BlueTaze said:
I think most of the move expected today happened overnight. May open around 3860 where Mancini and OA put support and potential relief bounce.
There has been enough of a move where a SnapBack is inevitable.
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Last: 3 hrs ago by Heineken-Ashi
There has been enough of a move where a SnapBack is inevitable.
GreasenUSA said:
Pretty tough to gauge what the market is going to do = Pretty easy to gauge what I'm going to do: wait.
You said it better than I could.
I would probably want to see 3880 on e-mini recapture to consider longs. Probably reject for shorts
I don't feel like it's as big a deal right now with the current macro environment, but AMZN filled its big gap up from July 28-29.
Due to today's gap down, the gap is still there.Saltyag15 said:
I don't feel like it's as big a deal right now with the current macro environment, but AMZN filled its big gap up from July 28-29.
SPY is bouncing hard off 383 and seems volatile at that level. If bears take out 383, I don't see anything until about 380? (Please correct me if I am not seeing right)
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I think this 5 minute candles is the one that shows direction for the remainder of the early part of the morning. Do we get to 3837 now or do we have a little move back to middle of the channel at least?
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And if we're continuing lower, I think TSLA sees 293.50 sooner rather than later.
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I took profits on my TSLA puts. We have a 50-50 to move up here. I bought 4 of those XSP calls I was talking about earlier. Sell order for 3 of them at 3x and I'll hold the last one until later this afternoon or expiry. Lotto size if course, this is still a really bearish looking tape.
Honestly, following this guy has given me confidence in my technical analysis of the s&p market.
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SPX and QQQ reached the 10-sma on a 5-min chart right on cue. It'll be interesting to see if they follow through to the 21-sma and further to the top BB or if we reverse back down here. It feels to me like we retest opening prices.
And we just did on QQQ, I'm slow to type on my phone.
And we just did on QQQ, I'm slow to type on my phone.
I have about $4k of SCHB (broad market ETF) in my Roth that just went red today. Someone talk me out of selling that and dumping it all into UPRO.
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I went ahead and sold those 3 XSP calls. Left with 1 contract netfree+. I'm likely done for the day with a very, very tiny green day. It'll pay for a nice dinner with the misses.
Brian Earl Spilner said:
I have about $4k of SCHB (broad market ETF) in my Roth that just went red today. Someone talk me out of selling that and dumping it all into UPRO.
unless we're talking day trade/ scalp I would not be longing UPRO here over the weekend, but that's just me.
What I did today:
- Bought 20 3890 calls at 6, sold 16 at 9, just going to let the rest ride.
- bought 10 3900 calls at 5 on a roll, sold all at 6.
Now we wait and see if we get the opex surge.
- Bought 20 3890 calls at 6, sold 16 at 9, just going to let the rest ride.
- bought 10 3900 calls at 5 on a roll, sold all at 6.
Now we wait and see if we get the opex surge.
Same strategy in a small account
I am buying as a lotto: one, ein, uno, une, ichiban 3900C at 2.5
Inflation is t helping the market, it could be worse!
https://finance.yahoo.com/news/argentina-hike-interest-rates-75-200117136.html
https://finance.yahoo.com/news/argentina-hike-interest-rates-75-200117136.html
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$30,000 Millionaire said:
I am buying as a lotto: one, ein, uno, une, ichiban 3900C at 2.5
Look at 30k with his fancy talkin Espanol.
yeah, you guys have no idea. 5-6% per month is nothing around here (referring to inflation in ARG)
Up 50%!
I'm holding and will be low key pissed if this doesn't go to $25
I'm holding and will be low key pissed if this doesn't go to $25
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BREwmaster said:Brian Earl Spilner said:
I have about $4k of SCHB (broad market ETF) in my Roth that just went red today. Someone talk me out of selling that and dumping it all into UPRO.
unless we're talking day trade/ scalp I would not be longing UPRO here over the weekend, but that's just me.
Same. Leveraged ETFs are fine for defined trends. While it feels like a rebound will happen short term, I definitely don't see a defined uptrend longer than intraday. I'd be careful leveraging either long or short here unless you have a specific plan, target, stop, etc.
Wasn't paying attention and realized I got in a put that expires today and it's killing me
I think SPX is going to hold 3850. Remember we have ripped the last couple of opex sessions. Anything can happen but just something to remember. We will know shortly
$NCR took a >20% dive this morning on the news that it is planning to split into 2 publicly traded companies next year.
currently around $22.50 after closing yesterday at $29.09. the leadership team believes that the stock will be back in the upper $20s in a couple weeks.
currently around $22.50 after closing yesterday at $29.09. the leadership team believes that the stock will be back in the upper $20s in a couple weeks.
i'm lottoing a SPX 3890C
$30,000 Millionaire said:
I think SPX is going to hold 3850. Remember we have ripped the last couple of opex sessions. Anything can happen but just something to remember. We will know shortly
Agree...also on daily looks like 3850 is the shoulder line on a reverse H&S. May shoulder, June head, Sept shoulder. With both shoulders putting a double bottom W in. So we are at right side of double bottom for next leg up, or about breakdown lower.
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Anyone notice the delta between the 10YR and 2YR UST is -44bps? The widest it's ever been was 50bps in the 80s I think
Lookin around lunch time for a resolution
Price is in a triangle near the lows. This could be interesting.
I'll close my SPY puts at $381. Gotta bounce back Monday
Lots of bearish sentiment all of a sudden on fintwit. Fresh bears right here at the lows. Let's see.
You have a personal thing against me or something?
1981. I predicted -50 by Thanksgiving and Powell will give it to us.Red Pear BCS Luke said:
Anyone notice the delta between the 10YR and 2YR UST is -44bps? The widest it's ever been was 50bps in the 80s I think