SPDR S&P 500 (SPY): Yes 4 hr... I understand... hence why on...

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Re: nowwhat2 post# 319225

Saturday, 06/27/2020 12:45:43 AM

Saturday, June 27, 2020 12:45:43 AM

Yes 4 hr... I understand... hence why on Thursday I bought 314c for Monday as it did look like it was bullish going into close and yet I had a spxu call position lined up also... imo the line in the sand is relative to which time frame one prefers... because the one way to really F da bulls and make bears salivate is gap down below the daily 200 sma and scare up some loose calls... write some expensive puts... buy up futures contracts... and then Take the candy back right from baby bears hand and bounce it right off that 200 on the 4 HR just to gap it back over the daily 200 sma... and run to blue skies... or maybe I’m just making all of this up...! Lol all I’m saying is I’ve seen stranger things happen when it comes to timeframes and certain sma of “meaning”.... glty spy

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