOR HOLDING OVERNIGHT AND OVER WEEKEND !!!!!!!!!!
This is a big big BIIIIIGGGGG thing !!!
To me this is a language of the market saying "We , the market makers don't care anymore about you longs !"
In other layman terms ---> market turns (or has turned)
I (we) better take notice
SPY is heading to the highs apparently
But it's one more bump model shows
Only then ATH
I'm holding calls as per my posts.
I want the negative goofs to be right and SPY to plunge for more calls loading
Back to work
SPY does NOT make 7% weekly !!!
20% loss on premium so far
So if you held you had this EXTRA loss to make up for
If near end of day there is a trade that could potentially pay as premiums will be lowest
But that has to be a quickie
And must be an OTM so not to incur issue with holding in AH if need be
Going to work now, see y'all
you look at a call strike price when SPY price is a match
At that point the call has ZERO intrinsic value , therefore ALL of the call price is pure premium
So a 2-dollar price equals 2-dollar premium
If you think about ratio between SPY price move and Calls price move vs time curve you get a horrible odd to make any money
In other words you are better off buying long dated to keep or buy SPY itself, or just watch the show or do something else with your time
Option board might be better place for such learning
wow, 2 dollar premium on calls today expiration
wow that's both super expensive and super risky
only the best or the luckiest can make any money
wow
dead cat over?
or is alive ?
it looks like 386 on the agenda next , and NOT lower lows
(see my prior comments on end of week negativity)
d50 was NOT violated on my charts
But it could be in yours
I won't argue
Oil up ... FIVE PERCENT !!!
We are being screwed where 9and when) it hurts a lot
I don't see a bottoming yet
As a chartist I find it very normal and expected.
A lot of interest appears at strong pivot points and this increases volatility.
i regard this segment as a block, an important range, where battles happen and ... to go with the winners..
But since uptrend is still fine I expect some rip-face rally likely with some nasty gap over resistance (their usual modus operandi)
Some of my models failed. That was very rare. This means they are fine.
But it's interesting nevertheless. Funny too.
For example a stochastic if it times a bottom and it fails it doesn't mean is broken. It means for the time being it fails. But you keep using it THE SAME in conjunction with other tools and you will catch the payday again and again and again. It matters how many wins vs fails.
Back-test would show this as well .
So I like period such as this when my models get a challenge as I can plug some holes..
it has to close the day positive at a minimum for the "found bottom" outlook to have legs.
I still see 3700 very much on the table looking at that chart
At a minimum a much lower low than today
But like I said earlier if they close this week in a negative way then next week will be a strong down (historically this happens)
In some way it is still absolute, but in charting things move, it's dynamic liquid situation.
Every day you have some absolute points.
Next day they can change.
Today 378.5 seems the strong support (all in all) but as always you take a chance, a chance in establishing it, a chance in talking about it, and a chance in buying it..
But you knew that..
382 and 386 are strong resistance points in case this bloated SPig jumps
But in the end you are at the mercy of their buying programs, resistances didn't matter just like now support doesn't matter
But you MUST trade the pivots, you have nothing else
Weekly and Monthly went red...
IMO 378 today is fitting the late volatility model.
The BIG question and elephant in the room is WHAT are they gonna do for the end of week, tomorrow, as if Fry-day is gonna be a selloff AFTER a selloff today, then potentially Monday we will look to a crash scenario and limit down triggered
Do they want to do it?
Biden is now...!
So interesting question.
We will know the answer for sure...
IMO it's gonna be a great buy as trend is still uptrend.
By my understanding repeated tags on important lines a la d50 and such shows insistent attack and weak defense and will very likely end up breaking through the line.
Regardless if price breaks under SPY d50 it is still uptrend and buying opportunities
I highly expect SPX to trade pretty soon in the low 3700 where the end of January was
I have and trade calls.
I will also take one put trade if d50 gets violated and bend down and some other negativeness
386.3 is last resistance of the day (then the yesterday 387ish , a much harder to pass through)
But if the support 383 was bought (without you , too busy shivering in fear in the corner LOL!!!) , then that resistance will be violated without mercy
And then we have the 389 and 391 to "worry" about..
(but let's not forget that the bigger sellers actually sold at those levels, so careful there and watching the intraday to avoid dropping the soap..)
The absolute support is low 380, that's a very good/low risk short term long trade
Don't miss it if the clowns take SPY down there
(and yes 383 is supposed to be a strong support)
Whichever trade you take make sure you have it on longer dated calls (speaking of position lot)
Don't let only the bandits make money like bandits!
MAKE MONEY PEOPLE !!!!!
this is a situation now of position then daytrade the sht out of it (prolly making even more than positioning side itself)
It's a trader's wet dream..
Too bad I can't have the wet dream and do both because the time shortage
What can you do..
You do what you can
intraday pattern of support broken - support broken - support broken
...changed to...
intraday pattern of - resistance broken - resistance broken - resistance broken
need to say more ?!
383ish was support to --> buy buy buy
Don't blame the market if you didn't/don't load up on calls
-----
Can the support be broken and price collapse?
