Looks like things are breaking down at 1170, thank goodness. Once the selling starts, I think it will go fast.
What kind of nut buys into a thousand point rally without a correction anyway?
I went short at 116, but it's amazing how decimated my account is already.
Thursdays have been consistent with drops lately 🙂
Hmmm? Maybe the reason my Black Monday's have failed, is that I have them on the wrong day? Black Thursday anyone?
You got a link?
that would ball in line with sell of Thursdays which have been more frequent.
Look at the 6 month SPY chart with the 10/50 day MA. Looks like an amazing short entry.
I have some SPY 112 and 110 puts.
This is clearly a wave 2 back up… (and I don't know anything about EW), but this should be the last day of it. Maybe a doji tomorrow, and then the sell off we are waiting for. (aka Wave 3)
my guess is that we close at 1166.66
I agree with you but i think that second leg down appears to want to come from an s&P level at or around 1250.
I thought the Monday rise was an anomaly to be followed by a stronger down today but iam obviously wrong.
What is the choice. adding shorts now seems riskier especially if we close above yesterdays high which is looking probable.
i know you are not in ultras. What are you playing presently?
Looks like things are breaking down at 1170, thank goodness. Once the selling starts, I think it will go fast.
What kind of nut buys into a thousand point rally without a correction anyway?
I went short at 116, but it's amazing how decimated my account is already.
Thursdays have been consistent with drops lately 🙂
Hmmm? Maybe the reason my Black Monday's have failed, is that I have them on the wrong day? Black Thursday anyone?
You got a link?
that would ball in line with sell of Thursdays which have been more frequent.
Look at the 6 month SPY chart with the 10/50 day MA. Looks like an amazing short entry.
I have some SPY 112 and 110 puts.
This is clearly a wave 2 back up… (and I don't know anything about EW), but this should be the last day of it. Maybe a doji tomorrow, and then the sell off we are waiting for. (aka Wave 3)
my guess is that we close at 1166.66
I agree with you but i think that second leg down appears to want to come from an s&P level at or around 1250.
I thought the Monday rise was an anomaly to be followed by a stronger down today but iam obviously wrong.
What is the choice. adding shorts now seems riskier especially if we close above yesterdays high which is looking probable.
i know you are not in ultras. What are you playing presently?