Hourly bars and volume
What are they saying in ES about control and direction ?
What are they saying in ES about control and direction ?
The S&P has topped
- Thread starter volente_00
- Start date
finally got a sunday gap down; if futures are green by Monday's equity open then your top call isn't looking pretty
It looks a lot like January 25-30. Market tested 2299.50. The travel ban came out over that weekend, market sold off hard on Monday, found support around 2262-63 and started the move up thru 2300.00.
It wouldn't surprise me if it takes out that Mar 1st bar and then finds support at 2362-63
64/65 touch on hold of 74 old support becoming resistance. I'd prefer it not to happen on a gap down. I can actually see a possibility setting of as this being the head of an IHS on the 64 gap fill and then a retest of 2400.
You should have seen how I was mocked back in Oct.
Friends in high places that have their finger on the pulse of what's really going on in our domestic economy told me what's up.
Hell, the mods even changed the name of the thread it was so brazen because everyone was so bearish. It was an arrogant title I admit lol....but I had reason for that.
3000 DOW points later....
https://elitetrader.com/et/threads/vanzandts-important-post.303566/
And let me add once again.... we'd be here with Hillary or Trump.
Just so ya know.
The tops not in until the braintrust says its in.
And they're mum... but word is its close.
My read on them ....close enough if you know how to play it.
Things are cooling down. Housing is going to slow.
Student loan defaults are going to be a big deal in '17/'18.
I talk too much.
Oh well.
You should have seen how I was mocked back in Oct.
Friends in high places that have their finger on the pulse of what's really going on in our domestic economy told me what's up.
Hell, the mods even changed the name of the thread it was so brazen because everyone was so bearish. It was an arrogant title I admit lol....but I had reason for that.
3000 DOW points later....
https://elitetrader.com/et/threads/vanzandts-important-post.303566/
And let me add once again.... we'd be here with Hillary or Trump.
Just so ya know.
The tops not in until the braintrust says its in.
And they're mum... but word is its close.
My read on them ....close enough if you know how to play it.
Things are cooling down. Housing is going to slow.
Student loan defaults are going to be a big deal in '17/'18.
I talk too much.
Oh well.
You were a little early in October, but hey it is much higher now...The bottom of these markets leaves a more distinguished footprint (besides there are so many rallies when the VIX gets up around 20) that you have a fighting chance on one of the many bounces...Tops are another ballgame. Everything slows to a crawl and pullbacks become scarce. Just look at last April, June, Aug/Sep. The market literally just sat still for days/weeks at a time.
Lookin' good, volente. Rowshan would be proud!
Because buying juice is a losing game
Huh. How did Cornwall Capital average 51% annualized over 10 years buying OTM options ? If you buy volatility when it's cheap, and you have near-term expectations for a catalyst like an earnings report - being a value buyer of option vol could be very smart if modeled correctly.