200 points!
You don’t trade for money, you trade for freedom.
$30,000 Millionaire said:yes. I don't think we've bottomed. I think bottom is 4170 now.agdaddy04 said:meaning I bought too early?$30,000 Millionaire said:be prepared to take heat.agdaddy04 said:
Just bought a couple hundred MSFT at $275. - there were some crazy buys well above ask there. I saw some print over $286. Very odd, right?
agdaddy04 said:meaning I bought too early?$30,000 Millionaire said:be prepared to take heat.agdaddy04 said:
Just bought a couple hundred MSFT at $275. - there were some crazy buys well above ask there. I saw some print over $286. Very odd, right?
he said this morning that we don't have a tradeable bottom yet. I won't post his charts here. He thinks volatility will continue as well.BREwmaster said:$30,000 Millionaire said:yes. I don't think we've bottomed. I think bottom is 4170 now.agdaddy04 said:meaning I bought too early?$30,000 Millionaire said:be prepared to take heat.agdaddy04 said:
Just bought a couple hundred MSFT at $275. - there were some crazy buys well above ask there. I saw some print over $286. Very odd, right?
Is this HP's take as well?
I'm with you, I think vix will moonshot again soon. Maybe tomorrow, maybe in a few days
Nice post.59 South said:
Too busy making sure I don't mess my work project up - thanks 30k for the career advice reiteration...
Just wanted to note something I found interesting this morning. If I'm seeing this correctly, daily volume yesterday on QQQ and IWM was more than any day in March 2020. QQQ was highest daily volume since August 2011. That means something and can't just be chalked up to 'short covering' as a lot of permabear fintwit dorks are rooting for.
Previous daily volumes on these have signaled either medium/long term bottom, or first bottom with successful retest coming within a few weeks. Makes sense with beat up tech and small caps.
SPY kinda similar but not as out of the ordinary. Less volume than 2020, 2018 (2x), 2016, 2015.
You're on fire with nuggets bro.....$30,000 Millionaire said:
for tomorrow:
- The banks already know what the fed is going to say, we (retail) don't. They have people on the inside, just like they do at every american corporation. The industry is corrupt AF if you haven't figured it out already
- The first move is not always the move
- Expect morning volatility and then nothing while everyone waits
- There will be a fury once the initial move happens and then the direction is decided
- IV is going to be up, premiums will be elevated. It will be difficult to trade because IV will collapse after the fed announcement
- DO NOT TRADE IN THE 2 HOURS BEFORE THE ANNOUNCEMENT (1pm central)
On S&P:
- 4270 and 4380 have been important levels. One or both will be important tomorrow.
- The 4340 bull/bear line will also continue to be important. Price is around this right now
- If you couldn't tell 4400 was resistance today. 4435, 4450, and 4500 will be upper resistance
- 4270 and 4210 will be support. Below that 4175 and 4150 are your supports. I do not think we will hit either of these tomorrow
- The 8 EMA and 200 SMA are at 4430 area. That will be fierce resistance and the market will react there if we touch that
- The 21 is all the way up there at 4560! It would not be unreasonable for us to revert to the falling mean in a rally. The macro trend is still down until we know otherwise.
- If you are a fibonacci person (I use these a lot), 4353 is the 23.6%, 4440 is 38.2%, 50% or model-T is 4511, 4581 is 61.8%, 4681 is the 78.6%. We hit the 23.6 yesterday and got close to 38.2, we are currently basing right below the 23.6
update us when you get it ironed outMcInnis 03 said:
McInnis just got the free trial of Bookmap enabled on ThinkOrSwim. Gives me access to AAPL, MSFT, and............./ES.
jimmo said:update us when you get it ironed outMcInnis 03 said:
McInnis just got the free trial of Bookmap enabled on ThinkOrSwim. Gives me access to AAPL, MSFT, and............./ES.
heck, I'd never heard of it til today
dang itMcInnis 03 said:jimmo said:update us when you get it ironed outMcInnis 03 said:
McInnis just got the free trial of Bookmap enabled on ThinkOrSwim. Gives me access to AAPL, MSFT, and............./ES.
heck, I'd never heard of it til today
Can't get it to work, I'm afraid a firewall at work is to blame
I hear there is someone at your office that may be able to take advantage of the firewall and get it to open up.McInnis 03 said:jimmo said:update us when you get it ironed outMcInnis 03 said:
McInnis just got the free trial of Bookmap enabled on ThinkOrSwim. Gives me access to AAPL, MSFT, and............./ES.
heck, I'd never heard of it til today
Can't get it to work, I'm afraid a firewall at work is to blame
59 South said:
I too have a pretty common name... not as common as say Bob Smith, but there a lots of people with my name. I got the big X at US customs with interview every single time I re-entered the country for about a decade cause some dude with my name was on the domestic terrorist list. Somehow that stopped in the last couple of years thankfully. Yea I know... cool story bro
Thanks 30K. I appreciate your insight.$30,000 Millionaire said:
for tomorrow:
- The banks already know what the fed is going to say, we (retail) don't. They have people on the inside, just like they do at every american corporation. The industry is corrupt AF if you haven't figured it out already
- The first move is not always the move
- Expect morning volatility and then nothing while everyone waits
- There will be a fury once the initial move happens and then the direction is decided
- IV is going to be up, premiums will be elevated. It will be difficult to trade because IV will collapse after the fed announcement
- DO NOT TRADE IN THE 2 HOURS BEFORE THE ANNOUNCEMENT (1pm central)
On S&P:
- 4270 and 4380 have been important levels. One or both will be important tomorrow.
