still early but I am beginning to dought if we get there today…haven't hit S2 yet but anything can happen quickly…I like your idea to set the triggers…
Hi – I re-posted Sundancer's containment lines below. Looks to me like next level of support is around 1076 or so. I put in a trigger at 1079 just in case. Perhaps tomorrow we get to the 1020s (that's the next level) but I don't want to take that risk with my May puts. I bought some more May puts this morning as well that I will cover at 1079. Keeping all the June ones.
still early but I am beginning to dought if we get there today…haven't hit S2 yet but anything can happen quickly…I like your idea to set the triggers…
THANK YOU! I will leave my order in at 1079, so I catch it on the way down, rather than up.
SPX
PP 1128.837
S1 1109.013
S2 1097.377
S3 1077.553
thanks big bad., Do you know where 108.03 corresponds on the SPX? I have a order to buy some puts in at 1079. Sounds about right.
And based on consecutive hourly closes, it should be 1:30EST when we crash.
PP 113.22
S1 111.22
S2 110.03
S3 108.03
But at this rate, it looks like it could get to 993 in short order!
Hi – I re-posted Sundancer's containment lines below. Looks to me like next level of support is around 1076 or so. I put in a trigger at 1079 just in case. Perhaps tomorrow we get to the 1020s (that's the next level) but I don't want to take that risk with my May puts. I bought some more May puts this morning as well that I will cover at 1079. Keeping all the June ones.
What level is it that if we break it, there is a 50 point gap window to next support?
wow the market is cratering and we didn't even have 2 consecutive 120 closes below containment.