SPX Broke the Fork; climb a tine and bite down again!
Fib retrace for the 2-day selloff: 3498 - 3538. 0.786 fIbo corresponds to the pitchfork TL, expect rejection from 3538.
If its an ABC will end around 3300; if it's a bigger move we gonna see it selloff to close the gap left open at 2865 on 15 May.
This isn't investing advice, consult a licensed bandersnatch before pissing your life savings away gambling in this market!
If its an ABC will end around 3300; if it's a bigger move we gonna see it selloff to close the gap left open at 2865 on 15 May.
This isn't investing advice, consult a licensed bandersnatch before pissing your life savings away gambling in this market!
Bình luận:
Nice opening gap after Labor day consistent with "Sell at market on open" orders; once these fill, expect a strong bounce as we saw in June IMO
Giao dịch đang hoạt động:
Bought calls on all majors, fade the gap!
Giao dịch được đóng thủ công:
Made bank off the weak rally; maybe more in it, maybe not; closed and sit on cash atm, trade safe!
Bình luận:
More Bearish than I expected and the move to close the gap seems to have failed, but all gaps must close; we do have a higher low atm suggests long entry soon...
Bình luận:
RSI at 36 approaching oversold but some wiggle room left, might be one more deep dig left in it IMO; a bull spread might work at this price...
Giao dịch đang hoạt động:
Intraday forming a bull wedge, gonna take another long here; GLTA
Giao dịch được đóng thủ công:
Yeah it's not fading the gap like it should; might be more down left in it IMO; R/R terribad here. Sit; wait.
Bình luận:
Bought vertical call spreads EOD and flipped in AM. Was a gamble but it paid off. Fade the gap made a few more bucks but I'm not confident this gap will close right away. Expect B wave to start here and close this gap on C back down IMO.
Bình luận:
At 3400 SPX tests downchannel upper TL; will it sell again, or breakthrough? Crapshoot here IMO
Giao dịch đang hoạt động:
Entering 10 each bear spreads on DIA SPY QQQ long 30 Sep ITM puts, short Friday's weeklies. Ferocious reaction rally likely provoke some bearish response Thursday IMO. Last correction move in June got a 0.50 Fibo over 5 sessions. Trades at R on SPX, DJI.
Đóng lệnh: dừng lỗ:
Stop-lossed for small drawdown, seems as if insane bullishness returns, no positions. If it gaps up again Thursday, fade the gap then go long IMO
