98 replies to this topic

[redfoliage2]

Likely more pullback in the cards for next week .......................... 

 

Could be a Black Monday..................

Edited by redfoliage2, 20 March 2026 - 02:23 PM.

[redfoliage2]

The market was at a turning point yesterday for either a bullish reversal or entering into a 10% pullback, and Mr. Market chose the latter ........................... 

Edited by redfoliage2, 20 March 2026 - 02:41 PM.

[12SPX]

Yes that's what I love to hear, sounds like a lot of people are thinking the same way!!  Likely be way up Monday lol!!  

[redfoliage2]

Well, a Black Monday barely missed after reports that US had "great meetings, great conversations and hopes that within the next 5 days something very substantive can be arrived at for the end of hostilities."

 

Iran live updates: Trump says 'very good' Iran talks, hints at 'total resolution'

Edited by redfoliage2, 23 March 2026 - 08:03 AM.

[12SPX]

Shoot I keep forget to hit post lol!!  Oh well doesn't really matter!!  

 

Has been a fun evening trading.  I was anticipating a big down open with futures when they opened last night but instead was minor and we even touched positive before pulling back again.  I figured what the heck since prices were so inflated I sold the daily 6400 puts for $10 and have now taken profits for $7.50.  With Trumps "taco" which I just learned about and is so true were now up huge so I sold the daily 6740 calls for $8!  Going to be another fun day for sure especially because Iran said there have been no talks so the question is who is telling the truth.  All I know is one bomb launched by Iran and were likely to fill this opening gap up pretty fast.

[linrom1]

Shoot I keep forget to hit post lol!!  Oh well doesn't really matter!!  

 

Has been a fun evening trading.  I was anticipating a big down open with futures when they opened last night but instead was minor and we even touched positive before pulling back again.  I figured what the heck since prices were so inflated I sold the daily 6400 puts for $10 and have now taken profits for $7.50.  With Trumps "taco" which I just learned about and is so true were now up huge so I sold the daily 6740 calls for $8!  Going to be another fun day for sure especially because Iran said there have been no talks so the question is who is telling the truth.  All I know is one bomb launched by Iran and were likely to fill this opening gap up pretty fast.

I was surprised to see YM positive last night. The market doesn't believe Trump, but Dec WTI futures which are the next front month are already at $74.

[redfoliage2]

Technically ES reversed in the early morning from just above a major support with the news report, I don't think it's just coincidental.................................. 

Edited by redfoliage2, 23 March 2026 - 10:08 AM.

[linrom1]

DEC crude $72. Oh boy back $50s.

[redfoliage2]

I see this is a major bottom, and today's opening gap likely to stay ........................

Edited by redfoliage2, 23 March 2026 - 11:13 AM.

[redfoliage2]

But Iran denied talks with US:

Iran war live: Trump delays strikes on energy sites; Tehran denies US talks | US-Israel war on Iran News | Al Jazeera

 

I'm out as this smells fishy ............................

Edited by redfoliage2, 23 March 2026 - 01:52 PM.