Member
Posted 18 March 2021 - 01:58 PM
holding for a gap up to 4050
Why not? For some reasons quarterly OpEx Fridays often go wild with shorts being scorched badly, and let's see if this will be the case tomorrow.............................
Looking at the quad witches of 2020, looks like they mainly gapped down but then basically created a morning star.
Member
Posted 18 March 2021 - 02:37 PM
This is painful to watch....
Oil getting crushed and will put downward pressure on the market. Many Commodity prices are falling today and stocks with it... This is normal for short term trading...
Short term we could be considered overbought by VIX and TRIN so a day or two sell-off has been in the cards... This appears to be it.
Medium term the market is still strong and should rise unless underlying fundamentals start to change.. At the moment I don't see it...
Member
Posted 18 March 2021 - 03:00 PM
This is a typical move for the OpEx tomorrow .................
I want return OF my money more than return ON my money
Posted 18 March 2021 - 03:07 PM
This is painful to watch....
Oil getting crushed and will put downward pressure on the market. Many Commodity prices are falling today and stocks with it... This is normal for short term trading...
Short term we could be considered overbought by VIX and TRIN so a day or two sell-off has been in the cards... This appears to be it.
Medium term the market is still strong and should rise unless underlying fundamentals start to change.. At the moment I don't see it...
if drops tomorrow, I would add to longs. Will I have the courage? IDK. Decide tomorrow. 
Member
Posted 19 March 2021 - 07:06 AM
holding for a gap up to 4050
cheif......you were down 22 points at the close yesterday. In this moment sp futures at 3913.88 so almost eight points recovered
forever and only a V-E-N-E-T-K-E-N - langbard
Member
Posted 19 March 2021 - 07:52 AM
holding for a gap up to 4050
cheif......you were down 22 points at the close yesterday. In this moment sp futures at 3913.88 so almost eight points recovered
The chief was saying March 11 "watch the sky 4050 es march or 4040 june coming.....a freebie" for expiration today but I've been saying all week we wouldn't see 4000 as these quad witch's have been sold of late. Guess my expiration cycle numbers were right after all but now were gonna be onto April so I'm excited to see what my calculations come out at we may still see his numbers,,,, or at least inbetween there lol!
I want return OF my money more than return ON my money
Posted 19 March 2021 - 08:48 AM
There are lots of capital gains in the markets from past 12 months. Those who bought in March-April 2020 are now going to be selling after 1 year holding period to pay lower tax rate for LT holding, me included. My guess is SP500 will have to wait past tax day to see 4000.
Member
Posted 21 March 2021 - 03:07 AM
holding for a gap up to 4050
Why not? For some reasons quarterly OpEx Fridays often go wild with shorts being scorched badly, and let's see if this will be the case tomorrow.............................
Looking at the quad witches of 2020, looks like they mainly gapped down but then basically created a morning star.
Just had to toot my own horn and say this is exactly what happened Friday except I meant hammerish type doji lol. If I had strictly stuck to this for anything tech, would have done even better, but I made a decent bit on the gap down part of my theory. I'm going to keep trading like this every quad witching until it changes.