- The 4340 bull/bear line will also continue to be important. Price is around this right now
- If you couldn't tell 4400 was resistance today. 4435, 4450, and 4500 will be upper resistance
- 4270 and 4210 will be support. Below that 4175 and 4150 are your supports. I do not think we will hit either of these tomorrow
- The 8 EMA and 200 SMA are at 4430 area. That will be fierce resistance and the market will react there if we touch that
- The 21 is all the way up there at 4560! It would not be unreasonable for us to revert to the falling mean in a rally. The macro trend is still down until we know otherwise.
- If you are a fibonacci person (I use these a lot), 4353 is the 23.6%, 4440 is 38.2%, 50% or model-T is 4511, 4581 is 61.8%, 4681 is the 78.6%. We hit the 23.6 yesterday and got close to 38.2, we are currently basing right below the 23.6
Aggie Daniel,aggiedaniel06 said:
Just as a tidbit, Book maps are great for intraday scalping and getting a gauge for intraday support / resistance. All it tells you is where the wall of liquidity lies.
You do get a few head fakes from algos pulling liquidity last second but in general it is a solid tool.
Especially great for futures.aggiedaniel06 said:
Just as a tidbit, Book maps are great for intraday scalping and getting a gauge for intraday support / resistance. All it tells you is where the wall of liquidity lies.
You do get a few head fakes from algos pulling liquidity last second but in general it is a solid tool.
$30,000 Millionaire said:he said this morning that we don't have a tradeable bottom yet. I won't post his charts here. He thinks volatility will continue as well.BREwmaster said:$30,000 Millionaire said:yes. I don't think we've bottomed. I think bottom is 4170 now.agdaddy04 said:meaning I bought too early?$30,000 Millionaire said:be prepared to take heat.agdaddy04 said:
Just bought a couple hundred MSFT at $275. - there were some crazy buys well above ask there. I saw some print over $286. Very odd, right?
Is this HP's take as well?
I'm with you, I think vix will moonshot again soon. Maybe tomorrow, maybe in a few days
That's a monthly view of SPY from July 2016BREwmaster said:
watch it or strangle it
BREwmaster said:agdaddy04 said:meaning I bought too early?$30,000 Millionaire said:be prepared to take heat.agdaddy04 said:
Just bought a couple hundred MSFT at $275. - there were some crazy buys well above ask there. I saw some print over $286. Very odd, right?
Just sell cc's at the open tomorrow morning (out a couple months). All good, great dip buy!
I'd lean more towards a relief rally tomorrow than what you've outlined. JMO.Spoony Love said:
Man I cannot keep up with this thread in the evenings like I want to. Between show goats and meat birds, I have to consume all of this in the early mornings.
So we bullish until $JPOW? I kid, but honestly I expect a rip in the morning to about $440. Once fed speaks, we see a rip down to test back to $430. I expect the next big drop on Thursday. I don't think we are at a tradable bottom either. I don't know where that is though.
I expect some heavy inflation talk tomorrow to distract from but also support a rate hike.
I'll be ready either way this goes though. Wouldn't it be funny if we just trade sideways? Not funny.
yeah if you are up that much pre-market, it'd be hard to pass up $3400. You can always re-enter over the next week or 3 when the dust settles.agdaddy04 said:BREwmaster said:agdaddy04 said:meaning I bought too early?$30,000 Millionaire said:be prepared to take heat.agdaddy04 said:
Just bought a couple hundred MSFT at $275. - there were some crazy buys well above ask there. I saw some print over $286. Very odd, right?
Just sell cc's at the open tomorrow morning (out a couple months). All good, great dip buy!
Was debating if I should just sell on the open and take the $3400 profit…
What strike on a CC are you thinking?
$30,000 Millionaire said:Aggie Daniel,aggiedaniel06 said:
Just as a tidbit, Book maps are great for intraday scalping and getting a gauge for intraday support / resistance. All it tells you is where the wall of liquidity lies.
You do get a few head fakes from algos pulling liquidity last second but in general it is a solid tool.
You've forsaken us. I'm thinking about taking up DOM reading - is there any particular platform you like?
FJ43 said:
What do you do with this?
Here's why ES was moving in 10 tick increments today.
— zerohedge (@zerohedge) January 26, 2022
The HFTs have completely shut down and nobody is providing any liquidity. pic.twitter.com/WmdjUAnFkH
Been driving latest Cybertruck prototype around Giga Texas. It’s awesome!
— Elon Musk (@elonmusk) January 26, 2022