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SPX 3333 was targeted by BAML and a thread here


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#1 Darris

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Posted 27 January 2020 - 06:05 AM

Printed 100 points down or 3% as we near the second day of trade from that 3333 price zone.  Break even for the year is near as well.  Crazy pattern the last 2 years with grinding up seemingly forever and then the inevitable elevator drop down when the computers join the sell side.  



#2 OEXCHAOS

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    Mark S. Young

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Posted 27 January 2020 - 01:08 PM

Frustrating.

 

But typical, I guess.

 

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#3 LMF

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Posted 27 January 2020 - 01:28 PM

3x leverage on TQQQ......its good to keep track of what I call the daily range, the delta between the days pivot and the open. I had seen as much as 4.90 November 2018. Above about 3.00 and Im thinking the MM guys are out of control. Today was just a tad bit higher on the scale at 7.60. Hey hey hey.......can we go for double digits next...,.,

#4 LMF

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Posted 27 January 2020 - 01:32 PM

If it was up to me I would be thinking big gap up open tomorrow to set another bullish island on the daily chart. Like back on Dec 3. The bears end up getting the business big time......