bullish... believe it or not, if today's low holds, we're making a beauty of a rounded bottom going back to Friday. and the touches are almost perfect
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Last: 3 hrs ago by Heineken-Ashi
My post from March. We're here.TecRecAg said:
I did some totally non-technical work on SPY last night. I looked at the point increase from June of each year for the last 6 years. Average 27.6 points YoY (until you get to 2020). June of 2020 was only a 15 point increase from 2019. June 2021 is a 100 point increase over '20. I'm not telling anyone anything in here that doesn't already know this, but the future looks bleak when I did this.
If you were to keep the average increase over the course of '20 and '21 (like Covid never happened) it lands us at SPY 352. Weekly 200EMA currently... 354.
When retail finally taps out, I think that's where we are headed.
Signed,
Not an expert on anything.
FOMC today and CPI tomorrow could trap a lot of people if going by that.
Or you could be a genius and beat the system if that holds.
Or you could be a genius and beat the system if that holds.
I could care less what the numbers are, I'm only looking for technical setups, support, resistance, trend lines etc.Golf1 said:
FOMC today and CPI tomorrow could trap a lot of people if going by that.
Or you could be a genius and beat the system if that holds.
A lot of the time too the market prices in the bad news first, then when it's released we rip, trapping bearish retail.
irish pete ag06 said:In all seriousness... I'm planning to open an account and DCA into TQQQ a small amount each month and not even look at it until we hit all time highs again. Haha.techno-ag said:
Yeah someday tech will go back up, one would think, and TQQQ will soar.
This guy notes a correlation between market bottoms and the number of shares outstanding in TQQQ. It's not perfect, but it's interesting. https://seekingalpha.com/article/4546022-current-tqqq-metrics-still-indicate-a-bear-market-bottom
Yes...BREwmaster said:
bullish... believe it or not, if today's low holds, we're making a beauty of a rounded bottom going back to Friday. and the touches are almost perfect
Seems like the way retail gets screwed the most.
Negative headlines stacked on negative headlines. Many of which are easily manipulated (like the BOE guy saying you got 3 days or whatever).
Anyone else eyeing DNN?
I've lost money twice on LABU. Tempting to jump in again with it so low. Would love to make it thrice.
Yes. Wanting it to get sub $1 and I'll buy a bunch.Philip J Fry said:
Anyone else eyeing DNN?
That's an interesting article. Thank you for sharing.techno-ag said:irish pete ag06 said:In all seriousness... I'm planning to open an account and DCA into TQQQ a small amount each month and not even look at it until we hit all time highs again. Haha.techno-ag said:
Yeah someday tech will go back up, one would think, and TQQQ will soar.
https://seekingalpha.com/article/4546022-current-tqqq-metrics-still-indicate-a-bear-market-bottom
$SPY $1.0M 2DTE Call 👀
— Cheddar Flow (@CheddarFlow) October 12, 2022
Strike: 361
Expiration: 10/14
*Above the Ask* pic.twitter.com/M9NLTS2Dhy
This person either knows something or they have some huge balls.
Right at the trend line that has sent it up a few times.Bird Poo said:Yes. Wanting it to get sub $1 and I'll buy a bunch.Philip J Fry said:
Anyone else eyeing DNN?
Been hammered on my position in MRVL. Should have put a limit on the downside to mitigate loss. Ride it out? Load up? Or Sell? Ugh.
yep, and this is working! I just closed SPY call scalp, solid gains.
and updated, actually goes back to Friday morning low.
and updated, actually goes back to Friday morning low.
SPX breaking out of the triangle.
Spoke too soon.
Yup, that's what I was seeing. Got in at 1.09. Was wanting 1.07, but wasn't in a position to make the order at the time.
Golf1 said:$SPY $1.0M 2DTE Call 👀
— Cheddar Flow (@CheddarFlow) October 12, 2022
Strike: 361
Expiration: 10/14
*Above the Ask* pic.twitter.com/M9NLTS2Dhy
This person either knows something or they have some huge balls.
Or they have a bigger short position.
BREwmaster said:
yep, and this is working! I just closed SPY call scalp, solid gains.
and updated, actually goes back to Friday morning low.
Seems to be holding.
Yesterdays Model T seems to be holding today at $359.36. I feel like it's going to be breaking above it soon but we will see.
War at 3600
This is getting old. Looking like another slow bleed the rest of the day.
Will see. Fed minutes out at 1 so who knows.
God SPY premiums are out of control
Foxy Oxy.
lows keep holding though, and actually higher lows. So I'd lean bullish. and I think the news is priced in at this point.Brian Earl Spilner said:
This is getting old. Looking like another slow bleed the rest of the day.
What would the FOMC minutes say that would be helpful? Seems like it would need to be: Guys, I know we are throwing haymakers meeting after meeting but I think we should just do one more for ****s and grins and then be done with it. No one tell Nancy, she front runs everything and we want this to be a surprise.
Assume you've moved stops up to BE?
You're treating this as a day trade? Scaled out any yet?
Nearing yesterdays high of 65.45. There's a tiny gap from Monday (65.59) to fill as well.
You're treating this as a day trade? Scaled out any yet?
Nearing yesterdays high of 65.45. There's a tiny gap from Monday (65.59) to fill as well.
holding up like a champ.... OR is it!
topher06 said:
What would the FOMC minutes say that would be helpful? Seems like it would need to be: Guys, I know we are throwing haymakers meeting after meeting but I think we should just do one more for ****s and grins and then be done with it. No one tell Nancy, she front runs everything and we want this to be a surprise.
Possible debate of .50 vs .75 hike in Nov or maybe holding vs increasing. Hard to imagine it will be more hawkish than Powells speech targeting expectations.
That's said, no telling which way market moves on any new insight.
3590 gotta break down soon
Filled that gap perfectly. Let's see if there's continuation. Next resistance at ~66.14?
Time for algo city
they're going to BTFDRagoo said:
Time for algo city
see if they can push it back to HOD.BREwmaster said:they're going to BTFDRagoo said:
Time for algo city
Otherwise it's just white noise.
No one knows, they're just destroying retail at the moment still with huge churns.