Good looking chart. Key now is does it cross MT and confirm continuation or not. It rejected it yesterday and closed just below. With the 5 & 8 crossing the 21 yesterday along with that volume I think it will but may flag here then run back above $2.Red Red Wine said:
So am I learning anything on this thread?
I'm net free on TNXP, but was looking at a 3 month, daily average chart. Am I interpreting this data correctly? Was curious if the "goal posts" count with so many green volume days leading up to the first goal post?
Edit: Is there also a Model T forming?
Just trying to learn and make sure I'm learning correctly not stupidly!
Irish 2.0 said:Was not a fan of that close personally. QQQ still closed over the 50DMA, but it got slapped down when trying to move to Tuesday's high. So technically we had a lower low and lower high. Obviously that's just one part of the equation, but I'll be in a wait and see mode for the first 30-60mins tomorrow.$30,000 Millionaire said:Aggiesincebirth said:.$30,000 Millionaire said:
p.s. Are all of you super bullish now?
Me over here trying to have a green beer and celebrate St. Patty's day and seeing your classic post...
Market could go up tomorrow but that was a low trin close.
FJ43 said:
SKEW higher today at 143.19
Based on history we usually don't stay up here long without some pullback. We are on Day 4 above 140.
Carlo4 said:
Let me get this straight....
Market rose quickly yesterday when Powell said inflation is here and no rate change for 3 years. Vix fell below 20 and everyone seemed happy.
Market fell just as quickly premarket on inflation fears via the 10 year?
I hate headlines that sound contradictory
FJ43 said:Think we flash down to test 393.50 on SPY again today? Won't surprise me at all to see that with opex week and the movement yesterday. SPY at 395.28 & Qs at 318.04Prognightmare said:
Good morning bud
On Monday I posted an article about Gamma indicating that SPX would close OPEX about the level it opened at on Monday. I think that was about 3945........BREwmaster said:FJ43 said:Think we flash down to test 393.50 on SPY again today? Won't surprise me at all to see that with opex week and the movement yesterday. SPY at 395.28 & Qs at 318.04Prognightmare said:
Good morning bud
Going back the last year, a high % of opex weeks ended with a dud.
Yes those volumes have an impact, however SKEW is measuring tail risk or the far ends of the distribution curve...up and down. It is using the next 30 days 2+ from mean OTM. So perceived risk is higher when at these levels in terms of sentiment....and growing.Tomas Hermensa said:FJ43 said:
SKEW higher today at 143.19
Based on history we usually don't stay up here long without some pullback. We are on Day 4 above 140.
Couldn't that be related to heavy 3/19 call volume with yesterday's afternoon run? If so I'd imagine it calms down on Monday. Is there any way to get what amounts to a SKEW by expiry date?
Let the duds begin so the orbit may commence.BREwmaster said:FJ43 said:Think we flash down to test 393.50 on SPY again today? Won't surprise me at all to see that with opex week and the movement yesterday. SPY at 395.28 & Qs at 318.04Prognightmare said:
Good morning bud
Going back the last year, a high % of opex weeks ended with a dud.
McInnis 03 said:
On a market related note (please try to keep the tangents to a minimum)......is anyone keeping up with this P1 variant of COVID in Brazil? Apparently current vaccines (all of them) aren't much for it....and this variant is 2x-2.5x more transmissible and I read a headline (take THAT fwiw) about this variant being more violent on 20-40yr old that others.......is this something to take some forward looking caution with? Any docs on here keep up with this thing?
I used the high on 2/9 and the low following it on 3/5.clinto said:
On the chart that red red wine posted, where would you start the Fibonacci retracement drawing at, would it be the lowest price on the chart?
I don't buy it for a second. I think the last time I read something like this, it was the Colorado governor claiming they found a more aggressive strain...not a single scientist or anything reliable quoted in the article, just a politician. and only blue states have real problems with it, go figure.McInnis 03 said:
On a market related note (please try to keep the tangents to a minimum)......is anyone keeping up with this P1 variant of COVID in Brazil? Apparently current vaccines (all of them) aren't much for it....and this variant is 2x-2.5x more transmissible and I read a headline (take THAT fwiw) about this variant being more violent on 20-40yr old that others.......is this something to take some forward looking caution with? Any docs on here keep up with this thing?