ES Journal - 2017/2018

[manonfire]

Looks like we need the upside break of vix to break the 100 day spx.

 

[Pekelo]

I am bearish too. NDX already opened below its daily SMA and the SPX is only 2-3 points from it.

I have to change my view, I think we will break upward now. There is a very straight trendline and that is just asking for it.

 

[beerntrading]

Just to play devils advocate to all the bears in here...diluted instruments have been showing a lot of false patterns in shorter time frames. The options activity though has been unusually bullish. We've chopped around all week (which is a continuation of the last few months), but the options market suggests it's looking for a move upwards. We have option expiry today constraining prices (and suggests more chop and narrow range), but it will take only a gentle push up on this to trigger a lot of buying next week.

 

[treeman]

Not all of us are short. I have a pretty good size long going on, with plans to buy more.. just not there yet.

 

[beerntrading]

Oh....hey, I did save this image from yesterday afternoon regarding the options flow:

Note only 4 of those put / call ratios are above 1--none touch 2. And look at the volume relative to average

 

[speedo]

Would have been a good day to go to the beach.

 

[rocketman987]

gap up or down Monday...

place your bet.

 

[Spooz Top 2]

Would have been a good day to go to the beach.

Complete week of noise... they just won`t let it go!

 

[Pekelo]

Complete week of noise... they just won`t let it go!

Yeah, no conviction either way.

Anyhow I meant to ask, whatever happened to Spooz Top 1? Was that handle already taken?

 

[Spooz Top 2]

I was the original Spooz Top ... somewhere along the way I lost the password & old email... easier to come back as 2.0!