The S&P 500 will top soon at 2925-2930

[Overnight]

"Thank you for the kind words." It took an extreme intellect to compose your kind post.

Here's my trade for tomorrow:
Trade Date 06-06; SPY (expires June 21) JUN285C Option
Today's Data:
Previous Close = 1.70; Open = 2.21; High = 2.33; Low= 1.60; Today's Close = 2.30
Bracket Order: Buy Limit= 1.75 / Sell Limit= 2.25 / Stop = 1.25
"Important Note": Negate the Trade (do not transmit Bracket) if
the Opening Price of the option Gaps up +.90 or >;
or the opening price of the option Gaps Down -.90 or >.

If you want to do options, take it to the options forum. There's a reason there's a separate section for it.

 

[jeffalvinson]

If you want to do options, take it to the options forum. There's a reason there's a separate section for it.

You asked for my trade tomorrow and I kindly replied with that information you wanted, and now you are asking me to go away? Ok

 

[Overnight]

You asked for my trade tomorrow and I kindly replied with that information you wanted, and now you are asking me to go away? Ok

I did not ask you to go away, I typed that I think you should take it to the options section, since your trade will be an option trade, They are complicated. That's why there's a separate section for those option trades.

 

[Buy1Sell2]

I say the S&P 500 will top at 2925-2930 and we will pull back 9% from this level
I will allow 1% deviation on the trade so I will consider this top void if we on a closing basis are above 2959.3

Looking good here Vol. Keep it going.

 

[themickey]

I did not ask you to go away, I typed that I think you should take it to the options section, since your trade will be an option trade, They are complicated. That's why there's a separate section for those option trades.

Jeff is an intelligent trader/poster.

 

[noddyboy]

Is this a buyable bottom?

 

[tommcginnis]

Is this a buyable bottom?

My instinct tells me that we're a hair above a cusp, so we're pretty much in-the-middle, but unstable. But my T/A (which continues to do better than my instinct) sez, with a green day tomorrow, "Buy!"

That's not helpful, I know.

(On the one hand, this -- on the other hand, that! "Bring me a one-handed economist!" )

 

[murray t turtle]

Is this a buyable bottom?

%%
Sure is; for investors. BUT investors can make money with SPY, if they buy 52 week HIghs for 40 years every year.Worked well in the past.BUT with summer rally weakest of them all +usually, weak buy volume +stronger sell volume.
Wouldn't buy it for a trade.,

 

[noddyboy]

My instinct tells me that we're a hair above a cusp, so we're pretty much in-the-middle, but unstable. But my T/A (which continues to do better than my instinct) sez, with a green day tomorrow, "Buy!"

That's not helpful, I know.

(On the one hand, this -- on the other hand, that! "Bring me a one-handed economist!" )

I agree -- a lot of CTAs were net short but now flipping to net long. Of course it can go back the other way, but it seems a break out one way or another is due.

 

[noddyboy]

#1 reason is every single republican president has a recession, look at history
Govt debt
Student loan debt
Check out what current consumer CC debt is right now
7 and 8 year notes on $70,000 suvs
Cyclical end of economic expansion
25% tariffs will get passed on to consumers who will reduce spending in fruits, vegetables, automobiles, iPhones,etc
Inflation Is alive in groceries
$1 chips just went to $1.24
Boomers retiring cashing out 401k's to less risky investments

Respect that...lots of worry to be sure. I am still looking for my short skirts and strippers flippers though. i.e. Crazy not worry.