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Change in VST forecast


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#1 opinionated

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Posted 19 November 2017 - 09:38 AM

Got a cycle date wrong,

 

Still 90% convinced we are nearing a notable decline but It will be put off a week.

 

I will be targeting long IWM calls monday morning hoping for a flat to down open then long the 149.50c weekly at .25 expecting 150.15 by Wednesday.

 

This same forecast for spx is 2599.10

 

I think the bigger test of the recent swing low will be tested the following week. But could start the half day Friday.

 

 

Best



#2 opinionated

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Posted 20 November 2017 - 04:36 AM

On second thought,  IWM has came a long way and into some RES. so I am switching the etf to spy 258.50c @ .21 I have projections to 260.00 this week.

 

Though some cycles/timing points to late in the day today or tomorrow for the bottom before this advance. So this will be a decide at the open kind of trade. IF at the open we test and break ON lows at 2567.50 ES then this swing becomes a short. BUT I see this as very little % 67.50 to 70 would be the sweetest trade point but also the most risky with a stop at 66

 

Best....


Edited by opinionated, 20 November 2017 - 04:43 AM.


#3 opinionated

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Posted 20 November 2017 - 12:18 PM

Needless to say my buy targets did not hit. But I changed my order to the 3 day spy 249.00c for .20 expecting 260.10 min by Wednesday I have a order out at 1.25... I'm sure most don't care just a fwiw...

#4 opinionated

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Posted 21 November 2017 - 08:20 AM

Targets coming into view

#5 relax

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Posted 21 November 2017 - 09:34 AM

good stuff O, Keep it up ;-)