Gotta love ZERO RISK in the SP500 = $$$

[nickynoes]

Feels like its building up to breakout to the upside.

Funny how ascending wedges are bearish when i think they are bullish and vice versa

 

[Brianharvey]

+8

+10

that's a chunk of yesterdays losses back

 

[Rickshaw Man]

Will end the day with a bearish candle. Giving the bears some hope, it will get dashed overnight. Seen this over and over. No bull trend ends with out a weekly bearish divergence. There has been no such divergence.

 

[Brianharvey]

L 2711
stop at 06

 

[beefcaketrade]

266,271,273

What's interesting is when we hit all time high there was a large 273 hedge on both sides and it still remains after 350 down and 196 up.

For all intents and purposes, we've reached the 50 day, even though it didn't technically ping it yet. Maybe 50 day is resistance this week. But then again maybe not.

Still, too much bullish call buying activity. Maybe Mr Market wants this back to 2600 next week to shake some people out. Who knows.

And, in the off chance we touch the 200 day again, there is a good chance it goes under. Triple bottoms don't tend to hold.

Still, who wants to wager on tommorrow's OPEX close? That's most interesting right now. Any chance for 2700 pin?

 

[Brianharvey]

L 2711
stop at 06

stopped -5

 

[S2007S]

Sold another 2 longs just now

Out of UDOW and YINN

Way over priced from a week ago


Added LABD and TVIX

 

[noddyboy]

Sold another 2 longs just now

Out of UDOW and YINN

Way over priced from a week ago


Added LABD and TVIX

How far down do you think we go next?

 

[Rickshaw Man]

Will end the day with a bearish candle. Giving the bears some hope, it will get dashed overnight. Seen this over and over. No bull trend ends with out a weekly bearish divergence. There has been no such divergence.

 

[noddyboy]

View attachment 182659

What do you mean by divergence?