FJ43 said:
Agree to more downside but I think we fill todays gap. Maybe not today but next week as a guess.
Isnt there a fed meeting next week?
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Last: 2 hrs ago by Heineken-Ashi
Isnt there a fed meeting next week?
FJ43 said:
I'm going to play long into close for weeks expiry. SPY
Aaaaaand trail set
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Philip J Fry said:
Still targeting 3500 as my s$p bottom.
I like where your head is at, took a big ol bite of VTI around 3750 months back so I might get two bites if we get to 3500.
Scalping watch 386 blue EMA. As long as holds.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
SPX NHOD
3900? 30k printing money even when "wrong" mad props
FJ43 said:
Scalping watch 386 blue EMA. As long as holds.
Ping. Right into it. Let's see.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Went ahead and closed put spread at 0.5.
It's opex and anything can happen.
It's opex and anything can happen.
Somebody is spankin some rally ass somewhere
We're about to put a green hammer on daily aren't we?
Come on 386 bulls grip it and rip it
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Get over 3875 SPX!
Call your shot. Gap up or down Monday?
I'll go with Ags smoke Miami and we gap and go to 392+ on SPY
There. Yalls turn.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Feels like we need to retest 3925-35 before another big flush.
Going gap up. No trades on.
Going gap up. No trades on.
Isn't Powell suppose to speak September 21st regarding inflation? From the reports it sounds like its going up so wouldn't that make the overall market go down again?
I'm curious how much the market has already taken in consideration of that or what that will do for the days leading up to the speech.
I'm curious how much the market has already taken in consideration of that or what that will do for the days leading up to the speech.
So gapnup? That'll give us island top and island bottom? Super confusing so that's probably the move. I closed my SPY positions. Didn't feel confident in much in either direction.
Hope you all made Bank this week. Best week for me in quite a while :-)
Hope you all made Bank this week. Best week for me in quite a while :-)
Think at this point the market is just afraid of a 1% rate hike, 0.75% is already fully baked in. They'll be looking towards whether Powell thinks the current efforts are having enough of an impact. I don't think its very clear that the minimal increase spells the doom we've seen hit the market over the last week, but it definitely isn't a good sign and could result in the Fed reacting with a stronger hand. Obviously, this inflation is (i) not transitory and (ii) a significant problem being exacerbating by our gross overspending.Golf1 said:
Isn't Powell suppose to speak September 21st regarding inflation? From the reports it sounds like its going up so wouldn't that make the overall market go down again?
I'm curious how much the market has already taken in consideration of that or what that will do for the days leading up to the speech.
i'm bearish. not moving far off 3860 range. i'm calling gap down
Rode these from .10 to .29. And some 0DTE 383/385/387c lottos from .4 to 1.25.wanderer said:
Went with some 0DTE 384/385/386c butterfly lottos for a dime.
https://www.msn.com/en-us/money/markets/nomura-calls-for-100-bps-fed-hike-in-september-as-speculation-rises/ar-AA11MMeW
Interesting to see what predictions look like leading up to next week
Interesting to see what predictions look like leading up to next week
Have a great weekend gents. First week at the new job has me trying to pick up on a Korean accent again. It's been a while since I've worked with foreign nationals. But they're pretty freaking cool so it all works out. Actually got to read some of the plays this week and many are coming along in this forum. It's a great place to be.
That's awesome.
I also started my new gig on September 1. I am not used to the... freedom.
For 16 years, a bell rung every 45 minutes. I ate lunch (nearly always leftovers I brought with me) in about 20 minutes... and I was on a practice field or game field for 20+ hours a week for most of the year. Sure, school has some decent little vacation times, but being a coach... many of those got eaten into quite a bit.
Being in an office on pretty much my own schedule... and eating lunch (not leftovers) for an hour... sometimes longer. This is a whole new world for me.
I made a different thread about this, but changing my wardrobe over from dry fit everything to office attire was honestly one of the bigger tasks... Was not looking forward to all that cotton. Thankfully there are lots of good "performance" dress clothes now that I have built most of my wardrobe with (Mizzen & Main being one, but a few others as well).
I take my Series 7 sometime in the next 4-6 weeks, then I'll have one more and I'll be a financial advisor.
I also started my new gig on September 1. I am not used to the... freedom.
For 16 years, a bell rung every 45 minutes. I ate lunch (nearly always leftovers I brought with me) in about 20 minutes... and I was on a practice field or game field for 20+ hours a week for most of the year. Sure, school has some decent little vacation times, but being a coach... many of those got eaten into quite a bit.
Being in an office on pretty much my own schedule... and eating lunch (not leftovers) for an hour... sometimes longer. This is a whole new world for me.
I made a different thread about this, but changing my wardrobe over from dry fit everything to office attire was honestly one of the bigger tasks... Was not looking forward to all that cotton. Thankfully there are lots of good "performance" dress clothes now that I have built most of my wardrobe with (Mizzen & Main being one, but a few others as well).
