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Ah, I was wondering what caused Santa to "slack off" overnight? :)
Thanks Jerry for the update.
10 dma has crossed over 20dma confirming downtrend
As long as we stay below both, we will trend down with minor rallies up.
yeah, Santa indeed needs to show up in the morning and lure in more Bulls. It should be time for him to head back to the North Pole later in the afternoon and hibernate for a while :)
Happy Holidays to you and everyone as well!!
gdl - my intention was never to insult you. Apologies if I did.
It was in jest/humor ... we are all big boys here and should have thick skin if our calls are wrong. I have been wrong plenty of times as well.
Also, I am not an admin here and am not the one deleting your posts. Relax buddy :)
Ok, this year should be the one that makes up the 33 pct :)
Oh no Gleno! Losing your spouse especially after those many years of togetherness is very tough indeed. May God give you the strength to weather this storm.
Prayers and Blessings to you and your family ... Take care!
Inverse gdl like Cramer works all the time!
gdl calls CRASH == Rally time!
gdl calls RALLY == You know what's coming next!
It's all good buddy ... we know you are CRAZY! lol
36xx next week
gdl's CRASH has finally arrived ... Coal for Christmas this year! lol
SPXS mainly and now SQQQ given how weak the NDX is in this high inflationary environment.
Got into them at the close and added more in AHs last evening. Plan to hold till mid-end next week. Got into UVXY and UVIX a little early couple of weeks ago and still holding.
DOW is the strongest, so decided to stay away from SDOW.
Swing SPY options sometimes but small amounts. Way too short this time :)
Dec 27-30 may be a Bottom but not THE BOTTOM of this bear.
Should be taken out today and close under 3795
Be wary of longs my friend ... don't catch a falling knife. Better, join on the bear side ... lots of pts to be made.
I'm seeing this as the start of the BIG Kahuna Wave 3
Wave 1 = 4101 to 3795 (305 pts)
Wave 2 = 3795 to 3890 (fell short of .382 retrace)
Wave 3 = 450 to 600 pts down (1.5 to 2 x Wave 1)
Long in the pile?
Possible gap down tomorrow?
Accepted gift with open arms today at the close
VIX 20 held, higher low?
This guy is pretty good with his charts.
$VIX 20 level has been held so far. Worth noting again how the cycle has been working: Downtrend break with initial spike, retrace to make a higher low and then trend up.
— Reformed Tr🅰️der (@Reformed_Trader) December 21, 2022
Did we just make the higher low or is there a trend change? Trading trend > anticipating trend change IMO pic.twitter.com/lkS9LaVw1R
Agree with your thoughts about testing/rejecting 3890
3890 was also ABC target with C = 2xA
Should close at the highs today
Thanks Jerry. I'm in the same boat that bears will take control soon and this is just a short covering bounce. Let's see if it can get to the 50dma today/tomorrow.
yes, I only do SPX not ES :)
Amen brother!
ABC target 3874 where the 50dma should be tomorrow. That's assuming C is 1.618 of A.
Possible doing a ABC up
50% retrace held ... Now Zoom please! lol
Higher low at 3803 ... Zoom Zoom!
Yep, inline with my expectations! :)
BOJ news hit the wire?
Futures took a slide
No way bottom is here ... bounce only to hopefully 50dma at 3870.
No way bottom is here ... bounce only to hopefully 50dma at 3870.
Thanks Jerry. Pretty much change in trend every other day next 2 weeks :)
3800 held .... rally time!
3800-3825 today
$SPX Net S/A $Gamma, today's expiration#Gamma remains negative
— Point-Blank-Trading (@PointBlank_Algo) December 19, 2022
3800 and 3825 are the main stacks, and will attract price
3825 can become the largest stack and be the main magnet
Chart from @TradeVolatility #SPX #ES $SPY $ES #options #trading #futures #VIX $VIX #DayTrading https://t.co/2a6T2R3VXf pic.twitter.com/Sg0wztWuTa
Market woke up to fill that gap we talked about at 3800-3810
Market woke up to fill that gap we talked about at 3800-3810
Don't stick to the historic "seasonality theory" ... No reason why we cannot be at 36xx by end of the year!
Agree, good points.
Weekly candle shooting star engulfing previous week does not bode well for coming week
Last time candle like this was week of 4/18 and look what followed after that .. tread carefully on the long side. Small bounces only, imho.
3800 area also 50% retrace from 3491 to 4101 ... likely area for a bounce.
Agree, 50 dma test from underneath next week but it should act as resistance.
Yep, 3850 it is today ... gap fill next week.
$SPX Net S/A $Gamma, #OPEX
— Point-Blank-Trading (@PointBlank_Algo) December 15, 2022
The 3850 stack is growing fast 👁️👁️
It's the strike with more #Gamma change
Charts from @TradeVolatility #SPX #ES_F $SPY#trading #OptionsTrading #FuturesTrading #DayTrading #opex #0dte https://t.co/8N3zV7OBGG pic.twitter.com/XgUWqktuFi