FloridaMan

FloridaMan Pro

Lets try this again, 'Sell in May and walk Away' - i have a top around 4270-4300 occuring in the first two weeks of May, lets see how it turns out. Got the last one wrong, stopped out and played short for the last few weeks, back to bullish bias.

FloridaMan Pro

Moderators won't let me say much, path drawn should be self-explanatory. Just an idea. Send me a message if you have any questions.

FloridaMan Pro

Well, SPX levels didn't hit very well. Levels for a bounce that I had marked were 3965, 3928, or 3895 (SPX), all of them got sliced after showing a reaction. I checked ES to see if there was any 'hedging' activity, and sure enough, the ES chart is showing a lot of confirmation. I still see a summer high of 4320-4360, with a preference towards the higher end of...

FloridaMan Pro

My prior view was a 'low probability' scenario of an extended, consistent sell into midterms (doomsday scenario). Viewing other macro charts (DXY, 10Y, NQ, CL, NG), and data sources (primarily inflation and shipping data), I believe that we will get an extended summer rally to a minimum of 4360. If the bottom was not set today, I'm eyeing 3966 (primary entry),...

FloridaMan Pro

I'm not positioned for this move but I'm going through scenarios for the rest of the year (or at least until midterms), its been a while since I posted but my high target of 4776 was achieved, the overshoot was needed to 4803, I do not have the top tick marked precisely which bothers me but I'm going with it for now. Be careful out there, you might look back in...

FloridaMan Pro

We are at a very critical confluence of levels on BTC, we've already rejected a few times off resis after the false break above (and clearing stops above prior ATH), current HOD is facing an additional resis (three overlapping without including horizontal fibs). I am partially playing this on Powell, who likely came out too dovish last week (even though I...

FloridaMan Pro

I posted a very basic chart from a few weeks ago showing 4778 as the upper target, that was based on a different view but the timing is firming up. Although I mentioned it would be a quick move in my previous post, this exceeded my expectation on timing (timing is everything in this game if you're trying to get those 5x options returns). So I searched for a reason...

FloridaMan Pro

I've been watching this develop and just thought I'd share, this is my first chart that I've published, its not intended to be trade advice, and this move to 4778 (year end target) would really defy all of the fundamental info coming out, but the supporting fundamental reason for this move is a Dovish FOMC meeting where Powell either pushes the rate hike out due...