I take my Series 7 sometime in the next 4-6 weeks, then I'll have one more and I'll be a financial advisor.
That's awesome man. From one former teacher to another, it's worth it. Left teaching nearly a decade ago and pursued my CPA license. It was absolute hell going through it. There were days in a row where I never saw my kids from leaving the house to arriving back home but it's been worth it. Especially with this move. Betting on myself and it's been a long time since I've done that.
You're hanging out with Deshaun Watson.Spoony Love said:
Have a great weekend gents. First week at the new job has me trying to pick up on a Korean accent again. It's been a while since I've worked with foreign nationals. But they're pretty freaking cool so it all works out. Actually got to read some of the plays this week and many are coming along in this forum. It's a great place to be.
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Saltyag15 said:
Somebody is spankin some rally ass somewhere
Let's just say my day was strong into the close.
3900 AH
Anyone know how to check /ES on tdameritrade mobile app? Only seems to work on tos.
Anyone know how to check /ES on tdameritrade mobile app? Only seems to work on tos.
I'm hedged for this retest, but man if this ends up being a fake breakdown, it will be an epic squeeze. So many more TA traders these days, all with same short bias on this trendline break
I believe more downside will come and possibly new lows. 3200, 3000 not so sure. 3400-3500 I could see in next 2. Here to mid terms I think chop and grind down. Pops are sold. Post election some sort of so called rally but not to new highs.
All that said price dictates all. As a TA trader I take what's in front of me and play that. Work to not have a bias.
All that said price dictates all. As a TA trader I take what's in front of me and play that. Work to not have a bias.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
works for me! I'd be willing to bet Jimbo's record after a loss is nearly perfect/ undefeated.FJ43 said:
Call your shot. Gap up or down Monday?
I'll go with Ags smoke Miami and we gap and go to 392+ on SPY
There. Yalls turn.
Man what would be really dirty is if we rally next couple weeks after breaking that trend line…
Then go break the orange trend line… then plummet to new lows.
That would be double dirty
Then go break the orange trend line… then plummet to new lows.
That would be double dirty
https://www.cnbc.com/2022/09/16/heres-whats-in-biden-framework-to-regulate-crypto.html
I don't mess with crypto so I don't know if this is good or bad. That said, it's been my experience that anytime government, both right and left insert themselves into anything, they have a perfect batting average of ****ing things up.
I'm only bringing this here because I know a few of you are in the crypto world.
I don't mess with crypto so I don't know if this is good or bad. That said, it's been my experience that anytime government, both right and left insert themselves into anything, they have a perfect batting average of ****ing things up.
I'm only bringing this here because I know a few of you are in the crypto world.
For long holders it's a great time.Eliminatus said:
I chose an absolutely terrible time to start getting into this….
These charts keep coming into focus each day. Midway thru month, both suggest more downside upcoming. Prolly a blessing for most TA traders on this threadBREwmaster said:
September usually sees a good dump at some point, you decide if seasonality goes midterm election year or typical seasonality chart:
typical:
midterm year:
My bf from high school predicts S&P slide to 3400 and maybe 3000
Morgan Stanley Expects S&P 500 to Decline by 13% in 2022
On September 6, Morgan Stanley strategist Michael Wilson slashed his forecast for market earnings for 2022. Mr. Wilson noted that an economic slowdown is expected to impact equity markets more than rising inflation and aggressive Fed policies. Michael Wilson now expects earnings per share growth to contract by 3% in 2023, and this is without assuming a recession. Mr. Wilson said that Morgan Stanley expects to see significantly more negative EPS revisions in the back half of 2022 and into 2023 than the bank had "seen in the past several cycles". Michael Wilson forecasted that the market is expected to bottom in the fourth quarter of 2022. Further, he expects the S&P 500 to fall to $3,400 in 2022, down 13% from its current levels, and in the event of a recession, Mr. Wilson expects the S&P 500 to fall to $3000 by year-end. As of September 15, 2022, the S&P 500 has lost 18.3% year to date.
Morgan Stanley Expects S&P 500 to Decline by 13% in 2022
On September 6, Morgan Stanley strategist Michael Wilson slashed his forecast for market earnings for 2022. Mr. Wilson noted that an economic slowdown is expected to impact equity markets more than rising inflation and aggressive Fed policies. Michael Wilson now expects earnings per share growth to contract by 3% in 2023, and this is without assuming a recession. Mr. Wilson said that Morgan Stanley expects to see significantly more negative EPS revisions in the back half of 2022 and into 2023 than the bank had "seen in the past several cycles". Michael Wilson forecasted that the market is expected to bottom in the fourth quarter of 2022. Further, he expects the S&P 500 to fall to $3,400 in 2022, down 13% from its current levels, and in the event of a recession, Mr. Wilson expects the S&P 500 to fall to $3000 by year-end. As of September 15, 2022, the S&P 500 has lost 18.3% year to date.