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70% chance we gap down tomorrow


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#1 kinga200

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Posted 21 February 2018 - 04:18 PM

70% chance we gap down tomorrow

 

Bot SPY 03/16/2018 265.00 P  at $2.92

 

The signal was strong.



#2 salam

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Posted 22 February 2018 - 08:03 AM

...and there is 30% change it wont remember!

 

Nice op to short the pop

 

I took my profits at the close and looking to re-enter  short today if I get a fill...Strong resistance 2716-20


I'm not sure what my future holds... But I know who holds it.

#3 Waver

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Posted 22 February 2018 - 08:19 AM

Salam
Looking for a revisit to the lows?

#4 salam

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Posted 22 February 2018 - 08:36 AM

Salam
Looking for a revisit to the lows?

Waver; this market is moving on emotion not fundamentals; Fundamentals remain bullish but weakening.

 

We have had a typical Fib retracement and the 20 and 50dma have been revisited. There is a nice confluence of the 5,10 and 21dma around the 2710-18 level Y it is bullish above and bearish below.

 

I am expecting a retest in the 2620-40 Area on this move down, . Beyond that I would not be surprised if we spike straight back...ATHs is not out of the question, and this Bull remains at extreme levels.

 

2620 breakdown opens up lows retest. one step at a time

 

With the vix above 14 Swing trade the volatility!


Edited by salam, 22 February 2018 - 08:44 AM.

I'm not sure what my future holds... But I know who holds it.

#5 Data

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Posted 22 February 2018 - 10:51 AM

The Fed came out and made a statement about the minutes.   James Bullard is one who frequently acts as a mouthpiece.



#6 salam

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Posted 22 February 2018 - 11:44 AM

Well we are back above 2720 and I must flip to the long side


I'm not sure what my future holds... But I know who holds it.

#7 salam

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Posted 22 February 2018 - 01:05 PM

back at 2720> looking to go Short!


I'm not sure what my future holds... But I know who holds it.

#8 kinga200

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Posted 23 February 2018 - 04:54 PM

...and there is 30% change it wont remember!

 

Nice op to short the pop

 

I took my profits at the close and looking to re-enter  short today if I get a fill...Strong resistance 2716-20

Yes like everything....

I had to close my position this morning at $2.10 and took a loss.  The system at the close is showing a 70% chance of a gap up on Monday.  And yes there is that 30% chanceyes.gif