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#1 OEXCHAOS

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Posted 11 September 2019 - 05:34 PM

So, the market was strong today as expected (and predicted). I had hoped to get something actionable from the options, but all I really got was a mild sell from the OEX. The VIX P/C and Options Oscillator are both well away from signals. Momentum turned back up. All this means that we could walk right up the bottom side of the upper Bollinger Band for a while.

 

We'll see if they give us something more to work with, but for now, I am personally not seeing any reason to top-pick.


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#2 da_cheif

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Posted 11 September 2019 - 05:45 PM

https://www.siliconi...?msgid=32321518



#3 MikeyG

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Posted 11 September 2019 - 09:04 PM

I agree, it's all about buying dips. 



#4 Harapa

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Posted 12 September 2019 - 06:05 AM

Plenty of reasons to remain Long...or buy the dip...IMHO

 

Considering the posturing of this setup, even if a rapid drop is to occur, SPX will make one successful ("guaranteed") attempt to current level afterward.


Edited by Harapa, 12 September 2019 - 06:10 AM.


#5 Harapa

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Posted 12 September 2019 - 04:49 PM

Plenty of reasons to remain Long...or buy the dip...IMHO

 

Considering the posturing of this setup, even if a rapid drop is to occur, SPX will make one successful ("guaranteed") attempt to current level afterward.

Pretty firm (bullish) as of EOD....