SF2004 said:
Anyway you could do a SPY chart of resistance levels to the downside?
I am curious how to identify them.
Sure. I'll do it tomorrow.
You don’t trade for money, you trade for freedom.
SF2004 said:
Anyway you could do a SPY chart of resistance levels to the downside?
I am curious how to identify them.
You are a scholar and a gentleman!$30,000 Millionaire said:
SF - I am going to do $SPY now, but I want to be upfront that I am not going to update this. I am going to update the SPX chart for a bit. I need something clean to look at intraday and I use SPY + ES_F for that. I will also try to explain why these are support/resistance levels.
$30,000 Millionaire said:
$SNAP. Looking pretty good.
This is just me, but if we have a test and reversal at 435, I would actually go shorter dated ATM - or- if I went longer dated OTM, I would prepare to sell them on the spike.BaylorSpineGuy said:
Really appreciate this! So if we hold at 435, you will buy long dated calls? You typically buy them ATM?
On a side note, how much attention do you pay to the individual candles from last week? We had a big negative candle middle of last week followed by an inside green candle then what looked like a doji? Did that doji represent a reversal on the green candle or the preceding downtrend? Then, we had a big red candle on Friday. It seems unlikely to have a large green candle without more evidence of a reversal such as a hammer or a bullish engulfing candle or something? Is this right?
I am very sorry to hear, prayers incoming.irish pete ag06 said:
Major prayers needed fellas. Mom is going on a vent. She hasn't shown any improvement for 3 weeks. She was struggling on the bipap this morning. I pray that she pulls through. My sons love their gingy.
irish pete ag06 said:
Major prayers needed fellas. Mom is going on a vent. She hasn't shown any improvement for 3 weeks. She was struggling on the bipap this morning. I pray that she pulls through. My sons love their gingy.
I am sorry to hear. Prayers lifted.irish pete ag06 said:
Major prayers needed fellas. Mom is going on a vent. She hasn't shown any improvement for 3 weeks. She was struggling on the bipap this morning. I pray that she pulls through. My sons love their gingy.
irish pete ag06 said:
Major prayers needed fellas. Mom is going on a vent. She hasn't shown any improvement for 3 weeks. She was struggling on the bipap this morning. I pray that she pulls through. My sons love their gingy.
Your post pains me. I'm sorry brother. I've prayed for your mother everyday since you first requested and I will continue to do so. Whatever happens, thank you for sharing it with us and know that everyone on this thread will do anything to help. We're family on this thread, left/right are all present and I'm confident in stating that everyone here supports you and your family. God speed and my His strength permeate your mother and whole family during this difficult time.irish pete ag06 said:
Major prayers needed fellas. Mom is going on a vent. She hasn't shown any improvement for 3 weeks. She was struggling on the bipap this morning. I pray that she pulls through. My sons love their gingy.
irish pete ag06 said:
Major prayers needed fellas. Mom is going on a vent. She hasn't shown any improvement for 3 weeks. She was struggling on the bipap this morning. I pray that she pulls through. My sons love their gingy.
It's hard to sustain this kind of selling long term, but I wouldn't be shocked at the stops we hit at the open.....THEN we look for a bouncey cash flow play.$30,000 Millionaire said:
I think we are at or near the end of selling.