SPDR S&P 500 (SPY)

[Scripo]

I didnt have to eat my words thankfully haha.

Ill tell you the longer i use the BB on 60 min the more i'm impressed. It cant predict direction in a pinch but we can use other indicators to help favor our trades. ie. overbought bb band on the 60 is pinching tight chances favor a down swing like today.

I put my money where my mouth was and still holding puts. This event on 60 is pretty impressive if anyone cares to look back. This is same formation before the epic aug plunge. Not saying it will repeat that dramatic but the selling pushed the bands to spread apart (top band pointing up and bottom pointing down, and closing price today is outside the bottom band. there is prob little more fight in the bulls before any major move, just check aug 19 on 60min huge head fake after what looked to be a failure.


riskon, danny, imiloa, usdollar, bet, and paulw thanks for making me feel not too crazy and seeing my opinion as sound. GN all.