It's hard to believe that 4 years ago I took a group of around 100 OTC penny stock traders and turned them into options snipers: trading the same 💲 amount sized trades they were on scam-pump-0.0001 garbage and doing it faster and smarter on SPY, FB, AAPL, NFLX. I still remember nailing that FEB 9 2016 bottom on SPY/SPX 1min prior to the OPEC announcement as well as SHORTING the night prior to BREXIT with everyone laughing at us and [...]
So we got our dip as planned and saved breaking 3300 yesterday for what was RISK RIDE to 3317 knowing the support its provided since gapped up Friday last week with ES 3325 the start of the week Sunday night: Both produced into the close yesterday after perfectly filling the 1 of 18 unfilled gaps below to fill the 1 and only gap above. With the overnight continuing to use the NASDAQ ahead of the big names reporting next [...]
#Bang #Bang #Bang #Bang SPX +3283 ✔ 3297 ✔ 3306 ✔ 3333-3336 ✔ Enough with the having to redo fibonacci retracement lines because 3337.77 is too damn pretty to mess up As spoken about for months, SPX 3333-3336 has finally done its bizness ans printed and we got two good SHORTS off SPX PUTS yesterday for +💯 rides with the gap filled perfectly into the EOD. Any and all blind mice gathered after the close to discuss how obvious the [...]
The OPEX Pattern Follow through producing a higher high of the month is here when we open and due for our SPX 3333 target having produced ES 3336.50 to the penny for the 161.8 retrace of the SEP 2018 - DEC 2018 drop. We're able to do it due to the 4 deaths from the Coronavirus having been 4 short-sellers and thus the squeeze was easy to manage overnight using the NASDAQ still. There's some FUEL that can now [...]
Opex Week produced all 3 targets and bonus 4th target into the close Friday with SPX taking right to the 161.8 fibonacci retracement of the Wave 1 (2954 - 2347) move off the 2018 Low making every major 1-2 161.8 fibonacci extension and every drop retracement now taken to/through with the final pivot untagged above which equates with the Elliot Wave rules requirement for wave 3 to be =/> than wave 1: SPX 3336. With the continued extensions since the [...]
With the 161.8 retracement extension looking like it was due to work into the close yesterday, SPX 3308.09 for a wave-iii top fit like a glove (until it didn't). That final 1hr of pure Bucky Larson fund flowing for that push then brought the 161.8 retracement extension on SPY into picture @ 331.15 (which appears to be holding overnight). If we ZOOM IN and try and nao forecast this subdividing subdivided 5th wave, SPX 3316.73 fit (which we got) and [...]
Not much to add to yesterday's mention of the sell divergences and required drop points for a hint of a confirmation the grind up is complete. What can be updated is the accomplishing of the double 161.8 fibonacci cluster @ SPX 3307 with the ES overnight 3308 High SPX 3306.18 is your 161.8 fibonacci extension off the JUN - JUL - AUG pivots SPX 3308.21 is your 161.8 fibonacci retracement extension of the ENTIRE SEP-DEC 2018 DROP Yes, the [...]
Monday night produced the ES 3296.75 tag which was a hopeful target to revisit in the regular cash session Tuesday for SPX to print that 200.0 fib extension @ 3296.83 for our 3297. The -20p drop Monday night into the EU open without any rhyme or reason besides "dumps begin in Asia" V-bounded prior to the US sunrise. With Monday's usage of the Nasdaq COMP to boost the SPX for the High of the Month #OPEXPattern achieved and then rolled [...]
#OPEXPattern Prevails SPX accomplished both +3283, but also the 3297 on the ES overnight, thus lining up for it to be printed during the cash session in the coming days as was the ES 3287 from last week due to be printed as it did in yesterday's cash session. RISK above "looks like" ~10p more to give for 3306-3307 using the ES 3296.75 overnight high, but there is no SURETY that we don't continue onward +3336 through next [...]
What a wild week (from a news headline POV) for the 1st full week of the decade: WW3, JOBS Miss. Last week we had it lined up and it did produce: They have the BLAME now if it gets used and its usage will be good for NO MORE than SPX -220p really. Any break and close above 3258 looks to top off at that 3270, but DOES NOT discount the chances of still seeing 3306 +/- 3p for a [...]
