116 replies to this topic

[K Wave]

SPX winding it up.....should see decision soon that may determine rest of today...

[andr99]

https://i.postimg.cc.../spxpattern.png

 

same spx pattern repeated over and over again........the correction, if we have one, might be even less than expected, the spx might find a bottom at 2900, 50 points above expected 2850...........IF and only If it decides to correct

Edited by andr99, 03 June 2020 - 12:05 PM.

[K Wave]

Taper tantrum imminent?

 

So far, no sign of it...but seems like fuel is getting a bit on low side...

 

https://www.zerohedg...duled-treasurys

 

[K Wave]

So far just looking like a nice bull flag on SPX...

 

If 3112 goes by the wayside may try short side again...

[12SPX]

K your convincing me, average now 3105 lol!!  Think I'll hold this one though with a stop on the upside until we get a decent break!  See how we end the day here!  My call option sells aren't rising as much in price but we'll know more there by Friday with only 10 trading days left then.  Got an average sell on my June 3120's at $40 now and 3150's $29!! 

[K Wave]

SPX one more crack at 3112...let's if they can break it and make it stick

[K Wave]

SPX one more crack at 3112...let's if they can break it and make it stick

Nope...looks like big pivot set there now...

[andr99]

https://i.postimg.cc...ofamerica7b.png

 

guys are you looking at financials........above it' s bank of america, same rising channel as most european financials, dax etc.etc. 

currently close to upper band here too, maybe some sort of correction is needed here. If financials break up that rising channel........then nothing can stop the spx, we're going to rise parabolically

Edited by andr99, 03 June 2020 - 01:20 PM.

[12SPX]

https://i.postimg.cc...ofamerica7b.png

 

guys are you looking at financials........above it' s bank of america, same rising channel as most european financials, dax etc.etc. 

currently close to upper band here too, maybe some sort of correction is needed here. If financials break up that rising channel........then nothing can stop the spx, we're going to rise parabolically

Looks interesting but to me everything else is starting to look tired to me so the move up should slow at least until we get a bit of a pullback! 

[andr99]

 

https://i.postimg.cc...ofamerica7b.png

 

guys are you looking at financials........above it' s bank of america, same rising channel as most european financials, dax etc.etc. 

currently close to upper band here too, maybe some sort of correction is needed here. If financials break up that rising channel........then nothing can stop the spx, we're going to rise parabolically

Looks interesting but to me everything else is starting to look tired to me so the move up should slow at least until we get a bit of a pullback! 

 

 

 

it would be nice to have a pull back, it would be a nice oppurtunity to add to long positions

Edited by andr99, 03 June 2020 - 01:28 PM.