I currently have a short running in the background, I was waiting for confirmation today to either compound the position or get long. I got confirmation to get long with bullish market structure on the LTF. This idea is also based on the idea that the Monthly Open level may hold as support.
2920 remains our zero gamma target and with market volume basically nonexistent the market will most likely hold this level until some type of clear catalyst be it Fed minutes today or Powell speaking Friday. Once we get going in a direction we should trend for a few days.
This is a mid-term short play that i spotted on S&P 500 that will most likely play out within a month. This is definitely not a scalp or swing trade. Key levels marked out on chart: 1) 2018 High 2) Quarterly Opens 3) Monthly Open 4) Grey box - Weekly block that provided support previously Bearish Bias: - Monthly Bearish Divergence : Price keep printing Higher...
balancing out portfolio with a neutral position iron condor on EFA with June 28 exp took in credit of .26
opened 115/116 bear call spread july exp for .32 credit
open 115/116 bear call spread for .32 credit
need to add more bearish positions because I closed a few this morning opened 86/88 bear call spread for .53 credit 86 is previous R and RSI can't seem to break above 50
Strong support in play, looking for rebound as it touches support, ahead of US open
REASONS TO BUY: 4h box broke above Above 50-78EMAs WHAT COULD GO WRONG: Strong resistance zone (confluence) News
Based on my calculations I derive a negative open on the J200 -249 points. The UK market finished weaker yesterday. US markets ended mostly lower yesterday. Tencent trading down -2% currently. S&P and FTSE futures pointing lower. Traders should look to profit from arbitrage opportunities between the ALSI open and the J200 open based on our caculations.
I've noticed a clear trend leading up to 6:30am pacific time USA stock market open time, I think people are hedging currencies in order to trade in different markets. You can ride it down then up more days than not check profile for more examples
I've noticed a clear trend leading up to 6:30am pacific time USA stock market open time, I think people are hedging currencies in order to trade in different markets. You can ride it down then up more days than not check profile for more examples
I've noticed a clear trend leading up to 6:30am pacific time USA stock market open time, I think people are hedging currencies in order to trade in different markets. You can ride it down then up more days than not check profile for more examples
I've noticed a clear trend leading up to 6:30am pacific time USA stock market open time, I think people are hedging currencies in order to trade in different markets. You can ride it down then up more days than not check profile for more examples
Great to follow the trends in the opening trades... I think this is a good strat, just feel which way the market is going up or down and ride it 2% stop loss.
Upward channel forming. Will be updating this trade live.