Double top on the day would not be ideal, hopefully it doesn't confirm.
irish pete ag06 said:
Yes
I have been watching your trades and interested in your process also.$30,000 Millionaire said:irish pete ag06 said:
Yes
It depends. I'd need to explain it to you.
ChemAg15 said:
Red days finish green in a bear market rally? I went long om QQQ this morning. We'll see if my theory works.
double agree, I went with puts on failed double top. 375.89 is intraday 50%. I hoping for that.topher06 said:
Agreed, and out of a potential double top and into a bear flag. Think this isn't goign to be pretty the rest of the day.
EDIT: Take this with a grain of salt. I'm not good at this stock thing.
spy could see resistance at 376.50 had lots of volume in that area and is vwap, and 38.2% fib is there as well.Txducker said:double agree, I went with puts on failed double top. 375.89 is intraday 50%. I hoping for that.topher06 said:
Agreed, and out of a potential double top and into a bear flag. Think this isn't goign to be pretty the rest of the day.
EDIT: Take this with a grain of salt. I'm not good at this stock thing.
It's that time of day, lunchtime chop.$30,000 Millionaire said:
Chop now.
Farmer @ Johnsongrass, TX said:
SPR release last week at approx 3.4mb. Crude will likely show a draw again for last week in the DOE/EIA report on this Wednesday. Imagine that..
Decisions decisions
From my earlier post, can that WTI:XOM spread get any wider? LOL!
I am out, did not hit my target. Should have exited sooner and not been so greedy, especially since it was a counter trend trade. Lesson learned.Txducker said:
double agree, I went with puts on failed double top. 375.89 is intraday 50%. I hoping for that.
topher06 said:
Another leg up with no real bear response. Are they just loading? Of course they can make plenty of money on churn, but does seem odd. Day after September OPEX was a big green day, followed by several (some huge) red days.
I don't know it looks like we could be trying for the 50 day EMA, and just melting up right now.Charismatic Megafauna said:topher06 said:
Another leg up with no real bear response. Are they just loading? Of course they can make plenty of money on churn, but does seem odd. Day after September OPEX was a big green day, followed by several (some huge) red days.
I like it. Just capped off my expiring xsp calls and bought a couple wed spy puts (372s)
Farmer @ Johnsongrass, TX said:
Next week.
That's what we are gonna do.
Push It!
Have a great weekend!