Shorting volatility.
That's Bullish.
Of course, the OEX P/C which has historically been "Smart-ish" money is shorting equities.
Up then down?
M
Posted 02 October 2019 - 08:31 AM
Shorting volatility.
That's Bullish.
Of course, the OEX P/C which has historically been "Smart-ish" money is shorting equities.
Up then down?
M
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
Posted 02 October 2019 - 08:50 AM
VST let's see if SPX 2905 can act as a tentative support, or it wants to test the bottom of the expanded range in a hurry:
https://www.traders-...xchanges/page-2
Edited by redfoliage2, 02 October 2019 - 08:51 AM.
Posted 02 October 2019 - 09:33 AM
VST it's now in very oversold conditions. I'd be prepared for a bounce from here, could be a big bounce ............
Posted 02 October 2019 - 10:08 AM
I see now a possible 2848 today, from my previous target of 2875. And yes a huge rally coming out of this
Posted 02 October 2019 - 10:10 AM
Its always interesting how gaps are always filled eventually, I'd be surprised if they want to give up 2900 by the end of the day at the least.
Posted 02 October 2019 - 10:59 AM
OEX P/C is not yet low enough for me to call it a buy signal.. I average it out with high numbers of Equity and CBOE.. Both Equity and CBOE have satisfied the condition of the BUY, but 10-day OEX still needs to confirm... I've been on a border line buy for the last 2-days but it hasn't hit yet... Reliability of the signal is about 73%.... Signal is based upon Equity and CBOE ( 10-day P/C ) going higher while OEX P/C ( 10-day ) goes lower.... My short term ( leading indicators ) which give me a short term bounce ( i.e for the next 2 - 3 days ) are working toward a buy signals as well, but have not hit... I look at the signals during the evening so they are not intraday indicators....
Barry
Posted 02 October 2019 - 11:15 AM
LOD was in and I just went long SPX calls for a quick bounce tomorrow.............
Posted 02 October 2019 - 11:43 AM
My original call for today was SPX 2875/76
Posted 02 October 2019 - 12:37 PM
Let's see if someone will twitter something tonight as he usually does and the market may mount a big bounce from here .............
VST this is very likely a bottom. I'd not be surprised if today's down gap gets filled before anything else............
Edited by redfoliage2, 02 October 2019 - 12:42 PM.
Posted 02 October 2019 - 12:49 PM
Looks like my 2875 target was correct!