so far its setting up for monday gap up
will not be surprised if we close around 116
seriously annoying market behaviour this week(for me anyway)no reason at all to jump 30pts from 1144,only to kill stops above the last high,pinged em(mine included) and precedes to sell off 40pts is my account being monitored? lol
gap fill in process
so far they cancelled monday gap up
Damn I sold my IWM puts way too early!!!
Spx numbers seem to gelcheck this out1220 - 1066 = 154 pts40x 4 = 160 - darn close1066 + 120 could have gotten to 1186, but didnt1174 - 40 = 11341134- 40 = 1095= the 200 day level1095-40= 1055 almost on May 6thComputer glitch or notthe SPX got to where it was supposed to go one way or another1134 is broken, thus we might look at 1095 as important supportJay
my FAZ/TZA/VIX doing great.
not VIX but VXX I meant to say
I have been trading the first week of Feb this year fractal. So far, today is the same as 2/5 implying Monday will be down until about noon. Also, the Feb pattern is about 90 days from this weeks action. Next week is OPEX and yesterday was the New Moon. My bet is the same as Jay's, ..., one kick but rally beginning sometime Monday into Thursday. Statistically the Friday of OPEX weeks have been down from the prior Thursday.
Jay - pls can you share what is monday looking like ?
Agree with KCMonday is looking DOWn60bars @ 1;3090bars at 4pm62%/ 13 day at 11:13Uncertain energy at 1:14pman initial Low could occurbetween 11am and 1pmEuropean problems end when they close at about 11am to noonand then we will probably coast the rest of the dayGET READY FOR TUESDAYHIGH ENERGYResolve recent $ problemsexpect a winning dayJay
I am out of TZA. Still leaving FAZ & VXX for next Monday???
There are OBVIOUSLYinvestors who KNOW thatMonday WILL NOT BE A GOOD dayand as of 3;20, the selling could intensify since 258bars was at 3pm, and appears did NOT establish a pivotOn RARE occasions, 258bars is passed over for the larger cycle of 329 bars due on Monday also near noon to 1pmJay
Now you see that I mentioned a POINT OF PANICDID NOT MEAN AN Immediate COLLAPSEon the 13th , but as we readily see, it DID mean the START OF SOMETHING BIGSome of you read the word ""PANIC""and expected an immediate crashprophecy doesnt work that wayJay
JayLooks like gap up monday
Jay - thanks for clarifying - repenting sellin my puts EOD yest .. thought the panic ended with yest itself .... :)
Reza - what do u look for to predict gap up / gap down days ?
Trend is down, looks like gap up
Long DRN & TNA for next week. Closed out FAZ, TZA & TYP.
As Kip mentioned, interests for OPEX are at SPX 119 level.
Post a Comment