Posted by chartboy on 21st of Dec 2018 at 02:44 pm
Matt....As it is unlikely a low is found here without another
meaningful flush lower. Would the SPY system add its third position
if we closed below today's lows?
VIX is still muted. I honestly don't know what it's gonna
take for it to spike - maybe a nuclear bomb going off in NY would
do it, bad joke I know, but jeez it just keeps having a very muted
reaction.
Seems like the market either needs a flush and intra day
reversal, or some sort of positive news (of which there is none at
all lately).
Yes system looking to take 3rd entry today, again keep all this
in mind. One could also do some puts as well. I've been
holding some puts to help offset.
Posted by McFly1985 on 21st of Dec 2018 at 03:00 pm
I bet that if someone here was to buy a bunch of short-term
calls and declare the decline to be over, we'd immediately get the
final sell-off. Volunteers, anyone? :p
Posted by chartboy on 21st of Dec 2018 at 02:58 pm
Feels like OP Ex has its foot on everyone's head. The most
frustrating outcome to most would be a weak close in here, then a
bounce back up into overhead resistance next week. That would
prevent things from flushing out now and keep the market set for a
more consistent downtrend, which would be typical of a bear
market.
lots money going to be made on a short squeeze and its
coming..gold down as dollar up so craaammmer on gold now hmmm horse
left the barn weeks ago haha!
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Matt....As it is unlikely a
Posted by chartboy on 21st of Dec 2018 at 02:44 pm
Matt....As it is unlikely a low is found here without another meaningful flush lower. Would the SPY system add its third position if we closed below today's lows?
VIX is still muted. I
Posted by matt on 21st of Dec 2018 at 02:50 pm
VIX is still muted. I honestly don't know what it's gonna take for it to spike - maybe a nuclear bomb going off in NY would do it, bad joke I know, but jeez it just keeps having a very muted reaction.
Seems like the market either needs a flush and intra day reversal, or some sort of positive news (of which there is none at all lately).
Yes system looking to take 3rd entry today, again keep all this in mind. One could also do some puts as well. I've been holding some puts to help offset.
I bet that if someone
Posted by McFly1985 on 21st of Dec 2018 at 03:00 pm
I bet that if someone here was to buy a bunch of short-term calls and declare the decline to be over, we'd immediately get the final sell-off. Volunteers, anyone? :p
Feels like OP Ex has
Posted by chartboy on 21st of Dec 2018 at 02:58 pm
Feels like OP Ex has its foot on everyone's head. The most frustrating outcome to most would be a weak close in here, then a bounce back up into overhead resistance next week. That would prevent things from flushing out now and keep the market set for a more consistent downtrend, which would be typical of a bear market.
lots money going to be
Posted by RP on 21st of Dec 2018 at 03:01 pm
lots money going to be made on a short squeeze and its coming..gold down as dollar up so craaammmer on gold now hmmm horse left the barn weeks ago haha!