Gotta love ZERO RISK in the SP500 = $$$

sadly, futures tanking only means it gives back Friday's gains. Feels like a bunch more because of the neverending overnight churn sessions up.
 
Knew it was gonna tank after the weekend, why didn't I place that sell with a stop over the top ..

Some sideways action would be good here before moving on higher. Don't think it'll go below 2800 but it might, I'm believing that 2829 will hold for a while however.
 
nickynoes said:
Knew it was gonna tank after the weekend, why didn't I place that sell with a stop over the top ..

Some sideways action would be good here before moving on higher. Don't think it'll go below 2800 but it might, I'm believing that 2829 will hold for a while however.
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I have 2785-2855 band right now
What's concerning to the bull case is we have broken below the 1 month channel support
 
volente_00 said:
I have 2785-2855 band right now
What's concerning to the bull case is we have broken below the 1 month channel support
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If 2830 breaks I think we could go down to around 2770 but the scenario I'm leaning against right now is testing 2830 again, forming a double bottom then going back up.
 
LIFETIME BUYING OPPORTUNITY.. Trump will mention tax reform at State of the Union and it will get repriced into stocks all over again!! Buying euphoria coming.. ES will never trade below 2850 ever again.. SO CHEAP WOW
 
i'm gonna sit on my hands for a bit. I know once in a rare while we ARE gonna have a nasty down day and you can't expect to have up days literally 100% of the time, evne on teh SPX which is designed to go up, so i'm not especially surprised by the drop, but at the same time, I think it's just a typical profit taking pullback, and we will be back to the usual business fairly soon. Can't see them letting us go down too much before they step in and do something
 
Overnight said:
Nothing happened to June. June is fine. But June snowflakes are stale, I like September snowflakes. Remember, you are trading FUTURES. So you need to think about the FUTURE, into the FUTURE, and make the FUTURES your FUTURE PRESENT.

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I think you enjoy a good drink, right? :D
 
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