You brave enough to sell them again this month ?
s&p just made intermediate term top @ 1431.8
- Thread starter thorn
- Start date
You brave enough to sell them again this month ?
hey thorny bird, check what is going on in spy options for front month.
odds have incresed to 10%-15% chance of this prediction being correct.
If you follow this thread and used a strategy I layed out here, you immediately sold Feb 1450 calls when the Jan 1450 calls expired last friday, and you are already making out like a bandit !! My average price selling the Feb 1450 calls was $6.1 and I could have done better imo.
SPX has KEY support at 1422.60
As long as the market closes above that level, I am looking for the first two parts of a "5-3-5" sequence to be completed today.
New target suggests 1455.15 / 1457.50
A close back above 1435.70 will confirm this next sequence with initial targets of 1444/1447 before encountering any substantial resistance.
Stay nimble!
As long as the market closes above that level, I am looking for the first two parts of a "5-3-5" sequence to be completed today.
New target suggests 1455.15 / 1457.50
A close back above 1435.70 will confirm this next sequence with initial targets of 1444/1447 before encountering any substantial resistance.
Stay nimble!
Quote from Landis82:
SPX has KEY support at 1422.60
As long as the market closes above that level, I am looking for the first two parts of a "5-3-5" sequence to be completed today.
New target suggests 1455.15 / 1457.50
A close back above 1435.70 will confirm this next sequence with initial targets of 1444/1447 before encountering any substantial resistance.
Stay nimble!
"5-3-5" is a up or down pattern?
Quote from Landis82:
SPX has KEY support at 1422.60
As long as the market closes above that level, I am looking for the first two parts of a "5-3-5" sequence to be completed today.
New target suggests 1455.15 / 1457.50
A close back above 1435.70 will confirm this next sequence with initial targets of 1444/1447 before encountering any substantial resistance.
Stay nimble!
Mine comes in at 1421 but close enough. I hear what you are saying but any penetration of this level could result in a new bear move and the commencing of a lower level wave 3. I am still bearish until I see some confirmation of support holding here.