The Intraday US Stock Market Discussion Board
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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 ….daytradingES wrote:Fehro
how do you trade the SPX directly?
are you in England?
next resistance.. trying to fill gap SPY at channel resistance.. may stall here tempted to nibble again if it sticks..fehro wrote:nada.. too early.. trying to move over resistancefehro wrote:nibble short SPX 2699.25
bears at fib retrace level, must move on it, or this a sneaky bullfehro wrote:fehro wrote:mind the gap fade.. resistance of sorts at here
out of the gaps from 2600-2710ish 110 points on the SPX .. mostly is open… about 85 points open air
… be careful.. we fall .. could be breathtaking
… 267.31 SPY gap fill or maybe tomorrow.. after VIX expires.. I see, thanks.fehro wrote: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 ….daytradingES wrote:Fehro
how do you trade the SPX directly?
are you in England?
Still iffy here.. we "may" stall VIXes sideways… bonds TLT nHODs
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.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.
SPX weekly resistance here. 20w 2709.20.. a point short from HODfehro wrote:nibble short here.. .. SPY may fill gap 270.46 ish still .. crazy man's target today
NY advancing stocks = 3.0 x declining stocksAl_Dente wrote:NY advancing stocks = 3.0 x declining stocks
NY advancing volume = 3.2 x declining volume
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.cletus wrote: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.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.
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.