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SPX 2018 In A Nutshell

Going Nowhere

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#1 SemiBizz

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Posted 30 April 2018 - 08:02 AM

Trapped inside the reference candle range of 2593-2701 from 2/6/18

 

Opened at 2583, close Friday 2569

 

Only the Brokers and Traders Make Money in this environment...

 

(Annotated Chart Update)

 

spx043918d.JPG.168b993d15f3d3fd86a3f20e3


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#2 12SPX

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Posted 30 April 2018 - 08:27 AM

Trapped inside the reference candle range of 2593-2701 from 2/6/18

 

Opened at 2583, close Friday 2569

 

Only the Brokers and Traders Make Money in this environment...

 

(Annotated Chart Update)

 

spx043918d.JPG.168b993d15f3d3fd86a3f20e3

And the premium option sellers as I said in another post lol.  Was pretty easy from the top but still further out focusing more on the call side and then at the bottom really sold out of the money puts.  For awhile that set the limits but as its now getting tighter we need to move further out once again until we know which way it will break.  Even when it does though I still think the max downside will likely be 2550 for awhile, upside likely but not convinced yet, 2750-2800.  I only trade month to month though so that can change of course we'll see!



#3 Geomean

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Posted 30 April 2018 - 02:41 PM

Semi, saw your chart on Larry P's TFNN show this am, " from a friend from Las Vegas" per LP.


Opportunity knocks on your door every day-answer it.