Just for S’s & G’s – while looking at the multiple prints, I noticed that if you place your pointer in the exact middle of the group (vertical), and look at the following day, most of the time you see either a level of support or resistance. The single prints seem to measure where they want the market to go on an absolute basis.
Check out the 2 prints yesterday…the single print hits EXACTLY, I mean EXACTLY the midpoint of that group of prints after hours. I think this could be what they mean and will be testing this theory.
Red, can you tell me how you placed your bet on options ? what stock option ? and what expiration and cost ? I am curious .. on how you play it.. thanks.
I think it’s a good place to short. Even in the most bullish case, there will be a drop down to SPY 130.21 to complete the pattern. I’m not sure but I am holding some May puts and other short ETFs for the longer-term because I know eventually these levels will break, although a new high could come in March.
Well, I’m not sure what to do here? The charts aren’t much help, and the fear of POMO makes me hesitate to go short over the weekend. But, we’ve had our retracement and should rollover Monday morning (how Monday closes is unknown?).
HFTs are going crazy pushing up the S&P. I wouldn’t be surprised if they let this market fall on Monday just so they can buy it right back up with fresh POMO money. What a bunch of criminals.
We’re putting in a bull flag here (on the 5 minute chart). I think they will take it higher before the close. The 60 minute chart has turned up sharply, as well as the 30 minute chart. We could push up to 1310 spx by the EOD.
The volume started out strong, but has fell off a cliff right now. Light volume always seems to favor the bulls (I wonder why?)… LOL
Hey Red,
Just for S’s & G’s – while looking at the multiple prints, I noticed that if you place your pointer in the exact middle of the group (vertical), and look at the following day, most of the time you see either a level of support or resistance. The single prints seem to measure where they want the market to go on an absolute basis.
Check out the 2 prints yesterday…the single print hits EXACTLY, I mean EXACTLY the midpoint of that group of prints after hours. I think this could be what they mean and will be testing this theory.
Red, can you tell me how you placed your bet on options ? what stock option ? and what expiration and cost ? I am curious .. on how you play it.. thanks.
I like how the criminals left it open-ended by closing just below the support that turned the SPX back down yesterday. Nice poke in the eye.
I took a small short that was “in the money”… so we’ll see what happens I guess?
We hit major FIB retracement levels now going lower to finish….
I’m thinking about a small short… just in case the bottom falls out. At least Monday morning should drop some… I’d think it would.
I think it’s a good place to short. Even in the most bullish case, there will be a drop down to SPY 130.21 to complete the pattern. I’m not sure but I am holding some May puts and other short ETFs for the longer-term because I know eventually these levels will break, although a new high could come in March.
Well, I’m not sure what to do here? The charts aren’t much help, and the fear of POMO makes me hesitate to go short over the weekend. But, we’ve had our retracement and should rollover Monday morning (how Monday closes is unknown?).
HFTs are going crazy pushing up the S&P. I wouldn’t be surprised if they let this market fall on Monday just so they can buy it right back up with fresh POMO money. What a bunch of criminals.
We’re putting in a bull flag here (on the 5 minute chart). I think they will take it higher before the close. The 60 minute chart has turned up sharply, as well as the 30 minute chart. We could push up to 1310 spx by the EOD.
The volume started out strong, but has fell off a cliff right now. Light volume always seems to favor the bulls (I wonder why?)… LOL