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Top Strategist Calling More Upside to Go


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#31 da_cheif

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Posted 15 September 2021 - 01:15 PM

top what??   675 ono.....snort



#32 redfoliage2

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Posted 16 September 2021 - 09:33 AM

The quadruple witching is to end by the end of the day and index/futures options are settled at the open tomorrow .......................



#33 12SPX

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Posted 16 September 2021 - 10:32 AM

All S&P 500 cash, stock and futures contracts, options expire with the first trade of each stock tomorrow morning!  Thank goodness this only happens quarterly, it is the stupidest method of an expiration ever in my view.....



#34 redfoliage2

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Posted 16 September 2021 - 10:41 AM

After they are settled the next OpEx cycle is likely to start with a bullish bias as usual as cash is still trash for the rich and institutions .......................

 

https://www.cnbc.com...do-with-it.html


Edited by redfoliage2, 16 September 2021 - 10:48 AM.


#35 redfoliage2

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Posted 16 September 2021 - 01:18 PM

Witching, witching, what a typical quadruple witching, but it's ending ...........................


Edited by redfoliage2, 16 September 2021 - 01:22 PM.


#36 redfoliage2

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Posted 16 September 2021 - 01:57 PM

 

Not sure I understand but it was hit while I was sleeping...

I meant you would have had bigger profit.  But still a good trade. 

BTW,  a Doji for SPX at the close today should mark the end of the Sept OpEx rout .......................

 

So finally some kind of a Doji today? > ^^^^^^^^^^


Edited by redfoliage2, 16 September 2021 - 02:07 PM.


#37 redfoliage2

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Posted 16 September 2021 - 08:12 PM

Update: By the close today the indicator for both SPX and NDX cumulative AD turning up first time in about two weeks.  I see a relieve rally is in the cards next week ....................


Edited by redfoliage2, 16 September 2021 - 08:21 PM.


#38 12SPX

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Posted 17 September 2021 - 08:18 AM

Another quiet Quad witch expiration but is up but far below www!  Got my fills overnight for an average long of 4454 but am still looking for a place for a short.  As were up before the open think I'll put a profit stop on at 4455 for the open...



#39 redfoliage2

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Posted 17 September 2021 - 08:44 AM

Now the new monthly OpEx cycle starts from here as the quad witching was over ...............................


Edited by redfoliage2, 17 September 2021 - 08:44 AM.


#40 12SPX

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Posted 17 September 2021 - 08:44 AM

Out for a 1 point profit but trying another long build at 4450, love my round numbers!!