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Option sell. ... Bear market rules up Monday down week


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#1 Dex

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Posted 13 September 2020 - 07:14 PM

https://www.optionst...m/weekly-charts
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#2 Darris

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Posted 13 September 2020 - 07:20 PM

Posted 05 April 2020 - 08:28 PM by Dex

Bear market rule - up on Mon ... down by Fri.



#3 redfoliage2

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Posted 13 September 2020 - 07:29 PM

This is not a bear market.



#4 Dex

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Posted 13 September 2020 - 07:42 PM

This is fearless forecasters.
This is not a bear market.


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#5 slupert

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Posted 14 September 2020 - 06:59 AM

Some of these people are on another planet, Monday is my ATM machine. .something like 23 out of the last 25 Mondays opened up green, higher than Friday.



#6 OEXCHAOS

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Posted 14 September 2020 - 08:46 AM

Looking at the Friday action, it sure looked bullish for today. Of course, we blew a transformer at around 3:00 on Friday, so I lost my trading platform until after 6. :/

 

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#7 K Wave

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Posted 14 September 2020 - 08:48 AM

This is not a bear market.

Until they break the MASSIVE pivot on Dow, which thus far is holding exactly as it should, I agree with you....just a sharp pullback at this point.

 

Now bulls have to step on the gas out of here and re-energize momo.

 

Friday reclaim of 27680 was first big sign that bulls wanted the ball back to me....as long as that level continues to hold, long bias is the way to go....

 

dji.png



#8 K Wave

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Posted 14 September 2020 - 08:51 AM

Trannies still holding up really well....just a couple hundred points from All Time High now.....could possibly get there today if bulls decide to step on the gas here....

 

They are very extended though, so using 11,200 as a warning level....



#9 K Wave

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Posted 14 September 2020 - 08:55 AM

RUT with floor reclaim at big round 1500....did not quite make it all the way back down to 1460 on the back test of support.

 

Now it is ALL about 1600....if bulls now go and retake that, it is OVER for bears.

 

Back below 1500 now would be big warning sign....with that floor recapture config, don't think that is in the cards here...this looks like re-launch day after the pull back.



#10 Dex

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Posted 15 September 2020 - 02:40 PM

Done for the week ... Possible
"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
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