SPY looks like it needs a little stop Strategy : Opening up position : 1/3 of full wanted position size puts Determine the RR that you want and choose your SL
Here is an updated bearish thread Elliot Wave Forecast. Could be completely wrong, and will have to think about a bullish thread as well. GLHF
Just working on the forecast model. Practice makes perfect. This is my bullish Elliot Wave Forecast. I think bullish (for VIX) - just look at M1 for a start, but there is more investigation to be done... However: “The test of a first-rate intelligence is the ability to hold two opposed ideas in the mind at the same time, and still retain the ability to...
SPY, case patterns that can develop in the next couple of weeks . Bearish: Head and Shoulders pattern, resistance is around 3900. Bearish 2: Megaphone Pattern, causing a selloff to support area 3626. Bullish: Confluence Point at 381, confirmation for a b/o to +4000.
President Biden’s $1.9 trillion coronavirus aid bill was passed by the Senate on Saturday and sent back to the House for approval which will take place on Tuesday. Investors will be closely watching the progress of this aid bill through Congress this week against a backdrop of concern over what such a large stimulus package could do to inflation and interest...
Looking at the regression line from 2009 and including the election and covid variations, the market is off the beaten path.. Plenty of room for more drops on this correction..
SPY has been in need of a serious 10% correction for a very long time. Going through charts the past couple of weeks almost all stocks have wiped their 2021 gains, but indexes like SPY have yet to break the Jan low during hedge fund liquidity crises from GME and AMC. Target for this correction is 360-355, indicated by the smiley face! Green trend line is from the...
Please don't buy until Pivot and DBL Bottom at higher lows
The investment seeks return linked to a three times inverse leveraged participation in the daily performance of the NYSE Fang+⢠Index, total return (the âindexâ). The notes are intended to be daily trading tools for sophisticated investors to manage daily trading risks as part of an overall diversified portfolio. The index is an equal-dollar weighted index...
Possible inverted cup and handle formation.
The VIX (Fear Gauge) is picking up momentum to the upside and that is never good for the S & P 500. Intraday charts are almost done consolidating and have even begun breaking down. Seriously, we lose $380, then $374 is next, we lose $374 then its a free fall and fast down to $360. Trade Safe!
The Gamma Bubble is about to burst. - High implied volatility on VIX... Barely moved during the market selloff on Friday. I think when indicators that usually inverse each other stop correlating with each other, investors are just completely exiting the markets. - Over $100 Bn in bonds liquidated... Liquidity in the bond market was the only reason that I was able...
Market went up during a pandemic. It might go down in a positive environment.
Chances are good that the charts for AMEX:SPY and TVC:SPX will continue to print repeated patterns. They have been doing so for an entire year, so I don't expect them to suddenly change trajectory. I honestly expect the market to crash within a week--if not tomorrow--judging by this fractal. And although it is not shown in this post, there is also major...
In Elliott Wave Theory there are only two kinds of moves: Impulses , and Corrections . We can all agree that since November, this grind up is not an impulse, which means... that this is a correction. Wave B's are nicknamed "The Suckers Rally" and boy are there a lot of suckers, including myself lol. VPVR points to a retest of last years high (big money buy...