Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You should forget about that rally into Nov 23 if it closes at lod :)
Closed gap, yeah rally into eod
Its cold in Texas as well ... argh!
Texans don't like it when it goes below 50 lol ... I think for Floridians that bar is 60 :)
Good call Jerry on expiration high close
Ha ha, I know. You (and I will join) will get your Thanksgiving rally as well :)
Ha ha, I know. You (and I will join) will get your Thanksgiving rally as well :)
3955 successfully backtested and held
3750-3800 coming soon, imho!
yeah, let's see if it can crack 3950-55
Patience buddy! :)
“The stock market is a device which transfers money from the impatient to the patient.” — Warren Buffett
Best wishes and prayers to you Jerry for a speedy recovery!
VIX expiration today pinning it to certain levels
$VIX Net S/A $Gamma, tomorrow's expiration
— Point-Blank-Trading (@PointBlank_Algo) November 15, 2022
Most #Gamma is positive with main stack at 24 which should act as a magnet
These options trade until today, and are settled at opening prices tomorrow 9:30am ET#VIX $VVIX #VVIX #volatility #trading #optionstrading$SPX $SPY $ES #SPX pic.twitter.com/afg2rCBb7h
Well well, bearish red engulfing candle and red close could be!!
FED SOMA kicking in at 1 p.m.
Looks like it is working towards an island top indeed!
Or a bearish red engulfing candle over last 2 days!
Red close today possible as well.
VIX green!!
Thanks Jerry ... yes agree, this could be an exhaustion gap up for this leg up.
Ripper indeed ... hard to believe that the bear market is over but it is definitely possible.
No Crash in November
System Open Market Account Holdings of Domestic Securities
Tomorrow the Fed has $74B in T-notes and T-bonds maturing. Most of it should roll off the balance sheet.
The US Treasury offered $96B of treasury securities over recent weeks and these all settle tomorrow. Huge liquidity drain.
T-Notes & T-Bonds tab
https://www.newyorkfed.org/markets/soma-holdings
We will retrace to 3750-3800 by next Monday, 11/21
Well said Jerry and appreciate all your input and contribution to this board!
Will look forward to your update from Shane's seminar.
Weekly candle bullish indeed ... we'll see how monday and expiration week plays out. Have a great weekend Jerry!
I'm thinking the script is
fall into expiration next week and then rally into Thanksgiving
Range: 3750 - 3950
After that depends which side it breaks out of
Yeah, not tomorrow but probably give up all of today's gains by end of next week.
Last time we had something similar like this was the March 2000 TOP!
3-sigma moves are always fun. This is only the second time ever $SPX has returned more than +4%, while the $VIX is under 25.
— Tier1 Alpha (@t1alpha) November 10, 2022
The last and only other time that happened was on March 3rd, 2000 ( $VIX: 20.77, $SPX%: +4.7%). pic.twitter.com/I9mUAWGjlp
3/24/2020 - 210 point SPX rally 9.3%
That was at the pandemic bottom though!
Hmm, close below 100dma again at 3900?
That is not good for bulls if it fails to close above it at 3rd attempt.
VIX collapse came 2 days late but loving it that it arrived finally!
22.5 low/close would be ideal.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170394170
Thanks .. Bought SDOW at the massive gift gap up this morning!
It will something if we fill this gap :)
They're sucking in the late FOMO Pivot buyers here ... Longs beware!
We break above 3911 in the next few days, then bears may be in trouble.
Bull & healthy markets never have such massive gap up.
Good point. If previous low of 3698 is taken out and close below that, we are headed very quickly to the daily bollinger band bottom.
Yes, it is possible we chop between 3700 - 3850 for a bit.
Bulls TOAST as of yesterday ... Bring on the CRASH!!