Ok... took a few minutes to look and see whats going on. Keep an eye on SPX500USD, futures. Keep an eye on the 4026-4033 area. I will be looking for a breakdown around there. Assuming we breakdown, I would very much be looking for the 370s to be on their way in the days ahead... next week, maybe even going into the following week. If there is no breakdown there, you may want to cautiously go long with a tight stop or just hang on the side and wait for more clarity. And that's it. It's just that simple. Set alerts below, above, Tradingview has amazing alerts that you can put for crossing, above the price, crossing below the price. Lots of different alerts. Use them. That's going to be the tell tale area to watch though. Look for a breakdown or no breakdown. I am heavily leaning towards the breakdown happening but you never know, I could be wrong. Just wanted to put this out there seeing some jumped in short already and well, some insist on being overly bullish.
Looking for 370 in days sheesh, this is comedy lmao
tendency
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As I mentioned last week it looks to me, at this point, they're going to rip this up close to 4100.
tendency
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this might have legs and can extend to 4160-80 IMO
NickelOak
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@tendency, This is a chart for SPY. Are you talking about SPX?
tendency
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@NickelOak, Yep that's SPX. entering my target zone though this could keep extending into early next week. Think we're pretty close to a top though.
creativeguava
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Lol
GregStocks
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Some week... Where my hedges did better than my plays. Still waiting for the drop. I expect it's coming but maybe not until 415 or 420. Market right now wants to run. Bear market rallies are sharp
tendency
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@GregStocks, yep i agree. reminding me of late march however we 'shouldnt' rally nearly as much IMO. think we're getting pretty close. ill be looking to fire my last tranche of puts early next week.
One-World
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@tendency, it starts shaking today but calls made some money, mmm, maybe a few more days to countdown imo.