Y'all know that this is going to be a history making SLAP down by the 200 MA right?? That's all I've got tonight... 50EMA is hanging out too on a different timeframe...
Sleep well, y'all... 🐻🤓
Sorry that i don't have more insight tonight... these low volume meltups just make me mad sometimes... lol
I'm expecting a blow off top this time. Not taking a position yet; Wanna see how this weekly candle looks.
SPYder_QQQueen_Trading
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@cas34310, i don't think so... no blow off top... that actually happened last year... LOL
cas34310
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@LadyAmalthea12, fair enough lol. I just expect a repeat of March I think. It'll overthrow a bunch of MAs and trend lines during distribution. I wanna see some coiling ya know?
carefulRhino97368
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Spot on
SPYder_QQQueen_Trading
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@carefulRhino97368, got SLAPPPED LOL!!!! so beautiful!!!! 🤣 glad you caught it!!! 💃🏻
CBIchiban
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@LadyAmalthea12 Thanks for posting, always really enjoy your updates and analyses! I tend to agree with you. Though how much SPX will still go up, and how long before we see a significant retracement, is really tough. Scalping has incurred losses for this inexperienced trader yesterday, am also sitting on your November 435 puts :) And sold my VIX calls at a loss yesterday. But keeping a smile. As always. Thanks again!
SPYder_QQQueen_Trading
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@CBIchiban, Did you sell puts as well or are you waiting? seriously... when was the last good vix up 20% day... this is weird... one day at a time, my friend...
CBIchiban
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@LadyAmalthea12, For the SPY Put, my cost basis was 21-22, I'd originally placed a buy order at 20, but couldn't wait and had to eat my marshmallow, haha! As for selling puts, I've nought knowledge of trading options yet (which explains how I ended up with a growth portfolio ripe with LEAPs, down 80-90%, and UPST my most expensive learning experience). Starting a trading course soon, so hopefully I'll be able to grasp better how to protect capital. The VIX days should be back soon, Dear Lady, I'd bet on Sept. BTW, your charts are beautiful, great attention to colours and balance. A true Chart Artist!