Don't know what he saw, but massive flow game in for GM also. Like always, someone always knows.
Falling wedge breakout.$30,000 Millionaire said:
I love a great downtrend breakout.
It was a clear sign of a false "aggie it up" flag on that chart!$30,000 Millionaire said:
I love a great downtrend breakout.
BaylorSpineGuy said:
https://www.accuweather.com/en/hurricane/tropical-storm-nicholas-to-bring-flooding-to-houston-texas/1016331
Another storm brewing in the Gulf.
Time for options on GUSH again or is too recent/priced in, etc.?
What expiration are you looking at on the call spreads?$30,000 Millionaire said:
I'm keeping en eye on $GME. This is a weekly chart. Notice that EMAs are stacked positive and that the 34 was cleanly rejected. It's also in a weekly squeeze. I think on a daily time horizon it will likely enter a squeeze soon. It's in a squeeze on the 3D.
Over about $215, I think this thing can fly. My play here on a trigger would be to enter OTM call debit spreads. Probably 250/450 or 250/350.
BaylorSpineGuy said:
I get a feeling the whole market is gonna be in for a head fake.
Market makers know everyone is primed for the dip on OpEx week. It may dip for a day or so, but I suspect a rally by mid week to catch people off unless some just outright unanticipated news drops.
I'm gonna try to sell my SPY puts tomorrow or Tuesday. They're both currently ITM, so will try to exit with nice gains. Currently up 45-65% on my different options.
BaylorSpineGuy said:
I get a feeling the whole market is gonna be in for a head fake.
Market makers know everyone is primed for the dip on OpEx week. It may dip for a day or so, but I suspect a rally by mid week to catch people off unless some just outright unanticipated news drops.
I'm gonna try to sell my SPY puts tomorrow or Tuesday. They're both currently ITM, so will try to exit with nice gains. Currently up 45-65% on my different options.
Last week, was looking for a bounce in #ES_F off 4455 (4445 Dec contract) & underway. After 4 failed ones last week, bulls have work to do
— Adam Mancini (@AdamMancini4) September 13, 2021
Plan: 4482 key recapture point. Looking for basing then break attempt opening 4500 then 4525. 4455 must hold now or next big leg down starts https://t.co/ccNloPxJBm