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#1 CLK

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Posted 16 May 2019 - 12:25 PM

Anybody here think this might be a "B" wave with a lower low next?  Would be with higher internals.

 

Or any proof this is a non stop run to new highs ?

 

 

 

 

NDX stopped at the 20dema.


Edited by CLK, 16 May 2019 - 12:27 PM.

I will not vote for Trump again, too reckless and does not do much to help the people. Life long Republican here, but the rich are getting richer and the poor are getting poorer, needs to change.

 

 

Yang2020.com


#2 CLK

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Posted 16 May 2019 - 12:31 PM

Equal weight lagging.

 

http://schrts.co/pzkzYzVw


I will not vote for Trump again, too reckless and does not do much to help the people. Life long Republican here, but the rich are getting richer and the poor are getting poorer, needs to change.

 

 

Yang2020.com


#3 Waver

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Posted 16 May 2019 - 02:26 PM

The rally from the 13th looks Corrective with today being Wave C

#4 CLK

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Posted 16 May 2019 - 02:31 PM

Price is back in line with equal weight. Another big up day tomorrow would be great, setting up a down Monday and up Tues. to new highs maybe.


I will not vote for Trump again, too reckless and does not do much to help the people. Life long Republican here, but the rich are getting richer and the poor are getting poorer, needs to change.

 

 

Yang2020.com


#5 CLK

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Posted 16 May 2019 - 02:44 PM

Doesn't look good, gave back half the day's gain.


I will not vote for Trump again, too reckless and does not do much to help the people. Life long Republican here, but the rich are getting richer and the poor are getting poorer, needs to change.

 

 

Yang2020.com


#6 CLK

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Posted 16 May 2019 - 04:10 PM

I think you have to be careful here, that move down was unlike the other dips this year, wasn't fast and straight down,

so this fast move up may just be a bear type rally. Can't rule out 26-2700. It's all how you pick the expiration dates

on calls, Jan. is fine, May, June or even July may end in a loss trading out of the money SPX calls.

 

 

https://invst.ly/at79h

 

 

 

I had a good $1700 gain early, seems when I don't take those the next thing is I lose 2-3k, gains just disappear in

this environment.


Edited by CLK, 16 May 2019 - 04:14 PM.

I will not vote for Trump again, too reckless and does not do much to help the people. Life long Republican here, but the rich are getting richer and the poor are getting poorer, needs to change.

 

 

Yang2020.com


#7 CLK

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Posted 16 May 2019 - 04:52 PM

The SPX puts are about twice as expensive as calls, so you have to buy so far out of the money they get wiped out fast on time and rally. I think best to hedge with SPY puts close to price, can afford twice the time and be in the money quick on a sell.


Edited by CLK, 16 May 2019 - 04:52 PM.

I will not vote for Trump again, too reckless and does not do much to help the people. Life long Republican here, but the rich are getting richer and the poor are getting poorer, needs to change.

 

 

Yang2020.com


#8 tsharp

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Posted 16 May 2019 - 05:18 PM

Anybody here think this might be a "B" wave with a lower low next?  Would be with higher internals.

 

Or any proof this is a non stop run to new highs ?

 

 

 

 

NDX stopped at the 20dema.

 

 

 

 

No proof, though my momentum work suggests back upward to the top channel UTL, and the momentum indicator line back up to the DTL... what happens at the top of the gray zone resistance level will help tell the tale one way or the other... twt.

 

SP00-300-5-16-19.jpg


Edited by tsharp, 16 May 2019 - 05:20 PM.


#9 CLK

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Posted 17 May 2019 - 09:15 AM

Better have some puts for hedge, this could melt down.

 

 

https://invst.ly/ath43


I will not vote for Trump again, too reckless and does not do much to help the people. Life long Republican here, but the rich are getting richer and the poor are getting poorer, needs to change.

 

 

Yang2020.com


#10 redfoliage2

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Posted 17 May 2019 - 01:56 PM

There is rumor that China may meet Mnuchin in Beijing next week.  Let's see what will come out it..........


Edited by redfoliage2, 17 May 2019 - 01:57 PM.