You all just got the chance to witness what you were not only prepared for long ago, but to an extent you might not ever see again in your lifetime as the significance of this drop occurrence in less than 1-month on SPX, exactly 1-month on the DJIA, has TECHNICALLY created on of the greatest BTFD opportunities in over a decade. We're going to go into ZOOMED IN detail as well as ZOOMED OUT as we embark on OPEX Week which [...]
We're In BEAR MARKET and its only lasted for fractions of minutes in 2018 and so far now in 2020 which is the 1st times these have shown since the 2007 dotCOM DOUBLE TOP / RATE CUT / Lehman Bubble In DEC 2018, we were -20% from the ATH on SPX (2352.73) for fractions of 3 minutes on DEC 24 and fractions of 4 minutes on DEC 26. We just done it again yesterday on the DOW & SPX with [...]
Nice DOUBLE BOTTOM on the SPX CASH @ 2734.43 - 2734.00 and a beautiful FUTURES afternoon riding /ES & /RTY LONG with the /UB SHORT and the SPX/SPY CALLS going +💯 almost makes you think we were right to expect the BIG BOTTOM placement for the reversal of fortunes. EVERYTHING met/matched/ or in rare cases exceeded the expected moves for the correction and the REVERSALS and BUY DIVERGENCES placed after the big lows Monday solidify the view, but PRICE STILL [...]
So first of all: ES (S&P Futures) are currently up +179.25p (+6.66%) off the overnight low: 2695.25 - 2874.75 = +6.66% 😮 Many saw their first ever circuit breaker yesterday; Many were smart and sat on the sidelines; Some took to the BULL PUT SPREADS setups; Some took to the Futures & Indexes; As i showed on the weekend and pre-open yesterday for some refernce points of previous BIG PANIC SELL OFFS with the Buy Divergence setups on the Daily charts across the boards... [...]
FUTURES HAVE BEEN HALTED SINCE THE LIMIT DOWN MAX TRIGGERED @ ES 2819 What does this mean? A: it means we dropped the maximum allowed on FUTURES (-5%) caused by PANIC SELLING B: it means not a single person out there REGARDLESS of how long they've been in this game knows where or how to trade it C: it SHOWS us that with all the global exchanges supporting around -7%, that the SPX "OH 💩" line @ 2751 may be avoid with 2764 [...]
So last week I laid out the BTFD Pattern and wanted us to With the JOBS Report Friday, we should start seeing a rebound with the 1st sign a CLOSE above 2954 and closing of the gap to +2979 with the more significant sign the 2nd gap closing @ +3116 which immediately brings into play the 50.0 retrace (3124.68) and ~10% rebound (3141.60). After the 50.0 retrace, sure we expected to see a dip having completed the wave up and that [...]
With the premium sellers sparking some interest from those who were too scared or unaware of the BUFFETTnits, when the play is OVERBOUGHT, we go with BEAR CALL SPREADS which sells a contract we deem unachievable and buys one that's as far out and away as 💲 responsible so as to lower the margin as low as possible and maximize the retrun as high as possible. With BULL PUTS SPREADS, its the same, but reversed: play is OVERSOLD sell near/in/out of-the-💲 PUT [...]
Its the final hours of the week and SPX has been supporting the SEP 2018 2941 and my 2931 To AVOID a 3rd consecutive 🔻 Weekly Candle, SPX NEEDS to close +2974.28 No one NEEDS to play this close, but you can use this as a starting point to go back and research the CONSECUTIVE 🔻 Weekly Candle patterns going back as far as you'd choose to (understanding algos have become increasingly involved compared to 2008 and 2002). What you [...]
Sun is rising on the east coast and markets are just off their lows, but -2%: YM -520 ES -66 NQ -225 (-2.6%) RTY -29 JOBS had better be spectacular to try and reclaim the 200d @ ~3050 as we have what looks like 5 equal sized waves down in a very controlled drop as we're back to what we played with end of last week and Monday: ES 2926 - 2947: -100p from where BULLS would like to be [...]
Never has there been this wide of an intraday range for this long with last week Tuesday to yesterday trading on the SPX from 73.52p to as much as 160.09p from opening bell to closing bell. Markets are open in April, May, June, July, August, September, October, November and December of 2020 in case you forgot that you DO NOT need to be involved in every trading session. With the market unable to separate still from the bond market - typically [...]
