Of course it’s less then the selling… only the government is buying here! No smart trader or smart money would be that foolish. They are just waiting on the bounce to get short again. As for the amount, hard too tell? But it’s much less then the selling volume.
I think the first one should now be considered “hit” as it was pretty close at 55.91, so after the bounce today maybe we’ll get the other print tomorrow? Who knows?
The 5 and 15 minute charts need time to reset Dee, and I believe they told us the target with that FP. It doesn’t match up with the open, so I believe it’s real. I’ll look to reshort once it hits that area, and the charts match up in “overbought” territory too.
Of course it’s less then the selling… only the government is buying here! No smart trader or smart money would be that foolish. They are just waiting on the bounce to get short again. As for the amount, hard too tell? But it’s much less then the selling volume.
Red, what is this buying volume? Much less than the selling frenzy at the open?
LOL… it just feels good to finally see some downside! I’ll take your 2,000 points and bet another 2,000 (longer term out of course… he he he)
I think the first one should now be considered “hit” as it was pretty close at 55.91, so after the bounce today maybe we’ll get the other print tomorrow? Who knows?
Alright Red , I’ll bet you 2,000 points to the downside.
Yes, that was from yesterday – it was 52.27. I was just trying to hit the
first one first! LOL
Didn’t you have one much lower then that? I think it was 52 something?
Q’s didn’t quite make it to the 55.80 FP maybe later today???
The volume is heavy Richie. Right now it’s 109 Million on the SPY. We are one track for a 200+ Million day.
The 5 and 15 minute charts need time to reset Dee, and I believe they told us the target with that FP. It doesn’t match up with the open, so I believe it’s real. I’ll look to reshort once it hits that area, and the charts match up in “overbought” territory too.