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SPX made a lower low, and the last candle looks bearish ... but maybe it surprises me to the upside coming week. Ye'never know :p

Hmm, looks like the bounce failed ...

Gold has set the final top and broken down support; it will go to 1300-1200 the coming months. There should be lots of nice trades in the down move.

I think it will bounce off the 1350 level for now, the formation doesn't look finished yet. And I'm not sure yet whether it's a top or continuation pattern.

The SPX looks like a top in the making, AAPL could be the start of the C wave, not quite sure. Where's Mr777 to enjoy his moment of glory? :p

It sure looks like it has bottomed ... upsurge tomorrow?

He sees me as contra-indicator :p

Look at the weekly chart, we have formed a nice Ross hook, and it isn't that far.

Of course it could go sideways, but what I SEE is the surge. And it could go to 700 after that reasonably fast.

OK the roulette bettor has just bought @ 4.40. :D

So has each his own method; that's the beauty of it. I don't know any more about options theory than Black-Scholes and the Greeks, used in an intuitive way.

Not the same patterns at the same time of course, e.g. if the stock bottoms the option will be in a downtrend, but patterns that adhere to the same laws. This is not surprising, since vol is tradable after all, so subject to the same speculative behavior of traders with its own ecosystem of dumb...

Exited my short for a nice little profit.

The pattern aapl is forming since the spike is what Hershey calls "4 o'clock drift". He isn't as crazy as he sounds.

I find that options charts form the same patterns as direct instrument charts, so vol and time decay are all accounted for somehow. I don't use regular TA, don't care for the 600 level at the moment for instance.

Doing a short scalp now, just for fun :)

No, but I think it will surge up in one or two candles above the last top within one or two days, not the middle of may. I'm letting air run out of the options and wait patiently for the right moment. The may 18 640 call is almost trading at it's pre-announcement level now, and seems to bottom...

Really?

The chart decides where it goes; the analysts just play their part as component of the trading ecosystem.

Will probably drop a bit the coming days, then another upsurge ... I'll buy when I see a clear bottom. Meanwhile, the AEX calls are doing fine. We'll see about gold.