jarbo456 wrote:highly speculative...bought GLD calls here with a stop below today's low.
if you remember my chart from last week - GLD is sitting on this major support line. technically it's been broken by like 16 cents, but that's not really significant enough.
Third try at major support line on daily with a bearish pattern, bulls ain't looking pretty
I agree.
I'm using it as a partial hedge on my equity longs.
I'm also playing support, bullish divergence, and close enough to the P&F objective.
Understood, anything can happen, today determines the close of that GLD weekly candle. Right now, it looks like a continuation bear candle but we got a few hours left, could even make a bullish hammer if major bulls step in
uempel wrote:This system shows a reversal/accelateration as from April 22nd. I've tested the ellipse for several hours and I consider it to be precise The idea is to play the short side as from a level which is a bit higher than 1600 end of next week.
This really looks like a good opportunity - unless I'm completely wrong
4567.png
Great chart. Any way you can post it next Friday to remind us? Pretty please?
uempel wrote:This system shows a reversal/accelateration as from April 22nd. I've tested the ellipse for several hours and I consider it to be precise The idea is to play the short side as from a level which is a bit higher than 1600 end of next week.
This really looks like a good opportunity - unless I'm completely wrong
4567.png
Thanks so much for your work and time sharing. Im thinking we have at least a st swing short from yesterdays highs targeting 1563 Might we do that with a hard rally into the 23rd? But a 4-22 top seems perfect in timing models
so far bears are not determined. wait. I'm neutral for now.
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jarbo456 wrote:highly speculative...bought GLD calls here with a stop below today's low.
if you remember my chart from last week - GLD is sitting on this major support line. technically it's been broken by like 16 cents, but that's not really significant enough.
Third try at major support line on daily with a bearish pattern, bulls ain't looking pretty
I agree.
I'm using it as a partial hedge on my equity longs.
I'm also playing support, bullish divergence, and close enough to the P&F objective.
Understood, anything can happen, today determines the close of that GLD weekly candle. Right now, it looks like a continuation bear candle but we got a few hours left, could even make a bullish hammer if major bulls step in
Unique wrote:SPY first time hourly 20EMA, looks like a huge scalp buying opp for the bulls. Do not short this, we're at 200sma 5min too. Let's see
Do not short this? trade below 1580 that's all I am asking for
First try 20ema 60min bounced, that was a easy scalp...Now let's see second try if so for bears (but i think gap fill?)
Bears powered through, nice nice. At least we might get some two way action finally (SPY now directly on 20ema 60min, and ES on lower end of bull flag trendline)
jarbo456 wrote:highly speculative...bought GLD calls here with a stop below today's low.
if you remember my chart from last week - GLD is sitting on this major support line. technically it's been broken by like 16 cents, but that's not really significant enough.
Third try at major support line on daily with a bearish pattern, bulls ain't looking pretty
I agree.
I'm using it as a partial hedge on my equity longs.
I'm also playing support, bullish divergence, and close enough to the P&F objective.
Understood, anything can happen, today determines the close of that GLD weekly candle. Right now, it looks like a continuation bear candle but we got a few hours left, could even make a bullish hammer if major bulls step in
that was fast. lol
200sma weekly at 139.57 and 143.97 horizontal support
volume surge, biggest bar, so might see rebound here first then we'll see.
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Out of Bounds wrote:Scalp is scalp but these trades are executing and exiting within 30 seconds of each other. Have to slow down so I don't mess up an order.
rebound indeed, normally, this bear should have one more leg at least.
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