I think nothing much is going to happen this week. It’s opx tomorrow, and I’m sure they already planned out where they are going to pin the spy at. It’s looking like that 113 level as a likely target.
Regardless if the move it up or down a little tomorrow, I see next week selling off hard. I still expect to see that 105.39 FP sometime soon… like before the end of next week.
Yeah, when they re-adjust those etf’s funny things can happen. Sometimes the etf will move up or down a certain percentage, but the 2x and 3x bull and bearish etf’s don’t move at all? It’s strange how they figure it out, but most traders treat the ex div adjustments as non-important.
Since the 60 minute chart is in oversold territory today, I expect it to push up positive into the close and tomorrow… which means we’re not likely to see any selling stick today.
50%bulls AAII survey!!!!! That is a major sell signal. Market probably tanks big tomorrow with big gap down to frustrate the bears. Ticker sense had 60%+ bulls earlier in the week. If crude oil closes tomorrow where it currently is it will be a bearish flip (close below close 4 periods earlier)…..September 20 has the Bosh,Wade,Lebron thing going for it…..Transports again with the best topping formation rising wedge with a box like formation the last two days. I suppose they could pin the market into opex but savvy market pros know what that AAII survey means and I don’t think Mr. Market is going to let the lollygaggers in so easily.
I think nothing much is going to happen this week. It’s opx tomorrow, and I’m sure they already planned out where they are going to pin the spy at. It’s looking like that 113 level as a likely target.
Regardless if the move it up or down a little tomorrow, I see next week selling off hard. I still expect to see that 105.39 FP sometime soon… like before the end of next week.
Broadening pattern of S&P 500
Yeah, when they re-adjust those etf’s funny things can happen. Sometimes the etf will move up or down a certain percentage, but the 2x and 3x bull and bearish etf’s don’t move at all? It’s strange how they figure it out, but most traders treat the ex div adjustments as non-important.
Spy goes down 52 cents. You think it would help SDS or puts but it doesn’t I suppose….. it is not that easy…. thanks anyway.
No, I sure don’t? It should mean some movement on the spy though… but which way I can’t answer?
Red- Do you have any thoughts on the effect of the 52 cent ex div price that Spy will have on SDS or Oct/Nov spy puts tomorrow?
Since the 60 minute chart is in oversold territory today, I expect it to push up positive into the close and tomorrow… which means we’re not likely to see any selling stick today.
How convenient that the France/Roma controversy pops up just in time to deflect any EU scrutiny of EU finances. Heh!
S&P 500 Futures before opening bell
50%bulls AAII survey!!!!! That is a major sell signal. Market probably tanks big tomorrow with big gap down to frustrate the bears. Ticker sense had 60%+ bulls earlier in the week. If crude oil closes tomorrow where it currently is it will be a bearish flip (close below close 4 periods earlier)…..September 20 has the Bosh,Wade,Lebron thing going for it…..Transports again with the best topping formation rising wedge with a box like formation the last two days. I suppose they could pin the market into opex but savvy market pros know what that AAII survey means and I don’t think Mr. Market is going to let the lollygaggers in so easily.