daytradingES wrote:Fehro
how do you trade the SPX directly?
are you in England?
Trading SPY, SPY puts/calls, /ES and other products.. depending on the support/resistance level.. 20d/50d/200d/20w/50w SMA .. etc.. using SPX as guideline easier to post one chart than 4 ….
Still iffy here.. we "may" stall VIXes sideways… bonds TLT nHODs
Inverted hs activeted 2800...
We have enter into a new era trading where an auto system has the objectiv of maintain the market into up direction established so....
...titanic story it cant go down...
Last edited by Wallstreetrader on Tue Apr 17, 2018 11:26 am, edited 2 times in total.
Jim Cramer is the ultimate symbol of the Wall Street money machine. He is the distilled essence of how they take your money by constantly advertising on a fact free basis.
SPY gap almost filled.. IWM gap filled.. QQQ not even in gap… SPX has more gap room above.. SPX struggling a touch.. /CL oil has been helping indexes of late.. but /CL 60m H&S
it breaks hard.. may cool indexes move
Working on a double top as the London/Frankfurt exchanges close. They were half of the bull move overnight and contributed to the additional 8 points tacked on to the overnight high since the New York open.
daytradingES wrote:Fehro
how do you trade the SPX directly?
are you in England?
Trading SPY, SPY puts/calls, /ES and other products.. depending on the support/resistance level.. 20d/50d/200d/20w/50w SMA .. etc.. using SPX as guideline easier to post one chart than 4 ….
Still iffy here.. we "may" stall VIXes sideways… bonds TLT nHODs
I see, thanks.
Educational only and not trading advice (EO&NTA) Good trading to all
Trades with cats wrote:Well a whole lot of people on twitter with their own web sites have been calling for it for days. So as a retail investor I have been conditioned to expect that price. Or as Jim Cramer says, buy, buy, buy. After the two legged strong overnight advance the New York session offering another nothing burger should be a source of confusion for the bulls.
On a none sarcastic note if we are in a topping process then these counter trend waves are supposed to pull the last of the bull money out of the mattress as a lack of buyers is the definition of the top. And now Goldman has added more weight to exhaustion with their announcement of no more stock buybacks in Quarter 2. We will see who follows their lead.
Sorry, buddy, but you need a better indicator set. I can show you several metrics that are BELOW March 2009. That's right. Measurements that show less risk and more under-valuation now than at that time. I don't think the market is poised to rocket higher as it did then, but it's going up...a lot. The fact is there is not a hint of euphoria *in the metrics that matter*. Furthermore, inflation expectations are so low that the Fed won't get aggressive yet, which pushes assets prices higher in general. It could literally be years until the "top" happens and it will probably be 30% or more higher at minimum.
fehro wrote:nibble short here.. .. SPY may fill gap 270.46 ish still .. crazy man's target today … 267.31 SPY gap fill or maybe tomorrow.. after VIX expires..
SPX weekly resistance here. 20w 2709.20.. a point short from HOD
cletus,
You very well could be right. The wave counters I follow who have done a good job of calling the turns well in advance are saying things are murky about direction and while down has a slight edge longer term, the current direction is up. And that longer term edge could could quickly shift back. But the Fed is doing stage magic right now, they are distracting the audience with interest rate talk while they continue to drain liquidity.
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Normally it seems to take up to an hour after the European close before the market finds a direction. Although I really wish someone would stop the car and just ask for directions.
Trades with cats wrote:Well a whole lot of people on twitter with their own web sites have been calling for it for days. So as a retail investor I have been conditioned to expect that price. Or as Jim Cramer says, buy, buy, buy. After the two legged strong overnight advance the New York session offering another nothing burger should be a source of confusion for the bulls.
On a none sarcastic note if we are in a topping process then these counter trend waves are supposed to pull the last of the bull money out of the mattress as a lack of buyers is the definition of the top. And now Goldman has added more weight to exhaustion with their announcement of no more stock buybacks in Quarter 2. We will see who follows their lead.
Sorry, buddy, but you need a better indicator set. I can show you several metrics that are BELOW March 2009. That's right. Measurements that show less risk and more under-valuation now than at that time. I don't think the market is poised to rocket higher as it did then, but it's going up...a lot. The fact is there is not a hint of euphoria *in the metrics that matter*. Furthermore, inflation expectations are so low that the Fed won't get aggressive yet, which pushes assets prices higher in general. It could literally be years until the "top" happens and it will probably be 30% or more higher at minimum.
Cletus, if you look at the SPX weekly chart posted by Fehro, you will see that price is making lower highs and lower lows. It means bears are still in control, so every move up is just a bounce until proven otherwise. You can start making a case for the bulls if you see a weekly close above 2800. But even then, it doesn't mean bulls are is control. All it will mean is that bears are no longer in control. So both will have to fight for control.