Saturday, February 29, 2020 10:35:11 AM
Alrighty then, hope everyone exited all put positions and reversed to calls Friday as the 4cast played out perfectly, Open lower, go lower and a TOTAL recovery into the close with Spy closing at the HOD, WooHoo!!
We played puts all week and just kept rolling down as we sold each play but on Friday using the last hour pin-action we removed ALL remaining puts and picked up...
3/4 310 calls at 1.00(8 contracts)
3/6 315 calls at 1.00(8 contracts)
We expect a reasonably strong bounce into 3/4(315 +/-), then some weakness (306 +/-). and then an attempt at 324 for the week ending 3/24??
That said, too far waaay to fast, hence the 4cast has changed some as it is Not reasonable to expect lower prices then the 285.54 thingy as the 286 high posted in Jan of 2018 is gonna provide a Buying pivot??
The chart below is about as simply a format to show the new 4cast on a WEEKLY bar chart and the only thing you need to focus on are the "Bear-Flag" and if it forms, and then the Upper-Left to Lower-Right pattern over the next 22 months!??
KISS(Keep it Simple Stupid) - Below 285 is BAD(Red), and above the 293.54 thingy is Good(Green)!!
Trade well Play-r's, Trade Well...
We played puts all week and just kept rolling down as we sold each play but on Friday using the last hour pin-action we removed ALL remaining puts and picked up...
3/4 310 calls at 1.00(8 contracts)
3/6 315 calls at 1.00(8 contracts)
We expect a reasonably strong bounce into 3/4(315 +/-), then some weakness (306 +/-). and then an attempt at 324 for the week ending 3/24??
That said, too far waaay to fast, hence the 4cast has changed some as it is Not reasonable to expect lower prices then the 285.54 thingy as the 286 high posted in Jan of 2018 is gonna provide a Buying pivot??
The chart below is about as simply a format to show the new 4cast on a WEEKLY bar chart and the only thing you need to focus on are the "Bear-Flag" and if it forms, and then the Upper-Left to Lower-Right pattern over the next 22 months!??
KISS(Keep it Simple Stupid) - Below 285 is BAD(Red), and above the 293.54 thingy is Good(Green)!!
Trade well Play-r's, Trade Well...
