You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Weekly Poll: Will Buyers Knocked Out By Expiration Put Up A Fight?
- Thread starter shortie
- Start date
Quote from shortie:
i am quite sure i got the chart after market close, maybe even on Saturday. maybe they have adjusted the price later.
This just goes to show one more time that Devil is an extremely treacherous animal...
You got the SPY chart right, but not the overall S&P500, which has much greater significance...
S&P still in down trend. 50ma still below 200ma and still sloped downward. Until slope changes to up or second week in August, whichever comes first, I have to stick with my expectation of lower lows on the S&P. Those of you who monitor DX and EUR/USD would have noticed the big divergence, as I did, between both the DX and EUR/USD and ES going into today's open and may have therefore entered short at the open. If you did that, congratulations.
DX: do you mean the dollar index or some stock symbol? At the close today, for tomorrow, I favored going long overnight while shorting option premium (weekly expiration is tomorrow). How are people in here position for tomorrow? I would love to see a gap up tomorrow.
Quote from tradingjournals:
DX: do you mean the dollar index or some stock symbol? At the close today, for tomorrow, I favored going long overnight while shorting option premium (weekly expiration is tomorrow). How are people in here position for tomorrow? I would love to see a gap up tomorrow.
On my platform its symbol is /DX, which is the U.S. Dollar Index Futures. Essentially futures tied to an index of the Dollar versus a basket of major currencies. The Euro, Yen. Pound, Canadian Dollar, Swedish Krona and the Swiss Franc. The index is intended to duplicate the Federal Reserve Index of Major currencies.
I don't have an opinion Re tomorrow other than to note that the ES @1064 (6 pm CST) is entering a region of closely spaced support levels going back to July 8th. The swing-low for this period is ES 1054 made on Jul 8th. If we lose that, we go over a cliff. So you could look at the current level as either a good place to enter long, or a good place to head for the bomb shelter, or a good place to sit on your hands..
Quote from shortie:
Q about today's intraday drop: the timing was coincidental with Ben' speech. was the speech broadcast? did he really say something significant in the first couple of minutes? is the market simply jumpy and sold off "just in case"?
other significant news at that time maybe?
I believe the text of his speech was released when he started talking.