Member
Posted 03 October 2019 - 08:04 AM
From the link:
SPY is at a level it rarely sees, five times actually since May, and each time signaled at least a bounce if not tomorrow (Thursday), soon…
Given that SPY is a broad measure of the general market and a big-money index, when it bounces it will take most of the market with it so it might be prudent for swing-trading shorts to tighten stops or take some profits here.
For more , like the 3x-leveraged ETFs especially:
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
Member
Posted 03 October 2019 - 11:46 AM
looks like you are getting that bounce
Member
Posted 03 October 2019 - 04:07 PM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
Member
Posted 04 October 2019 - 03:51 PM
From the link:
SPY is at a level it rarely sees, five times actually since May, and each time signaled at least a bounce if not tomorrow (Thursday), soon…
Given that SPY is a broad measure of the general market and a big-money index, when it bounces it will take most of the market with it so it might be prudent for swing-trading shorts to tighten stops or take some profits here.
For more , like the 3x-leveraged ETFs especially:
For Friday as the bounce continues:
SPY OPTIONS - day trading calls
Have a good weekend.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
Member
Posted 06 October 2019 - 06:16 PM
what is yr trigger?
Member
Posted 08 October 2019 - 03:41 PM
what is yr trigger?
Triggers are up to the individual trader but I will say this...most of the time, the day's open is important. Study the blog if you are so interested.
Good luck and good trading.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
Member
Posted 08 October 2019 - 03:43 PM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
