3309 Drysdale Ct
Edwardsville, IL 62025
Well futures are already 2866, so they've effectively gapped
past all the, island top, and divergences that were forming (wedge
etc.) maybe this will fill the 289 Gap, and hit the 0.618 fib
retracement and we can be done with this ripper of counter
trend.....other wise I guess we are looking at new highs...I mean
why not right?
I've had the same question. Is it when the BPT MA dlx.
turns green? I understand the DVT stops, just not the entry
I've bought 276 and sold 280 and covered 276 today :) ...
Perhaps best to sit the rest of the day out, I'm not smart enough
to be right a fourth time.
I understand the theory, but what is the practice? keeping
the market rangebound? is the theory that the market makers
are predominantly option sellers, so they want no net movement?
spy has bounced off 276 so many times, and there is such a void
below...could get vicious on the down break.
Could anyone recommend where I can get the Delta of an option?
It is not calculated in IB brokers, nor on the Yahoo finance
page (nice options sheets otherwise)
I have a suspicion 280 is the target today on the SPY, would
super frustrate the bears
very subtle triangle setting up on SPY 5 min..
Hi Matt, I see it is rare in the SPY systems, but there is the
occasional 3rd entry. Any chance the system is close to
taking a third? Additionally your comments on the strategy if
we hit the .618 fib regardless. I know we can all expect a
pullback, but the market has a habit of frustrating us...at the
same time, I can't really see it going back to the prior highs in
the near term.
rising wedges on gold and silver, on the hourly charts.
add the USD.CAD symbol, and then just buy it, should take your
CDN funds to do it.
I think I might have to stop myself from day trading SPXU.
Matt is great at it but it will gap up or down each open, so
no overnight holds, and then when I think it will go somewhere it
will range for the afternoon. stopping me at each inflection point
of the triangle. Lol. Anyone else have a stock that
just seems to have your number?
Agree, and thank you for the idea. Timing is always tricky
though. SLV first declined from $19.67 to $9.58 before taking
off in 2008. I guess it caught up in the declines. One
could say that this time as well, but that things are happening so
much faster. Normally corrective waves to retrace 50% of a
huge crash are 8 weeks, this time we were two...so maybe we already
had our crash in gold and silver. Gold stocks did break out,
maybe if they continue to lead, you are correct.
I do love gold as an asset, but if we have a crash resumption
here, this could play out. Overbought doji.
with the 50% retracement on the daily, divergence all noted
below, rising wedge, SPY system taking 2 entries (maybe a 3rd today
I saw mentioned) sure seems time to be cautious. Appreciate
all the guidance and thoughts here. Curious on thoughts of
when gold, gold stocks might de-couple from the market. Seems
in prior crashes it went along (down) but then recovered
Hi Matt, is the SPY system setting up for a second entry today?
SPY breakdown would take it to 240 which would be a 50%
retracement of the up-move. Thoughts?
appears the lowest retest of the pattern would be around 1450.
I will note that Larry Williams keeps cycle projections on
gold and predicted this bounce from the lows, and then shows a
correction down into the summer roughly before re-continuing upward
strongly into the year end.
thx. Goldnice, really appreciate the chart.
will obviously resolve tomorrow.
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