Ugh day! Long SPXU & BEKE lol So much for the 88%
chance of the down week following OpEx. That SPX ribbon on the 60
is soooooo wide and yet the buy programs just keep coming!
yep - ribbons are wide, they will eventually need to pull in but
otherwise was no trigger yet today for any shorts - and once price
gapped into that thin zone I showed from the TICK spikes - allowed
price to run up higher into that thin zone.
otherwise inta day there is some divergence to monitor now on a
30 min and 5 min SPX chart.
otherwise realize that today has been a trend day, and thus you
might simply get more of a sideways consolidation mid day vs much
of a pullback, then another push in the afternoon - that thin zone
still hasn't been filled
Ugh day! Long SPXU &
Posted by profmel on 19th of Oct 2021 at 11:51 am
Ugh day! Long SPXU & BEKE lol So much for the 88% chance of the down week following OpEx. That SPX ribbon on the 60 is soooooo wide and yet the buy programs just keep coming!
yep - ribbons are wide,
Posted by matt on 19th of Oct 2021 at 12:02 pm
yep - ribbons are wide, they will eventually need to pull in but otherwise was no trigger yet today for any shorts - and once price gapped into that thin zone I showed from the TICK spikes - allowed price to run up higher into that thin zone.
otherwise inta day there is some divergence to monitor now on a 30 min and 5 min SPX chart.
otherwise realize that today has been a trend day, and thus you might simply get more of a sideways consolidation mid day vs much of a pullback, then another push in the afternoon - that thin zone still hasn't been filled
Top of the thin zone
Posted by fredsaid on 19th of Oct 2021 at 12:57 pm
Top of the thin zone ?