SPX P/L up 35% for the day across all positions. Great day overall! See post below for update on the experiment from earlier, including takeaways.S&P 500 Index - Standard & Poors 500 (SPX) forum
SPX P/L up 35% for the day across all positions. Great day overall! See post below for update on the experiment from earlier, including takeaways.
SPX 6600 before close wow ..
SPX500USD 6590 level has been hit.
As mentioned in my previous post, 6590 was a target level with huge buy order flows.
Despite the slow down in volume, price has been consolidating at the highs but note that it has not broken any support levels on the 5min. Instead price is on a slow grind to making new HHs.
With 1.5hours left in NY session, it is unlikely that price will reach 6600 before close. However it is possible that the bullish grind can continue throughout Asian and London sessions with a spike up at NYSE open on Friday.
SPX Patiently waiting for this to drop below $6578 to go short.SPX500USD ATHs broken but that does not mean the rally is over. Key positive gamma levels that price can run up to before signs of correction are: 6590 and 6600. Huge buy order flows can attract price to these levels. Be aware and don't be in a rush to sell.
SPX remember all the people that were calling for shorts and don't listen to them anymore
SPX not breaking up 6585, and not breaking down 6580. Any idea where it's going to land ?
SPX fib breakout #2 has been reached
SPX Ok let's see if she wants to come back down now. 6580 puts entered.. avg. 5.40
SPX What's an FVG?