Well, I’d rather miss this move down if I’m wrong about tomorrow then have shorted today and get squeezed another 10-20 points up tomorrow. The move down is only expected to be to around the 1500 (maybe as low as 1485?) and could be choppy on the way down… which makes option plays hard to do.
The crash move down in late May is my main focus and on that move I won’t complain too much if I’m off by a couple of days and don’t catch the top exactly. This one coming tomorrow (or not?) could be a short lived move and my thoughts are that I’ll either catch the top or miss the bus.
Just don’t get caught up in the emotions of this move down as there are very high odds that the real high for this year will be in late May around 1610-1630 area, which means the high coming tomorrow will be less then that level (or the high was in today?).
Pop and drop coming tomorrow… as these gangsters never make it this easy to get short. If we don’t pop up over the all time high at the open tomorrow then it’s possible they delay it until Thursday and just sell off a few points on Wednesday to lure in some shorts, but I really think they will do it tomorrow as it’s another “eleven” day.
Just curious what do you think of the scenario where no new high and the market just plunge thus bears miss the boat to short? it does seem everywhere I look, everyone is expecting that new high for spx….since dow has already got new high after new high, just a thought
Just doing more studying of the past Dave, and been a little lucky too! If all goes as planned we’ll see a move up tomorrow morning to take out that 1576.09 prior high and stop somewhere between 1580-1590, but I don’t know where in that range? However, I’d hope that it happens early in the start of the morning session.
It has been tough for the bears in the past years..April 10 seems to be an important date since I have seen in a no. of unrelated astro blogs with that date being a possible flash crash??
Yep… just like they did in 2007 when they teased the bears relentlessly until they final pierced through the 2000 high by 3 points to hit 1555, which if they do the same here then we should expect 1580 for sure… maybe a little bit more?
Well, I’d rather miss this move down if I’m wrong about tomorrow then have shorted today and get squeezed another 10-20 points up tomorrow. The move down is only expected to be to around the 1500 (maybe as low as 1485?) and could be choppy on the way down… which makes option plays hard to do.
The crash move down in late May is my main focus and on that move I won’t complain too much if I’m off by a couple of days and don’t catch the top exactly. This one coming tomorrow (or not?) could be a short lived move and my thoughts are that I’ll either catch the top or miss the bus.
Just don’t get caught up in the emotions of this move down as there are very high odds that the real high for this year will be in late May around 1610-1630 area, which means the high coming tomorrow will be less then that level (or the high was in today?).
Pop and drop coming tomorrow… as these gangsters never make it this easy to get short. If we don’t pop up over the all time high at the open tomorrow then it’s possible they delay it until Thursday and just sell off a few points on Wednesday to lure in some shorts, but I really think they will do it tomorrow as it’s another “eleven” day.
Just curious what do you think of the scenario where no new high and the market just plunge thus bears miss the boat to short? it does seem everywhere I look, everyone is expecting that new high for spx….since dow has already got new high after new high, just a thought
Just doing more studying of the past Dave, and been a little lucky too! If all goes as planned we’ll see a move up tomorrow morning to take out that 1576.09 prior high and stop somewhere between 1580-1590, but I don’t know where in that range? However, I’d hope that it happens early in the start of the morning session.
It’s a new moon too… which are common turning points (+/- 3 days) according to http://spiraldates.com/
WOW RED ! You have been hitting it out of the Ball park for the last three weeks.
It has been tough for the bears in the past years..April 10 seems to be an important date since I have seen in a no. of unrelated astro blogs with that date being a possible flash crash??
Yep… just like they did in 2007 when they teased the bears relentlessly until they final pierced through the 2000 high by 3 points to hit 1555, which if they do the same here then we should expect 1580 for sure… maybe a little bit more?
Getting close to a new high gang, which was my original thoughts anyway. Lets see if they can hit 1580 tomorrow with a possible squeeze up to 1590? Here’s something interesting… https://www.me-topstep.com/index.php/equities/2554-big-option-plays-in-vix-spy
shorts and USD are being torched right now