Posted by DigiNomad on 28th of Feb 2024 at 03:44 pm
I would think the market needs to push lower and run some stop
levels to fuel the next leg higher. Would be way to easy if it just
rips higher from here. I can't be alone with my lottery
ticket upside positioning currently. It's been too obvious to
ignore for months now. It's gotta be rough as a market maker when
people are printing money buying calls calls and selling
puts...gotta put some fear into people at some point or their job
is very difficult.
SPX 15
Posted by steve on 28th of Feb 2024 at 03:09 pm
$SPX - Chart Link- has bear flag look ahead of PCE - coiled so monitor and respect any CLEAN break and hold (always possible for traps)
Steve on the 15 minute
Posted by DK on 28th of Feb 2024 at 03:11 pm
Steve on the 15 minute SPX chart you just posted is that triangle a possible wave 4?
Potential Wave B also (triangle
Posted by steve on 28th of Feb 2024 at 03:32 pm
Potential Wave B also (triangle or flag to form) - inside day on SPY today ahead of PCE Report tomorrow (that's the catalyst for movement)
I would think the market
Posted by DigiNomad on 28th of Feb 2024 at 03:44 pm
I would think the market needs to push lower and run some stop levels to fuel the next leg higher. Would be way to easy if it just rips higher from here. I can't be alone with my lottery ticket upside positioning currently. It's been too obvious to ignore for months now. It's gotta be rough as a market maker when people are printing money buying calls calls and selling puts...gotta put some fear into people at some point or their job is very difficult.
I think the beginning of
Posted by mastermind on 28th of Feb 2024 at 03:51 pm
I think the beginning of March is historically bullish, FWIW.
What period isn't historically bullish
Posted by DigiNomad on 28th of Feb 2024 at 04:00 pm
What period isn't historically bullish since the QE era began and purchasing power got destroyed?
Yellen has that portrait hanging
Posted by steve on 28th of Feb 2024 at 04:02 pm
Yellen has that portrait hanging on her wall