ABSOLUTELY
as NOTHING IS GUARANTEED
But we trade the ODDS don't we !!!!!!!!!!!!!!
If it is a loser so be it.
Point is that you BUY buy buy SUPPORT
Don't wait for laggard indicators to point you to the absolute bottoms (or tops)
Charts show actual selling after the SUSTAINED BUYING run to 394
But those sellers need (and want) to go back in! Don't you forget that!
Anyway, I buy my calls at support
it's simple
Remember THIS BS game played this Monday?????
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162246897
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162258383
Draw your own conclusions
look at the angle of the ma.
If it's steep then it's resistance.
It takes few days in proximity of ma to tame the resistance inside ma.
After is tamed it can be violated and turned easily.
Periods like seen in MSFT around Dec 20 when ma went flat (so useless) are harder to make sense so better to look to something else more alive.
Right now SPY has the ma angle at medium imo (but it's not much to work with)
Much later after close I was reviewing charts and to my amazement ALL the intraday charts were showing their respective last period as closed at 385.58 (didn't check daily/weekly) .
So Hourly chart also closed as such.
This was StockCharts. I don't know other sites what they did.
You don't see it because Now in the morning I see they removed that thing !!!!!!!
Change of heart?
or change of orders?
Here's a small window from 1 minute chart, showing the LAST ONE MINUTE...:
(last one minute of day starts at 3:59)
Data shows 2.4 million volume and the red bar CLOSES at 385.58
Consequently ALL other intraday charts close the same.
SPY for SURE closed at 389.52
Then the AH bullshit makers show SPY closed at 385.58
FOUR DOLLARS manipulated difference --> lower
talking about manipulation brother, nothing shames them anymore, no fear for the guys making this market, they make it the way they want it
Also "closed" bellow open (O 385.59) so to satisfy the selling outlook
They took care of everything
There is so much charting and algos I can handle watching, I'm only human
Let's see if SPY is shown "rallying" tomorrow or if sold if bounces off the 380 area
don't be hard on yourself, you can't see everything
it's always "something"
early outlook is that the spik-plunge bellow to 378.5 was a shaker
selling done?
if true then SPY should either go sideways intraday or outright run for the hills and create a FOMO
too early to tell
Yes, long dated to plan to hold them for a while.
Traders must have the luxury of time on their side to hold for more profit, to let profits run.
But sometimes shit happens and you have to exit earlier and collect - that was my case yesterday when i closed in the morning. SPY showed me it doesn't want to run.
I did NOT know will plunge that much, but it did NOT plunge with my calls. I missed the very top, but I exited not bad.
So you have to plan for the best, buy long dated calls, but exit if the market says so.
It's simple
Yes, sometimes you have to exit a long dated almost immediately if something goes really wrong, but that was not the case Wed-Thu.
But you knew all that
- Tell us what your holding position is.
- Stop badmouthing and let people make money.
So far my recent buying posts were 100% (ONE HUNDRED PERCENT) accurate.
You badmouth my good calls to discourage others to buy and profit.
Quote: "Just the same old call buying nonsense at evident by your post. "
Since when is "nonsense" to buy before rising ?
What's your plan for saying these lies about me and my buy calls posts ??...
I sold at 390
BUYING AGAIN HERE
Me losing is in your mind only
And yes, I didn't post my sell and likely rarely will.
Neither you nor others got this.
Selling for profit is the trader's responsibility.
Everyone on his own. Everyone with his own greed for the last coin on the table.
It's not my fault people are asleep at the sell button when the selling is good and the calls are fat in green money.
Buying calls here is on my list and whoever think differently let them buy puts...
You have what exactly Mr Vandal ?
No it didn't breach sht
it takes a lot more to breach it in a valid way
Uptrend is solid and buying long here is one of THE LOWEST RISKS POSSIBLE in trading
NOT buying here is outright idiotic
Of course, the angel and success is in details
But for the lazy of mind that doesn't want to spend tones of time to study techniques , just buying here is good enough too
Just make sure you buy calls WITH A LOT OF TIME on them not some cheap-shit weeklings for quickies ...
I was just wondering about that call of "can't go bellow.."
I definitely saw the possibility
379 is on the table
and so is my shopping list for calls
Edit: Wow, I spoke too late and it happened 379 while posting
(and doing other stuff)
you are not alone making mistakes
I'm getting ready to buy buy buy calls
!!!!!
That's good food for thought
I think you represent a very very VERY VERY large percent of the new crowd of "enthusiastic traders"
it looks like the GME like games the MM is producing is working pretty well
No wonder BTC is 50k
Some of my colleagues who actually know ABSOLUTELY NOTHING about trading or charting, ..... opened accounts and are trading BTC and high-five each other over 100$ or even over 10$ gain and trying to get others in on it, the big opportunity !!!!!
The new Gold Rush is here
WOW
Why in the world would you buy that
expensive
3x (decay)
flimsy volume
(maybe too much money so needed as part of spreading the money around the market?)