Posted by fredsaid on 27th of Jan 2023 at 03:53 pm
VWAP looks to be around 405.7 on SPY which is no longer 1:1 with
the SPX so can't say its 4057. We likely hit that rail from
Steve's parallelagram on Monday morning around 4105 and then have a
nice 2 or 3 day consolidation down. I agree with the
comments in the blog - there will be no soft landing and it will be
nasty and I do think it will be this year. Would love to see 50
basis points and it's what it required, if the SnP is above 4300 by
the Feb rate decision in a couple weeks - it could happen.
A long symmetric triangle on Monday or Tuesday under today's
highs that looks like a bull flag but will fail due to resistance,
will do the job of engineering a meeting between the two. Just one
idea from a previous episode of how this could be done!
I think that Matt's strong trend shallow pullbacks subsystem
should have triggered long on this relentless melt-up :( It
would have done better than myself in managing being in and out of
the positions!
Both mes system trades are in the dumper right now but next week
is Powell and a new month.
January is always looked at as the hint for the year but not
without taking a break - as you said let’s see
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ES system looking at a
Posted by focus175 on 27th of Jan 2023 at 04:01 pm
ES system looking at a potential 3rd entry today or did that sell off take it off the table?
I only bought 1 TQQQ
SPX 15 Updated View
Posted by fredsaid on 27th of Jan 2023 at 04:00 pm
I only bought 1 TQQQ contract for .57 cents ... looks like it was enough to flip the script lol.
Nearly 100 points on NQ
Well so much for a pull back... guess I'll buy ...
Posted by steve on 27th of Jan 2023 at 03:59 pm
Nearly 100 points on NQ
Lovely
SPX 15 Updated View
Posted by retirefire on 27th of Jan 2023 at 03:57 pm
Lovely
DIS tagged that 50 week MA pulled back some from it
Posted by matt on 27th of Jan 2023 at 03:55 pm
DIS - Chart Link-
SPX 15 Updated View
Posted by steve on 27th of Jan 2023 at 03:55 pm
$SPX - Chart Link - warned about chasing near pivot resistance
Booyah
Holy crap just looked at
Well so much for a pull back... guess I'll buy ...
Posted by fredsaid on 27th of Jan 2023 at 03:54 pm
Holy crap just looked at my other screen lol ... we need to re-test that large broken expanding diagonal we've been tracking for months.
VWAP looks to be around
Short term very far from VWAP
Posted by fredsaid on 27th of Jan 2023 at 03:53 pm
VWAP looks to be around 405.7 on SPY which is no longer 1:1 with the SPX so can't say its 4057. We likely hit that rail from Steve's parallelagram on Monday morning around 4105 and then have a nice 2 or 3 day consolidation down. I agree with the comments in the blog - there will be no soft landing and it will be nasty and I do think it will be this year. Would love to see 50 basis points and it's what it required, if the SnP is above 4300 by the Feb rate decision in a couple weeks - it could happen.
Damn nice fade into the
Well so much for a pull back... guess I'll buy ...
Posted by steve on 27th of Jan 2023 at 03:53 pm
Damn nice fade into the close
Fred hopefully I saved you
Well so much for a pull back... guess I'll buy ...
Posted by steve on 27th of Jan 2023 at 03:52 pm
Fred hopefully I saved you a few bucks - what we drinking tonight?
come to pappa
Short term very far from VWAP
Posted by retirefire on 27th of Jan 2023 at 03:51 pm
come to pappa
holding some June XBI calls
Posted by retirefire on 27th of Jan 2023 at 03:49 pm
holding some June XBI calls but not enough bio beef.
A long symmetric triangle on
Short term very far from VWAP
Posted by junkie on 27th of Jan 2023 at 03:47 pm
A long symmetric triangle on Monday or Tuesday under today's highs that looks like a bull flag but will fail due to resistance, will do the job of engineering a meeting between the two. Just one idea from a previous episode of how this could be done!
YES INDEED 4105 WAS A
Well so much for a pull back... guess I'll buy ...
Posted by steve on 27th of Jan 2023 at 03:46 pm
YES INDEED 4105 WAS A GOOD SPOT to PAUSE
SPX Daily
Posted by steve on 27th of Jan 2023 at 03:44 pm
$SPX - Chart Link- very simple annotations here (parallel lines)
Short term very far from
Posted by retirefire on 27th of Jan 2023 at 03:43 pm
Short term very far from VWAP
Me too
Both mes system trades are in the dumper right now ...
Posted by watcdy on 27th of Jan 2023 at 03:42 pm
Me too
I think that Matt's strong
Both mes system trades are in the dumper right now ...
Posted by junkie on 27th of Jan 2023 at 03:41 pm
I think that Matt's strong trend shallow pullbacks subsystem should have triggered long on this relentless melt-up :( It would have done better than myself in managing being in and out of the positions!
John Murphy on Stockcharts is
Posted by rbreese on 27th of Jan 2023 at 03:39 pm
John Murphy on Stockcharts is encouraged by the market action. It is available by members of stockcharts.
Both mes system trades are
Posted by watcdy on 27th of Jan 2023 at 03:38 pm
Both mes system trades are in the dumper right now but next week is Powell and a new month.
January is always looked at as the hint for the year but not without taking a break - as you said let’s see