SPX Broke the Fork; climb a tine and bite down again!
تم تحديثه
Fib retrace for the 2-day selloff: 3498 - 3538. 0.786 fIbo corresponds to the pitchfork TL, expect rejection from 3538.
If its an ABC will end around 3300; if it's a bigger move we gonna see it selloff to close the gap left open at 2865 on 15 May.
This isn't investing advice, consult a licensed bandersnatch before pissing your life savings away gambling in this market!
If its an ABC will end around 3300; if it's a bigger move we gonna see it selloff to close the gap left open at 2865 on 15 May.
This isn't investing advice, consult a licensed bandersnatch before pissing your life savings away gambling in this market!
ملاحظة
Nice opening gap after Labor day consistent with "Sell at market on open" orders; once these fill, expect a strong bounce as we saw in June IMOتم فتح الصفقة
Bought calls on all majors, fade the gap!تم إغلاق الصفقة يدويًا
Made bank off the weak rally; maybe more in it, maybe not; closed and sit on cash atm, trade safe!ملاحظة
More Bearish than I expected and the move to close the gap seems to have failed, but all gaps must close; we do have a higher low atm suggests long entry soon...ملاحظة
RSI at 36 approaching oversold but some wiggle room left, might be one more deep dig left in it IMO; a bull spread might work at this price...تم فتح الصفقة
Intraday forming a bull wedge, gonna take another long here; GLTAتم إغلاق الصفقة يدويًا
Yeah it's not fading the gap like it should; might be more down left in it IMO; R/R terribad here. Sit; wait.ملاحظة
Bought vertical call spreads EOD and flipped in AM. Was a gamble but it paid off. Fade the gap made a few more bucks but I'm not confident this gap will close right away. Expect B wave to start here and close this gap on C back down IMO.ملاحظة
At 3400 SPX tests downchannel upper TL; will it sell again, or breakthrough? Crapshoot here IMOتم فتح الصفقة
Entering 10 each bear spreads on DIA SPY QQQ long 30 Sep ITM puts, short Friday's weeklies. Ferocious reaction rally likely provoke some bearish response Thursday IMO. Last correction move in June got a 0.50 Fibo over 5 sessions. Trades at R on SPX, DJI.أغلقت الصفقة: تم الوصول لوقف الخسارة
Stop-lossed for small drawdown, seems as if insane bullishness returns, no positions. If it gaps up again Thursday, fade the gap then go long IMO
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