Jump to content



Photo

Markets on the edge: IT PMO SELL Signal on SPY


  • Please log in to reply
106 replies to this topic

#21 12SPX

12SPX

    Member

  • Traders-Talk User
  • 4,039 posts

Posted 22 March 2021 - 02:55 PM

Easy to say when its up and in the final hour lol! 



#22 12SPX

12SPX

    Member

  • Traders-Talk User
  • 4,039 posts

Posted 22 March 2021 - 02:59 PM

Added to the April 4050 call sells bringing the average to $15.25, 4100 $7.25! 


Edited by 12SPX, 22 March 2021 - 03:00 PM.


#23 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 14,276 posts

Posted 22 March 2021 - 03:07 PM

Easy to say when its up and in the final hour lol! 

I did say Monday would be an up day last Friday when it's down.  But not a big deal since we are still in the bull market and it's easy to tell .......................


Edited by redfoliage2, 22 March 2021 - 03:10 PM.


#24 pdx5

pdx5

    I want return OF my money more than return ON my money

  • Traders-Talk User
  • 7,808 posts

Posted 22 March 2021 - 03:13 PM

 

Easy to say when its up and in the final hour lol! 

I did say Monday would be an up day last Friday when it's down.  But not a big deal since we are still in the bull market and it's easy to tell .......................

 

Good call Redfoliage. Your feel for the market is to be applauded.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#25 12SPX

12SPX

    Member

  • Traders-Talk User
  • 4,039 posts

Posted 22 March 2021 - 04:12 PM

 

Easy to say when its up and in the final hour lol! 

I did say Monday would be an up day last Friday when it's down.  But not a big deal since we are still in the bull market and it's easy to tell .......................

 

I was kidding jabbing at ya anyhow lol!!  You were right about that except you also said it would be at 4000 Friday whereas I said it would be tough to get there last Monday lol.  No ones ever right all the time for sure and that's why I just sell option premium.  Had a nice gain today but in the end the 4050's were only up $.50 and the 4100's down on the day!  



#26 beta

beta

    lasergirl

  • TT Patron+
  • 3,806 posts

Posted 22 March 2021 - 04:29 PM

$BTC and cryptos on a confirmed SELL.   High 20's now in sight. 


"Daytrading -- An Extreme Sport !"

#27 redfoliage2

redfoliage2

    Member

  • Traders-Talk User
  • 14,276 posts

Posted 22 March 2021 - 04:54 PM

 

Easy to say when its up and in the final hour lol! 

I did say Monday would be an up day last Friday when it's down.  But not a big deal since we are still in the bull market and it's easy to tell .......................
 
Good call Redfoliage. Your feel for the market is to be applauded.

Thanks Pdx5 for your objective opinion.

#28 beta

beta

    lasergirl

  • TT Patron+
  • 3,806 posts

Posted 22 March 2021 - 05:13 PM

$BTC and cryptos on a confirmed SELL.   High 20's now in sight. 

 

$BTC:$SPX ratio shows both markets have peaked.   Weekly oscillator on SELL.  SPX should retest March 2020 lows


Edited by beta, 22 March 2021 - 05:14 PM.

"Daytrading -- An Extreme Sport !"

#29 12SPX

12SPX

    Member

  • Traders-Talk User
  • 4,039 posts

Posted 22 March 2021 - 05:27 PM

 

$BTC and cryptos on a confirmed SELL.   High 20's now in sight. 

 

$BTC:$SPX ratio shows both markets have peaked.   Weekly oscillator on SELL.  SPX should retest March 2020 lows

 

Interesting, I've been shorting bitcoin for a while now only going in and out, debating putting on a profit stop now!  How low do you think it could go?



#30 12SPX

12SPX

    Member

  • Traders-Talk User
  • 4,039 posts

Posted 22 March 2021 - 05:27 PM

I mean bitcoin btw!