This is what a market bottom looks like

When supports break(which has just happened) and volatility looks bullish, it's a reversal/start of a trend and move is likely to continue.

Good luck to everyone counter-trading me.
I am not counter trading you. I just haven't sold those I bought after your first post. If I sell, I would be trading along side you.
 
c-c-c-combo breaker
upload_2020-4-28_23-23-11.png
 
Given the above chart posted by Here4money, it would be very important to see how the market behaves today. It could be a "sell the news" moment or an indication for a continuation of the rally.
 
I know, that's why i'm bound to get it wrong at some point lol :)

Wrong or slightly too early? Probably the latter.

To me it seems like volatility is to return any time. BUT I COULD BE WRONG!!.
 
I know, that's why i'm bound to get it wrong at some point lol :)

Wrong or slightly too early? Probably the latter.

To me it seems like volatility is to return any time. BUT I COULD BE WRONG!!.
don't see much brightness after AMZN today
 
Orbit -- you're often a bit early in your calls.


I know, that's why i'm bound to get it wrong at some point lol :)

Wrong or slightly too early? Probably the latter.

To me it seems like volatility is to return any time. BUT I COULD BE WRONG!!.
 
I don't have a bias anymore. I am just daytrading this now. Thing is there can be violent moves, both up and down and i just wish to capitalize on them.

Do think SPX will trade at 1500, likely by the end of this year, but i wouldn't really be a buyer of long term puts here because i am not seeing it happen just yet.
 
"SELL IN MAY AND WALK AWAY".

EXIT ALL MARKETS. BUY $2600 SPX puts September expiry.

I do think selling here will give profits. But on a short term basis, i think we have topped already and should dump next 2 days already. If wrong, then short term unsure! If we do dump next 2 days, then next month would be bloody IMO.
 
"SELL IN MAY AND WALK AWAY".

EXIT ALL MARKETS. BUY $2600 SPX puts September expiry.

I do think selling here will give profits. But on a short term basis, i think we have topped already and should dump next 2 days already. If wrong, then short term unsure! If we do dump next 2 days, then next month would be bloody IMO.

What's your basis?

Hunches are a bad reason to put on positions.
 
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