44 replies to this topic

[redfoliage2]

It looks those in control are holding up here. Its likely a bounce coming as soon as tomorrow .

Edited by redfoliage2, 31 August 2026 - 11:56 AM.

[redfoliage2]

With the August month ending I see only minimal selling here, that is bullish for the stock market going into September

Edited by redfoliage2, 31 August 2026 - 12:28 PM.

[12SPX]

Whoops never hit post yesterday and then never came back lol!!  Had sold the 7750 calls Sunday night for $5 and then with the cash open sold the 7650 puts for $3.20 and in the end bought them back for a profit in the final hour of $8 total.  This morning waking up to bond yields way higher and futures way down so we sold the daily 7600 puts for $3.50.  Waiting for the cash open to sell more or maybe go a little higher as volatility increases!!  Welcome to September.....

[redfoliage2]

The stock market was hit hard today as the geopolitical tensions between US and Iran spiked following weekend strikes where U.S. forces hit Iranian rocket launchers and Tehran retaliated against U.S. bases. Fresh warnings from President Trump that the U.S. will hit Iran "hard" have further spooked global markets. Crude oil prices up nearly 3% overnight. Lets see if key support SPX 30 DMA can sustain

Edited by redfoliage2, 01 September 2026 - 09:16 AM.

[redfoliage2]

If SPX 30 dma unable to hold, I see likely another 100 spx points down below..

[redfoliage2]

If SPX 30 dma unable to hold, I see likely another 100 spx points down below..

[redfoliage2]

The market barely held at the spx 30 dma at the close yesterday. Lets see if it can survive at the close today

Edited by redfoliage2, 02 September 2026 - 08:12 AM.

[redfoliage2]

The market barely held at the spx 30 dma at the close yesterday. Lets see if it can survive at the close today

[redfoliage2]

Likely a dead cat bounce as the Sept curse still in early stage. I see before Sept 16 bounces are likely to be sold.

Edited by redfoliage2, 02 September 2026 - 09:25 AM.

[12SPX]

I keep forgetting to hit post so I'll change it now lol!!  This morning I sold the daily 7590 puts for $5 and took profits early on for $4.50 and with the recent pop I sold the daily 7680 calls for $4.65.  Might have to take them off early mind you as we have now blown through 7680 so we'll see how it goes here in the next couple hours