Daily Scans / Watch Lists / Options In Play
JD Setup into SEP added to LIVE STREAM Page (link) After one of the wildest OPEX weeks I can recall with -1.5%; +1.5%; -3%; flat & +1.5% - all of which ended a whopping -18.39p lower than the Monday open giving us a 🔻 RED WEEKLY candle and the 8th OPEX FAILURE since JAN 2017 by which we DID NOT PLACE the High of the Month during the week. SPX 15Min from JUL 26 ATH Note #1 and #2. #1 would [...]
Inverted, diverted, skirted & flirted which was why I alerted; all we need is the unperverted trannies squirted Inverted yield curves have the 30yr looking like a 7-11 coupon, markets "looked" like it was doomsday, but its not as bad as the numbers showed with the PAIN really concerted within the IWM-Financials-Trannies. Dow Transports DO NOT BREAK 10,000 and when they do, all 🔥 usually breaks out, but from how the Nasdaq has relatively held in-line with the S&P - with both using their priority 2002 [...]
It's difficult to project corrective b waves and even more difficult when they happen during OPEX (see FEB 2018 & NOV 2018 for examples) and even worse as it can break Monday's 2822 and fill that ONL gap the Futures left and still be in wave-b. Good thing there were non-involved know-it-alls who knew we'd get the 10/2yr inverted for 2 full hours and drop -104p from visiting my 2930.94. SPX took it to the edge of the edge of the [...]
News hits when charts are ready for it and the play on the word "tariffs" did the trick yet again since the US consumer doesn't pay for them - China does - but CO decided to "delay" some until DEC 15 so as not to impede on Xmas shoppers... 🙄 Better it took 54mins to get back to the AUG 2 & AUG 8 Highs and reclaim that 2930.94 than to take 54 hours to do it, but it done gone [...]
Congrats to the 32Trades Plan participants on closing #3 in under 2 weeks; Congrats to @Darryl on his 1st ever 10K Day; Congrats to AMD SHORTIES above that 34.14 (and we still have time and space into AUG 30 for 30.85 - 29.44). Now, onto this BULL WARNING and corrective B wave on SPX: Looked as if there was a small possibility this B wave off the DOUBLE BOTTOM 2822 - 2825 was going to be a simple 5 wave [...]
Last week, we went into it for "possibly" sweeping through SPX 2900 for a small dip into high 2800s (SPY 289.90 - 288.88) before the b-wave which becomes untrustworthy above 2930.94 - 2940.91 and instead got the devalued Yuan to ignite the fire which took us straight to the 2002 BEAR MARKET fib extension @ 2822 for a deeper than planned wave-a drop. This hurt badly for any BULLISH VIEW of this dip from the JAN - SEP 2018 Highs line [...]
Ten Trading Sessions and we've had a -206p drop with an inverted H&S kinda setting after the +70p bounce and then revisit for a near perfect DOUBLE BOTTOM (2822-2826) and now a reclaim of 2930.94 for a +117p bounce (in 2 trading sessions) for the 1st OVERBOUGHT indicator of this expected multi-day bounce. SPX Hourly Simplest view being there has been NO CALLS LOADED and we're still well above VIX 16.22 is for either all of wave-b is in and completed [...]
Great session yesterday and we got a sweet DOUBLE BOTTOM on SPX for that parade of gains on AUG 7 SPX/SPY CALLS traders yesterday and it's clearing up the vision as we head into OPEX next week for a FAILURE in the 2922 - 2942 range. We've repaired the 4Hr & Daily chart sufficiently without a "proper" buy divergence, but instead a "bullish support divergence" on the technicals. We just got a CNY price fix here as the Asian markets [...]
First want to share that I made ZERO trades yesterday and for two reasons: 1) I closed some very large positions on that drop to SPX 2822 Monday and then scored the bounce using the ES Futures (which I missed the BIG portion of the overnight move) and 2) we dropped the 2nd largest single session total Monday in +15 or +20 years and then more overnight on the ES. Psychologically, you always want to be included, but its psychology [...]
Waves NEVER bottom Fridays, and when you throw gas on a fire, you get the 2nd LARGEST TRUMP DUMP: -113.19 Feb-5 2018 -109.93 Monday -100.66 Feb-8 2018 You'll recall me saying all JUL that's its fake due to lack of volume (noticable on SPY) and the sell signal we brushed away since the last buy signal we had on JUN 3... well this is why I was reminding everyone that BIG DROPS take only [...]
