SO on SPX daily are

    Posted by retirefire on 13th of Mar 2020 at 02:41 pm

    SO on SPX daily are we building the doji candle we are looking for, and then a trigger? Hope I'm not to ignorant asking.

    Looks like a diamond pattern

    Posted by timsufo on 13th of Mar 2020 at 02:47 pm

    Looks like a diamond pattern on my 10 min chart

    yep looks like it

    Posted by matt on 13th of Mar 2020 at 02:52 pm

    yep looks like it

    no dumb questions (mostly LOL).

    Posted by matt on 13th of Mar 2020 at 02:45 pm

    no dumb questions (mostly LOL). yes we are forming a doji so far, it's also an inside day meaning the candle is inside yesterday's candle, though that's not hard considering yesterday was almost a 10% move. If it wasn't Friday I'd be much more excited about some bottoming action here.  However technically price maybe be trying chop out some sort of low. Will be interesting to see how traders act the last 1hr and into the close before the weekend. 

    I do think if someone avoided being long during this mess it's not a bad risk/reward to try a starter position long on the market.

    thanks Matt, also I notice

    Posted by retirefire on 13th of Mar 2020 at 03:04 pm

    thanks Matt, also I notice he SPY call options that I sold earlier are much lower in price even as SPX is higher. I didn't expect to see that.  MAY 15 296

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