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Trump is probably selling premium today..... Both puts and calls get hurt at the moment. Darn it
Still don't see him. Looks like everyone is waiting for him. Seen some PPT members from TV camera, like Kudlow. lol
So I assume it may be around 2pm. The last Friday started dropping around 2pm. Wanna check if this similarity plays out. lol.
any specific time? Or it is a fake news trying to hold market? Trade boy Trump probably likes to this kinda thing during market. lol. VIX is sagging now
Hmmm, VIX is higher, but SPY not dropping now. so Da boys is luring bears again? weird
Well, obviously yes. Here is an update of this similarity. We are actually moving faster than last Friday. I was watching VIX. VIX was up when SPY hit 266.6 around 12:30. Shopped some puts and cashed some already. Though I don't trust this drop much, I suspect a retest of morning low is possible, it is likely to be broken.
Hold tight, boys, premium in puts just inflated. I don't know what happened, but it looks like da boys may have something to do this afternoon?
The 5min candle at 12:30 has some volume. Any news? Trump? Fed? or trade deal?
Btw, if VIX touches 200DMA 16.6, I will buy next puts no matter what.
Gap from Friday is closed. We have bearish divergence in multiple time frames. I think the up is probably done. But because today is Friday, it will be wise to add short positions at end of day?
Today's news: "Wall Street opens higher on upbeat earnings"
I thought INTC missed the ER? Doesn't mattter, go whatever you want, boys. lol
The morning profit taking is over. This does look like a shallow range churning
I heard SEC was investigating the weird action on Thanksgiving Eve and Christmas Eve. It looks like somebody was creating fear intentionally back then. lol.
It does work perfectly this week. Your previous post said your OEPM used the normal distribution rules? Price shall not fall too far away from its pivot point. I suspect if you used other indicators, like normal MAs, MACD, or RSI. It seems you entered and exited market at good price in most of times, It is hard to judge top or bottom just based on candle shapes and “price”. Just my opinion, lol
current vote is 26 Yes vs 43 No. Trump won't get the 60 yes for sure. Waste of time
Hahaha. exactly bro. I was wondering who will come out this time. Today is a shallow range day, so PPT can still handle it. If it is out of PPT's control, they will call Trump. And ya know.
I am aware of that , but the biggest problem in wave theory is that there are too many possible counts. For example, when price goes up, it is usually choppy and slow, can we assume all of them are corrective waves?
Alright, nasdaq red. support in my screen, 261.8, 261, 260.5, 259
You almost sold at the high of day? What is your indicator? price? lol
Every support line converge to 262.5-262.8s now. If it is broken, we could have a quick one dollar drop 261.8. If not, we will chop the whole afternoon
seems we are going nowhere today
Is your timeline from some astrology stuff? I know a blog who uses astrology to predict ES_F weekly move. lol
Vix is dropping with SPY........ Sounds like a bear trap?
DOW and SP want down, but Nasdaq and Small Cap want up. Usually Nasdaq and Small Cap win. hmmmm, semi conductor's important day? Intel ER in after hour
Is it about the state of union address? No worry, bro. Stock market topped last year when Trump made that address. So we won't have a top in market if Pelosi said no. Good news
maybe algo has their own plan today. Hmmm, close in green may be their target, so SPY shall not drop into 261s again, otherwise, their magnetic force can't overcome the gravity from Da bears. Pretty sad day because I sold my Wednesday 262.5 puts around 0.5, which went to about 2 dollars later. Damn. Call it a day. Good trade all
Wave 3 may be running now.
we haven't seen the end of wave 2 yet. It could just chop the last two hours.
It just means we don't see the bottom yet, or Da boys don't want to make a perfect paint today. Excuse my nonsense, lol.
I think ES_F may have finished its corrective wave up. If ES_F breaks 2652 again, we are going to fill the gap on Sunday.
SPY is consolidating again, we need some fake news to move this market. no trade talk or more trade talk, please, boys. lol, yesterday was down because of fake negative news, and up at the end of day because Kudlow came out and punished the fake news.
Are you using the 5 day moving average as the indicator? lol, it is around 262 btw
Wow, 261s printed.
FYI, NN has two puts positions which could easily cover the cost of his calls if we keep dropping.
Never gonna happen, Spa bro. It is all promise on paper. China will wear out Trump and try to make some new deal with next Democrat President. U.S is trying to contain China all around world, UK, Australia and other Europe countries have alert on Huawei. This is Cold War, and I don’t think USA can win easily like it did against Soviet Union. The so called “spy” about Huawei is total bullshit, Apple and Facebook are doing “spy” work for US from years ago. Facebook helped Middle East overthrow many regimes back to 2011. Politics is ugly, citizens are just the tool that politicians want to make us of. If they need you to like China, all positive news will come out, if they want you to hate China, all negative news will come out. lol, that is the world.
Trump tweet: The Economy is one of the best in our history, with unemployment at a 50 year low, and the Stock Market ready to again break a record (set by us many times) - & all you heard yesterday, based on a phony story, was Impeachment. You want to see a Stock Market Crash, Impeach Trump!
Wow, Trump used stock market crash to threaten Americans. Hilarious