The next three days should see a massive short covering rally, a low on Monday and a final high on Tuesday next week. The last 3 days saw an irregular low x of Y. Now comes y of Y. I'm looking for the upper 4400's by Friday and around 4512-19 by Tuesday next week. Monday next week should be a 4 TD low pull back.
15 replies to this topic
#1
blustar
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blustar
#2
pdx5
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I want return OF my money more than return ON my money
Posted 26 September 2023 - 02:51 PM
Wear thick leather gloves to catch falling knives.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#3
slupert
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Posted 26 September 2023 - 02:55 PM
The next three days should see a massive short covering rally, a low on Monday and a final high on Tuesday next week. The last 3 days saw an irregular low x of Y. Now comes y of Y. I'm looking for the upper 4400's by Friday and around 4512-19 by Tuesday next week. Monday next week should be a 4 TD low pull back.
remember the 2009 Spx low? 666 todays NQ low 14666.25
#4
qqqqtrdr
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Posted 26 September 2023 - 05:29 PM
Put/Call is bullish, Full Moon arising, I agree it is bullish.
#5
cycletimer
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Posted 26 September 2023 - 05:55 PM
I bought $SPX Oct 20th (at-the-money) 4275 calls about one min. before the close, at 2:59 pm cst. for the same reason. I am BULLISH for next day or two. I can see the case for a 50-75 pt. rally.
#6
blustar
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blustar
Posted 27 September 2023 - 08:32 AM
We are entering the third of the third, the [y] wave of Y of "B" into late Friday (although we could see an irregular top later on like we saw late Monday this week). The maximum I see now is 4505 for Friday with the minimum likely being around 4498 SPX.
Edited by blustar, 27 September 2023 - 08:33 AM.
#7
12SPX
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Posted 27 September 2023 - 10:14 AM
I bought $SPX Oct 20th (at-the-money) 4275 calls about one min. before the close, at 2:59 pm cst. for the same reason. I am BULLISH for next day or two. I can see the case for a 50-75 pt. rally.
Love it when people actually put up their trades, always easy to talk about after the fact and claim they called it lol!! Good possibility of a good rally going into a month end as were down so much...
#8
q4wer
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Posted 27 September 2023 - 11:02 AM
good call for the bullish run in the AM, only need to take profit immediately at open.
#9
cycletimer
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Posted 27 September 2023 - 08:01 PM
My Synopsis, Sold out of my calls at the open. Sold out of my $ZROZ for a nice 8% loss (I'm being facetious)....Rebought $SPX. calls one minute before today's close in size. Tomorrow either makes a windfall or it'll be painful.
#10
cycletimer
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Posted 27 September 2023 - 08:05 PM
I bought $SPX Oct 20th (at-the-money) 4275 calls about one min. before the close, at 2:59 pm cst. for the same reason. I am BULLISH for next day or two. I can see the case for a 50-75 pt. rally.
Love it when people actually put up their trades, always easy to talk about after the fact and claim they called it lol!! Good possibility of a good rally going into a month end as were down so much...
Thanks but that was an overnight trade and it didn't profit very much. Today I did same thing at 2:59 pm cst. I bought three separate $SPX calls. I bought the Oct 20th 4270 calls, the Oct 20th 4290 calls and the Oct 2nd 4275 calls. I do believe tomorrow will be a ramp UP day and I placed a great deal of my capital on this, this was a big size for me, admittedly too big (total outlay was $113k).
