Well I definitely don't believe we will get back up and over 1150 spx tomorrow. I could see 1140 area, but not 1150… but just in case you didn't know it, Anna is a swing trader (which sometimes turns into day trading), and you are on a longer time frame.
That's probably the differences in opinions, as she switches back a forth a lot to trade both sides. I think the overhead pressure on the daily and weekly chart will keep any rallies from the 60 minute chart contained to only a few points.
I don't see it up big, but a sideways day was more what I was thinking would happen. But, I've been wrong many times before, so why should this time be different…
The 60 minute chart is now turning back up, so I do agree with Anna that tomorrow is likely an UP day. But, I still see more downside in the coming days.
Hi all,
I agree with Anna! About 400K OI in SPY May 115 puts. Bought SPY May 114/115 call spread as an OPEX pin play.
GLTA
Well I definitely don't believe we will get back up and over 1150 spx tomorrow. I could see 1140 area, but not 1150… but just in case you didn't know it, Anna is a swing trader (which sometimes turns into day trading), and you are on a longer time frame.
That's probably the differences in opinions, as she switches back a forth a lot to trade both sides. I think the overhead pressure on the daily and weekly chart will keep any rallies from the 60 minute chart contained to only a few points.
I don't see it up big, but a sideways day was more what I was thinking would happen. But, I've been wrong many times before, so why should this time be different…
watch out for short squeeze into the close!
@ Sundancer is not or is?? TIA
The dynamics of the market is not going to give u an up day tomorrow, then more downside
teal containment on the 60 min is in the 1150's should that break you'll see 1208, so $SPX either continues down or 80 pts. to the upside.
Knowing you – you are probably right.
thanks Monica 🙂 just think the selling is done for the short term (next few days :))
Gotta stick with my conviction even if it makes me stubborn.
Good luck! I guess you know what you are doing so that means Red and I are in trouble 🙂
The 60 minute chart is now turning back up, so I do agree with Anna that tomorrow is likely an UP day. But, I still see more downside in the coming days.
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