SPX closed @ 3609.53 yesterday for the 2nd +3600 close, yet lower than Monday's 3626.91. The ATH remains the NOV 9 "Pfizer cured COVID" after "BIDEN IS THE WINNER" gap up above the NOV 6 3509.44 close NOV 17 data: Overnight Gap: -16.60 Range: 34.43 O-C: -0.78 C-C: -17.38 LOD > P. Close: -38.23 Close > High: -3.80 ATH > Close: -1.00% ATH > LOD: -1.57% YTD 2020: +11.24% Off MAR LOW: +65.30% Energy has all but disappeared despite ~filling the [...]
Quick update since we've traded nowhere all night and have not a 3x fib cluster at yesterday's SPX top, but a 5x cluster coming from various STRONG top-bottom pivots with yesterday SPY printing a "fake print" EOD @ 358 💲😎 The "dip" "should" hold that SEP HIGH 3588/358.75 with Friday's close 3585/358.10 and the 5d MA right at them today. While the "OPEX PATERN" should strongly push for that HIGH OF THE MONTH above SPX 3645.99 from last week Monday's [...]
OPEX WEEK is here and the pattern with the lack of aggressive selling clears the pathway for SPX/SPY to attempt to print above 3645 / 366 this week. /ES gapped up above the SEP ATH (3587), but has been fading with the still weak Nasdaq forcing the DOW & RUT to do all the work. Where the work is being down is in Asia after a 10yr plan finally got singed today - RPEC - and has taken the NIKKEI [...]
MONDAY: JD TUESDAY: NIO, WMT, HD WEDNESDAY: NVDA, TGT, LOW Views from multiple time frames with Weekly Technicals JD JD still needs that 100 print for psychological reasons with this 2 fibs up there @ 98.03 - 101.11 before last week's gap can be looked towards and then that 70 - 68 NIO (covered in so many ways Friday, but still never oversold the 1Hr) WMT Weekly showing negative divergences with that 200.0 fib already shoved up to @ 154.06 with a good strong 135 base formed [...]
Been a pretty fun week with (3) of the 💲2️⃣0️⃣0️⃣ Challenge trades better than expected results and BKNG 💯 and yesterday's RH +3Bagger on NOV 20 390 PUTS even better. The low level VIX - below that 3 month support line - in that -24 range is making SPY options pricing tradeable Yesterday I shared the BULLISH BIAS view (with all the warnings from a Daily perspective) as we head into next week OPEX for the Pattern which clearly bets for a [...]
Sorry for being in the direct eye of Typhoon Ulysses that ripped this area here to shreds with winds of 110mph and moved at less than 13mph across us. Power was just reconnected for us here after chopping trees that fell onto powerlines all day, so today's email is late, but informative. NEXT WEEK IS OPEX The "pattern" tracked going back to the start of 2017 is simple: OPEX WEEK IS WHEN WE POST THE HIGH IF THE MONTH ON SPX/SPY [...]
Firstly, for those that served and supported those who served - thank you One of our members, @NonFiduciary, has dedicated weeks into building and customizing a PC themed after the World War 2 P40 Flying Tiger that is to be auctioned off with all proceeds going 1/2 to the Disabled American Veterans organization and the other 1/2 directly to the streets for those homeless vets about to endure another cold winter out there. GoFundMe: gofundme.com/f/homeless-veterans-charity-pc-build ---------------------------------------------------------- As we got that sudden [...]
Heading into ELECTION Week, I had already gotten that BTFD alert the Friday prior with those NOV 20 SPY 350 CALLS with the plan for the xtreme oversold SPX to bounce for 3391 - 3432 for the 1st unfilled gap - understanding there was one more above still from the OCT drop @ 3441 - 3465. That suspension of the ANT IPO in HK Tuesday morning obliterated "science" and gushed all that liquidity into OTM CALLS - not buying shares [...]
4 GAP UPS this week and now a REALITY Gap Down /ES is -50 thus far with the LIMIT DOWN Lower Keltner @ the 5d MA which is @ 3420 +/- 5 The WEIGHTED NAMES used for this week's push all reported earnings prior to this week and all are trading higher than the earnings pops so be aware if you are selling credit or choosing an individual name to play rather than QQQ or SPX/SPY In WEIGHTED Order - [...]
ANT IPO ANT IPO was suspended from listing this week on Tuesday in HK. Tuesday (ELECTION DAY), markets went APE 💩 Yesterday we had the VOTE STEALING - CONTESTED ELECTION - NO DEFINITIVE WINNER drama and markets continued to go APE 💩 with the Nasdaq > +5% day without the internals to support it and the RUSSELL 2000 🔻 to make matter worse when trying to decipher Last week Friday I alerted that BTFD cause it was set up for [...]
