Possibly, but /TF took out overnight low & has only spent 1m
above POC. May need a retest of lows before more meaningful bounce;
still selling at key levels.
Another run at the /TF POC with immediate selloff. The fight is
here for the day - between 1052 - 1962 with fakeouts possible +/- 5
points. The longer there's no breakdown, things get slightly more
bullish (accepting price over time at a higher level than
yesterday), but watch for a clear, convincing breakout either
way.
Looking ahead, if this inter-index picture holds up, it will
mark another positive divergence by the RUT putting in a higher
low. Maybe it needs a few of these to get something bigger going
for a retrace.
Bought back remaining TNA put credit spreads here. Will be
looking to sell call credit spreads on IWM or TNA at a logical
level. A big bounce would be a gift.
1080's a good starting point - sold some Nov 64-65 TNA call
credit spreads for $.31 = 69% probability of profit. Will cover at
$0.10-15. Will sell higher spreads on bigger ramps with 36 days to
play out.
looked like a panic attack (aka puking session) in the
first 15 minutes. long bond spiked 5points and 10yr went under 2%.
with the spx down ~32. most of europe off ~3% as i write. wonder if
the lows of the day are in? with a possible higher low later today?
we shall see. good trading....
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RUT took back more than 50% of 15m down candle.
Posted by disciple33 on 15th of Oct 2014 at 09:54 am
Maybe portends bigger rebound
Possibly, but /TF took out
Posted by a_l_ on 15th of Oct 2014 at 10:23 am
Possibly, but /TF took out overnight low & has only spent 1m above POC. May need a retest of lows before more meaningful bounce; still selling at key levels.
Another run at the /TF
Posted by a_l_ on 15th of Oct 2014 at 11:17 am
Another run at the /TF POC with immediate selloff. The fight is here for the day - between 1052 - 1962 with fakeouts possible +/- 5 points. The longer there's no breakdown, things get slightly more bullish (accepting price over time at a higher level than yesterday), but watch for a clear, convincing breakout either way.
Slow bleed down not bullish.
Posted by a_l_ on 15th of Oct 2014 at 12:58 pm
Slow bleed down not bullish. Short-term support level just below.
Looking ahead, if this inter-index
Posted by a_l_ on 15th of Oct 2014 at 01:49 pm
Looking ahead, if this inter-index picture holds up, it will mark another positive divergence by the RUT putting in a higher low. Maybe it needs a few of these to get something bigger going for a retrace.
Dang - clearly didn't need
Posted by a_l_ on 15th of Oct 2014 at 03:39 pm
Dang - clearly didn't need to wait - already had put credit spreads on TNA close at 60% ROC in an hour.
Bought back remaining TNA put
Posted by a_l_ on 16th of Oct 2014 at 11:15 am
Bought back remaining TNA put credit spreads here. Will be looking to sell call credit spreads on IWM or TNA at a logical level. A big bounce would be a gift.
1080's a good starting point
Posted by a_l_ on 16th of Oct 2014 at 11:28 am
1080's a good starting point - sold some Nov 64-65 TNA call credit spreads for $.31 = 69% probability of profit. Will cover at $0.10-15. Will sell higher spreads on bigger ramps with 36 days to play out.
If /TF can get above
Posted by a_l_ on 15th of Oct 2014 at 10:25 am
If /TF can get above 1065 & hold, then there may be a good long for the day.
is that it?
Posted by hazbin1 on 15th of Oct 2014 at 09:57 am
looked like a panic attack (aka puking session) in the first 15 minutes. long bond spiked 5points and 10yr went under 2%. with the spx down ~32. most of europe off ~3% as i write. wonder if the lows of the day are in? with a possible higher low later today? we shall see. good trading....