You have plenty of company.
All the red bars have to be increasing in volume minute over minute and the largest volume bar has to be 5 times the days average minute volume. It never happened on the above, although day traders would have been taking positions and scalping the quick reversal runs.Monywolf said:Oldarmy - how many reversal bars are required before you enter a trade based on the red/green bottom?oldarmy1 said:
All stocks will look about the same. NFLX That double red/green bottom on NFLX usually means its close if not reached its major support.
That was a bear challenge right there. I am looking through the data points and then aftermath. If this is a bear market we won't bounce on that tomorrow. If its still up in the air we'll bottom and rubberband as a retest support line.claym711 said:
That was 1.1mm futures contracts that sold at open with 50% retrace. Huge volume, but basically what would have happened in session today, happened in 12 minutes.
CME intervened on that drop as well, with 10 second halts wherein they did not accept market orders. Had to manipulate the market. That drop could have been much worse. Bear market is here, I believe.
oldarmy1 said:
All stocks will look about the same. NFLX That double red/green bottom on NFLX usually means its close if not reached its major support.
leoj said:
Huawei cfo, who is the daughter of the founder,arrested in Canada and being extradited to US. Talk about ratcheting up the trade war.
aggiepaintrain said:
looks like another buying opportunity today
futures down big
FriscoKid said:aggiepaintrain said:
looks like another buying opportunity today
futures down big
At some point
oldarmy1 said:
I'd say the gap filled.
Just sold SPY Puts naked 270 Decembers
JP76 said:oldarmy1 said:
I'd say the gap filled.
Just sold SPY Puts naked 270 Decembers
Are these weekly or monthly expiration ?
Are you going to sell more 270's to lower your basis from the ones sold at 273.5 underlying from Tuesday ?
If we flush are your plans to exercise or cover them for a loss ?
Should be a decent trade as long as we react from the 265/66 rising trendline
And SQ and ROKUoldarmy1 said:
Go NFLX!!!
oldarmy1 said:FriscoKid said:aggiepaintrain said:
looks like another buying opportunity today
futures down big
At some point
If we lose trend lows then agree. I love buying 2nd day ugly futures premarket because we nearly always get a move up into open, even if its going lower. So I can sell up to all of a trade if move is big enough or buy cheap weekly Puts back close to entry price as a hedge. 8:30 cant get here soon enough.