BATS:SPY   SPDR S&P 500 ETF
967 21 26
No one, or I should say most traders don't believe this rally. I too am one of those skeptics. AB-CD             pattern I have drawn has little room for error here. If we surpass and close above 169.05, this pattern is no longer valid. I have been waiting to short this quick market turn. Today or Monday may present an area I feel comfortable buying puts for July. I like the July 26th 160 Put OTM options. If you follow my lines of symmetry from previous market drop, we should bounce near 162/163. This is the area I plan on taking profits and awaiting next area to buy puts for the larger follow through drop to 157-159
Proxy
3 years ago
snapshot


Per JR request, this is what I have mind for my outlook on SPY/S&P, and I applied and built my ideas onto JR's chart here. Basically, I just ignored the $169.XX high and used to $167.XX as a reference point resulting a smaller movement-swings in fib and etc. The $167.XX just seem more natural for the market to achieve, so this change allow other pricing targets to be more realistic to me.

In any cases, I am agreeing with JR's chart here! We seem share similar strategies and outlooks from time to time, so we tend to bounce ideas like this at the live chat. Join us!
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VIX is Flipped

Here is a look at the inverse VIX compared to the SPY.

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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
VIX Flipped and Market Evolving Support/Resistance areas


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KevinT QuantitativeExhaustion
3 years ago
Judging by the 'pull back then up' ratio, this can mena a hudge upmove is comming!
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sublimares2
3 years ago
Nice chart.
A slightly different approach and bearing in mind the target 2 of 1.27XA.
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sublimares2 sublimares2
3 years ago
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KevinT
3 years ago
Same as Sublimares, I take into account the previous spike top may be reached before pulling down.
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BuboWaveTrader
3 years ago
sorry for asking but are you still holding your short position ?
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QuantitativeExhaustion PRO BuboWaveTrader
3 years ago
stalking
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BuboWaveTrader
3 years ago
i have a eye on you ;)
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QuantitativeExhaustion PRO BuboWaveTrader
3 years ago
Been waiting on the right set up for awhile. Option trader, so I benefit with rising volatility and falling prices when buying puts.
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BuboWaveTrader
3 years ago
ok wish u good luuck ! I personally believe that most people will be bullish before we can discern the top,,, but what the hell they are just my beliefs and who are acting on emotion ?
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QuantitativeExhaustion PRO BuboWaveTrader
3 years ago
You don't think most people are bullish? Bulls are cheerleading .20 pops like it's a monster move.
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BuboWaveTrader
3 years ago
Yes ! But it depends on how you measure those data, I disqualification am using statistics from Googe
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QuantitativeExhaustion PRO BuboWaveTrader
3 years ago
Close enough to FibQueens QQQ target high

http://www.fibonacciqueen.com/public/QQQ-updated.cfm
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BuboWaveTrader
3 years ago
reed this in crome http://www.idg.se/2.1085/1.316141/sa-ska-google-se-in-i-framtiden
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looks like bonds are headed back up..can't be short now
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Proxy
3 years ago
Still messing with some ideas...
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I see it and believe it
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BuboWaveTrader
3 years ago
Ooh same look. why I think we
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