SPX 1 hr close up

    Posted by matt on 25th of Apr 2022 at 12:19 pm

    $SPX - Chart Link- focuses on candles price action and bollinger bands, note the doji candlesticks, two completed ones and working on a possible 3rd. One aggressive long trigger could be taking out the high of the previous doji with a stop at the lows

    Update: SPX 1 hr close up

    Posted by matt on 25th of Apr 2022 at 01:12 pm

    $SPX - Chart Link- updated view of the 1hr posted earlier, would have triggered

    4,255s current high of day

    Posted by fundamentalvalues on 25th of Apr 2022 at 01:19 pm

    4,255s current high of day then 4,271 gap are next areas to watch for the rally to start. 

    Remember that the best days in the market happen within 30 days of the worst days, often sooner than that. 

    both levels achieved and moving

    Posted by fundamentalvalues on 25th of Apr 2022 at 03:33 pm

    both levels achieved and moving higher. Typical story , the markets show what often happens in life, a lack of perspective. I mentioned this morning the large put buying and to look at rydex bear funds again as it was getting too stretched. Then I mentioned buying trading inventory at 4,200 support. 

    We were just going to automatically go down to 4,000 right? Not how it works

    Selling looks to be drying

    Posted by fundamentalvalues on 25th of Apr 2022 at 12:23 pm

    Selling looks to be drying up and it looks like a rally as we head into tech earnings starting tomorrow. That would be strength that could be used to hedge or sell some things if someone isn't positioned correctly or that scared. Looking further out and having reasonable allocations solves a lot for me. I was a buyer at 4,200 for some trading inventory. 

    If I’m not being too

    Posted by watcdy on 25th of Apr 2022 at 01:09 pm

    If I’m not being too personal how are you handling that purchase spy options the full Es or the E-mini  or some other ?

    for trades like that I

    Posted by matt on 25th of Apr 2022 at 01:11 pm

    for trades like that I just trade the ETF or MES

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