Posted by patellee on 15th of Sep 2023 at 01:33 pm
As expected, OpEx fireworks today and unfortunately, not seeing
a clear bottom here on ES. Last night we saw the top of the
wedge rejected and today we saw the bottom of the wedge clearly
broken. Not a good sign. If we lose 4492 today then the
next support is around 4466, 4410, and then look out below.
There are some A's showing up on the hourly and 15m SPX but
my sense is the bulls are all out of energy. What are other's
seeing?
Posted by DigiNomad on 15th of Sep 2023 at 01:39 pm
Music to my ears. Got very short near the top of the triangle
last night. It's about time I nailed one. Had a rough
beginning of the summer but clawed it all back and then some. I was
balanced going in to yesterday, but then shifted to the negative
delta side at the close and overnight. Shifting back to
balanced now as I think Steve is right about OPEX not typically a
trend day.
Posted by DigiNomad on 15th of Sep 2023 at 01:44 pm
This same thing happened last time we had a reversal day - the
overnight action tells the full story (levels touched that don't
show up on a chart if you don't show extended hours trading).
Didn't take the time to clean this up for posting, but it
shows how the overnight achieved targets not achieved during
regular trading hours. We broke the 1st triangle pattern but still
have the larger one below.
Yes ES moved right into resistance (tagged trendline as shown
yesterday and earlier today). Last night I even mentioned a bull
trap (failed breakout) similar to Aug 23/24 with SPX in SUPPLY.
The action started just before the open - as OPEX reared
into gear
One other tidbit, as I was wrapping up my work last night, I
heard Cramer cocky as hell on how things were so bullish at the
close - just another reason to get a smackdown on OPEX. I
hope my comments last night prevented some hurt from those who were
all bulled up yesterday.
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As expected, OpEx fireworks today
Posted by patellee on 15th of Sep 2023 at 01:33 pm
As expected, OpEx fireworks today and unfortunately, not seeing a clear bottom here on ES. Last night we saw the top of the wedge rejected and today we saw the bottom of the wedge clearly broken. Not a good sign. If we lose 4492 today then the next support is around 4466, 4410, and then look out below. There are some A's showing up on the hourly and 15m SPX but my sense is the bulls are all out of energy. What are other's seeing?
Music to my ears. Got
Posted by DigiNomad on 15th of Sep 2023 at 01:39 pm
Music to my ears. Got very short near the top of the triangle last night. It's about time I nailed one. Had a rough beginning of the summer but clawed it all back and then some. I was balanced going in to yesterday, but then shifted to the negative delta side at the close and overnight. Shifting back to balanced now as I think Steve is right about OPEX not typically a trend day.
This same thing happened last
Posted by DigiNomad on 15th of Sep 2023 at 01:44 pm
This same thing happened last time we had a reversal day - the overnight action tells the full story (levels touched that don't show up on a chart if you don't show extended hours trading).
Didn't take the time to clean this up for posting, but it shows how the overnight achieved targets not achieved during regular trading hours. We broke the 1st triangle pattern but still have the larger one below.
Yes ES moved right into
Posted by steve on 15th of Sep 2023 at 01:49 pm
Yes ES moved right into resistance (tagged trendline as shown yesterday and earlier today). Last night I even mentioned a bull trap (failed breakout) similar to Aug 23/24 with SPX in SUPPLY. The action started just before the open - as OPEX reared into gear
One other tidbit, as I was wrapping up my work last night, I heard Cramer cocky as hell on how things were so bullish at the close - just another reason to get a smackdown on OPEX. I hope my comments last night prevented some hurt from those who were all bulled up yesterday.