Spy should open up neutral if it opens positive over 263 we should be going for a long run and a squeeze. we have had almost 8 consecutive red days and a massive red weekly. will they hold rates ? i dont know.
Our ABCD tool has provided some very tight potential PRZs for SPY in the days/weeks ahead.
By focusing on 2 key ABCDs currently in play, we have some insights as to where price may
turn should they be reached. I have added BC extensions (larger ABCD) for confluence.
NOTE: Please notice that the AC measure on the larger ABCD is .618. This could come into
play for ...
AMEX:SPY is a STRONG SELL.
AMEX:SPY has completed a 5 Wave Cycle and is in the midst of an irregular correction. Irregular Corrections have a phenomenon which Elliot called, "Double Retrace".
Irregular Correction most often manifest after a 5 Wave Cycle with an Extended 5th Wave.
This is an update to my original idea on July 27th, 2018: SPY-SELL-BUY ...
Hi friends! Welcome to this update analysis on the US indicies, via the S&P 500 (SPY) ETF! Let's get right to it.
I've been watching this daily chart develop over time, and I've noticed a topping pattern that was also present in 2008, at the beginning of the Great Recession. On the left side of the chart, you can see that there is a pink rising channel. The S&P ...
History repeats. In February, we had a low volume wide up green candle (Anomaly). The second day followed by a high volume small bar gap down red candle. This is a topping pattern.
Now we are in the same position. This past Friday closed as the exact same pattern, while in this wedge RSI is not rising corresponding to price. I will watch for a sharp breakdown of ...
I sold the (50) Jan 269 puts for $11.01 (bought at $6.76 on 12/12). Price hit wave 3 target as shown. This is also where wave A=C. I now have calls. I bought (50) Jan 260 calls for $6.65. I am playing the 4th wave up. Either blue trail or red trail. looking for a quick call option bounce. Then continue with wave 5 down to buy zone. Surprisingly, the buy zone is ...
Spy is in a small 4th wave up. 3 different targets in the sell zone. Look for 5 small waves on the 5 min chart. (sorry can't show here on TV) at the sell zone, get ready for another 5 waves down to complete this bigger sell off. So I'm very very short term bullish. The bigger play is down to the 260 zone
... for a 1.06/contract credit.
Max Profit: $106/contract
Max Loss: $194/contract
Break Evens: 245.94/273.06
Notes: Replacing an iron condor I closed earlier to keep my risk constant throughout the cycle and given this high volatility environment. It also has the effect of adding a smidge of short delta to my core position, which has ...
... for a .90/contract credit (.30/$30 profit/contract).
You know the drill -- mixing and matching profitable call side with profitable put side from iron condors put on over time. Will replace this setup with another iron condor in the same expiry; keeping my risk/buying power effect constant throughout the cycle given the fact that background implied ...
So I Saw Yet Another $1000 Dollar System For Sale.
This Marketer Actually Had A Decent System…But Left A Lot Of Key…And I Mean Important Information Out. Likely To Get People To Pay For His Weekly Picks.
***I’m Tired Of These Marketers Hyping Up A System…Charging A Premium…And Taking Money From People Who After Taking The Course Don’t Even Realize How Much ...
5 bands show 5 signals.
Bandd5 at top is slowest reacting. Band1 is quickest.
Current status is: 2 green bands 3 red bands.
So the long term indications are still holding bullish, but the short to mid term time frame is bearish.
Anything can happen but if the bearishness continues, the longer term indicators will turn bearish, or if price starts turning ...
This pattern was shown to me by Liz Ann Sonders in her publications at Charles Schwab, which are available to all of us via Schwab.com and her posts on Twitter.
What you see here is when longer term (3-month) VIX ($VIX3M) drops to a fraction of front-month (1-month) $VIX, it can signal an extreme shift in demand for short term options, which has shown us time ...