Here is the thing about Elliot Wave, the count is constantly being adjusted. I know the count you are talking about, and it assumes Friday was end of wave 5 high, guess we will see. That count can always be invalidated.BaylorSpineGuy said:
If Elliott wave counts are right, that may be the end of 4000 SPX for a while.
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I don't know any profitable Elliot wave traders. They might be out there, I just don't know any.
wanderer said:
OA, you still in the Dec APA $55 calls you called out?
Seems like at this point it's more about the price of oil than it is a TA thing.
I don't think it will go to $55.
I really should play casino stocks more often. This looks great for a breakout.
Lots of Twitter rumblings about China ending their COVID lockdowns. I'll believe it when I see it, but when it happens it'll have rippling effects across markets.
I'm liking CZR down here personally but we are on the same wavelength.
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It's 10:38pmCST right now and in approx 2.5 hours there's a press conference in Beijing regarding Covid. If they decide to open back up, oil will roar....and so will oil & gas stocks. PreMarket would be to the moon. Let's go!wanderer said:
Lots of Twitter rumblings about China ending their COVID lockdowns. I'll believe it when I see it, but when it happens it'll have rippling effects across markets.
Yep. And I have to wonder if the way oil futures having been creeping up this evening is telling of that
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Brother, I hope so. Because if crude oil and O&G stocks blast off - I'll dance at your next wedding!!! ;- ))wanderer said:
Yep. And I have to wonder if the way oil futures having been creeping up this evening is telling of that
Mornun!
Watch SPY 397.84-398 today.
Trade wisely!
Watch SPY 397.84-398 today.
Trade wisely!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
been in Wynn for 8 months now! for the longest time it was a massive dog but has turned around nicely$30,000 Millionaire said:
I really should play casino stocks more often. This looks great for a breakout.
eventually covid will leave china, and opening up Macau should really help the stock price
oh you think that's why they're on lockdowns??LMCane said:
been in Wynn for 8 months now! for the longest time it was a massive dog but has turned around nicely
eventually covid will leave china, and opening up Macau should really help the stock price
What's WYNN headed to? I know nothing about casinos, but hell it seems similar to oil in a lot of ways lol
I'm going to trim LABU. Don't trust macros
Had to pull the trigger on UVXY again while it's near the 52wl. Any bounce with J-POW or whatever should bring at least a little profit, one would hope.
Good gosh
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59 South - You better get out the big coat.
https://finance.yahoo.com/news/chinese-markets-slump-covid-protests-070155080.html
No need to worry, we have plenty of energy...not.
December ends the SPR Releases and OPEC+ lowers the boom on JB with a production cut to be announced Dec 4th. G7 Price Caps are meaningless. Nobody wants to freeze, especially during global warming. Putin is about to take a pose for a painting showing the moment he knew he had Green Energy Globalists by the shorthairs.
2 to 5 inches of snow tonight in our forecast. Winter is here.
https://finance.yahoo.com/news/chinese-markets-slump-covid-protests-070155080.html
No need to worry, we have plenty of energy...not.
December ends the SPR Releases and OPEC+ lowers the boom on JB with a production cut to be announced Dec 4th. G7 Price Caps are meaningless. Nobody wants to freeze, especially during global warming. Putin is about to take a pose for a painting showing the moment he knew he had Green Energy Globalists by the shorthairs.
2 to 5 inches of snow tonight in our forecast. Winter is here.
Farmer @ Johnsongrass, TX
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Anybody here playing GUSH?
FJ43 said:
Mornun!
Watch SPY 397.84-398 today.
Trade wisely!
We are not worthy
Watching OIL and UCO jump today too.Farmer @ Johnsongrass, TX said:
Anybody here playing GUSH?
Charismatic Megafauna
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AG
techno-ag said:Watching OIL and UCO jump today too.Farmer @ Johnsongrass, TX said:
Anybody here playing GUSH?
Guess i should have held a couple of those cpe calls from yesterday
Yesterday I wanted to see what happened at the yellow and we pinged it.
Today I want to see the green. Maybe it gets there maybe it doesn't.
Trade wisely!
Today I want to see the green. Maybe it gets there maybe it doesn't.
Trade wisely!
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
Let me guess, that yellow trendline is the daily trendline from covid low to the 6/17 bottom this year?
If the answer is no, then it's just a coincidence that they're both really close.
If the answer is no, then it's just a coincidence that they're both really close.
roughly 391.8?
I'm ready. I did buy me one of those fancy North Face double decker puffy jackets last weekend.Farmer @ Johnsongrass, TX said:
59 South - You better get out the big coat.
Oddly enough, first freeze this weekend which is pretty late. I also took a nice trip to West Africa last week to get nice and thawed out ahead of the next few months.
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Europeans are taking trips to West Africa in order to survive Putin's Winter! You heard it here first, folks.
Close. That's the 10/13 and Nov uptrend line which is close to the Covid low trendline.
Wealth gained hastily will dwindle. but whoever gathers little by little will increase it.
Proverbs 13:11
Proverbs 13:11
DIS creeping back down...anyone like it for a long at these levels?
On today's edition of "Markets Behaving Badly"...
Is 59 going to get out the big red coat?
Sorry, I had to.
Farmer - I trade it often, small size normally for mean reversions. Buy 175, sell 180
Sorry, I had to.
Farmer - I trade it often, small size normally for mean reversions. Buy 175, sell 180
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AG
Anybody have thoughts on how end of month (tomorrow) is messing with price action?
So guess the China reopening thing never panned out.
Bob Knights Paper Hands
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Charismatic Megafauna said:
Anybody have thoughts on how end of month (tomorrow) is messing with price action?
I have no valid thoughts on the market at the moment. Two weeks ago I got popped by the polish rocket and yesterday I forgot there was Fed speak. Both times with SPX calls and the sudden drops happened too fast to sell at my stop price. Erasing weeks of gains. I am taking a break for the rest of the week and then back testing another strategy.
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Got it! Thanks! I was wondering about it.
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