There's a month's worth of Supply between $SPX 1178 – 1210, so probability is below 7% that $SPX trades 1210 till the end of May.
The $SPX is going to backtest weekly containment @ a minimum before it puts in it's terminal high
Today's action opens the door for much lower prices (900's 800's), which means instead of the terminal high occurring in early july, things could get pushed back all the way to December. We'll see what the rest of May brings.
The good news for traders in general is volatility should stay elevated!!!!
The dollar has now regained almost 90% of it's gap down loss from this morning. The market hasn't went down 90% from it's gap up this morning. These two trade opposite of it other.
They won't stay out of sync too long. Either the dollar must go back down to this mornings' gap down low, or the market must sell off. Which one do you think is more likely?
No spxu, as I do options. Those 3x etf's don't have enough liquidity in their options, for me to get a good entry and exit price. If you buy them outright, and not use options, you should be fine getting in and out.
In my opinion, today will be you're last chance to get a good short entry. I don't see tomorrow rallying anymore. In fact, I believe tomorrow will be the start of the next leg down.
I am second guessing myself now. i had some great entries on ultras over last couple weeks moving to 20% of intended positions and looking for averages to cross and line up. Looks like a longer wait. But I am adding to those positions today possibly move up to 25%.
900? If we get that wide swing, it would be truly awesome. I may be able to get that lambo afterall. lol I am rubbing my hands already.
What are you thinking of going short Red on the SPY …
There's a month's worth of Supply between $SPX 1178 – 1210, so probability is below 7% that $SPX trades 1210 till the end of May.
The $SPX is going to backtest weekly containment @ a minimum before it puts in it's terminal high
Today's action opens the door for much lower prices (900's 800's), which means instead of the terminal high occurring in early july, things could get pushed back all the way to December. We'll see what the rest of May brings.
The good news for traders in general is volatility should stay elevated!!!!
The dollar has now regained almost 90% of it's gap down loss from this morning. The market hasn't went down 90% from it's gap up this morning. These two trade opposite of it other.
They won't stay out of sync too long. Either the dollar must go back down to this mornings' gap down low, or the market must sell off. Which one do you think is more likely?
B/c everyone sees that QE Global has started. QE USA produced the March 09 rally. Wanna short the Mar 09 rally one more time? LOL
I concur.
I am astounded that anyone would move long after last weeks signals.
No spxu, as I do options. Those 3x etf's don't have enough liquidity in their options, for me to get a good entry and exit price. If you buy them outright, and not use options, you should be fine getting in and out.
In my opinion, today will be you're last chance to get a good short entry. I don't see tomorrow rallying anymore. In fact, I believe tomorrow will be the start of the next leg down.
I am second guessing myself now. i had some great entries on ultras over last couple weeks moving to 20% of intended positions and looking for averages to cross and line up. Looks like a longer wait. But I am adding to those positions today possibly move up to 25%.
Are you using spxu to short spy?
Would a break to >spx1175 change your outlook?
Alpha any tgt for i of v … i guess it should be higher than 116.65 – but is there a way to calculate exactly where …