I have added a lot of SPY puts in the past couple of hours since
we hit about 4378. I intend to hold overnight because I expect
about a 100 point drop. PLEASE tell me if you think that
inadvisable or if it is a reasonable idea. I know nobody has a
crystal ball, so I don’t expect perfection. My thinking is that the
market makers want me to sell my Puts.
Hi, Matt. I looked up the Fibs and I am more confused. Not being
an a$$, just confused! It looks like on this chart we have
already surpassed the 0.618 Fib?? Please clarify where you think we
might be headed? And if I have the wrong Fib, please
straighten me out! I REALLY do appreciate all you and Steve
do to help us out!
Posted by timebandit on 25th of Feb 2022 at 04:38 pm
That picture you shared in your post is a 15-minute chart with a
fib series from the high on Feb 17. Steve posted a 30-minute chart
today with a fib series from the high on Feb. 10 (snapshot below).
That Feb. 10 high was higher, so the 0.618 fib woiuld be higher as
well.
I have added a lot
SPX 30 Updated View
Posted by mdgfain on 25th of Feb 2022 at 03:44 pm
I have added a lot of SPY puts in the past couple of hours since we hit about 4378. I intend to hold overnight because I expect about a 100 point drop. PLEASE tell me if you think that inadvisable or if it is a reasonable idea. I know nobody has a crystal ball, so I don’t expect perfection. My thinking is that the market makers want me to sell my Puts.
SPY Puts - I'm holding
Posted by elementsix on 25th of Feb 2022 at 03:57 pm
SPY Puts - I'm holding OOTM Spy Puts to hedge against any negative news over the weekend but I would not say I am heavily biased to the downside here.
IDK man, other than the
Posted by matt on 25th of Feb 2022 at 03:53 pm
IDK man, other than the weekend, I could also see it pushing up to that 61.8 fib as well
one thing we NOW need to watch is the Breadth Thrust indicator on this move up
Hi, Matt. I looked up
Posted by mdgfain on 25th of Feb 2022 at 04:29 pm
Hi, Matt. I looked up the Fibs and I am more confused. Not being an a$$, just confused! It looks like on this chart we have already surpassed the 0.618 Fib?? Please clarify where you think we might be headed? And if I have the wrong Fib, please straighten me out! I REALLY do appreciate all you and Steve do to help us out!
That picture you shared in
Posted by timebandit on 25th of Feb 2022 at 04:38 pm
That picture you shared in your post is a 15-minute chart with a fib series from the high on Feb 17. Steve posted a 30-minute chart today with a fib series from the high on Feb. 10 (snapshot below). That Feb. 10 high was higher, so the 0.618 fib woiuld be higher as well.
Thanks so much timebandit!
Posted by mdgfain on 25th of Feb 2022 at 04:57 pm
Thanks so much timebandit!
Thanks, Matt! So, about 4425
Posted by mdgfain on 25th of Feb 2022 at 03:58 pm
Thanks, Matt! So, about 4425 next target? I can’t find the fib that fast.