Posted by DigiNomad on 18th of Apr 2024 at 12:21 pm
SPX 2m - looks like completed ABC (or we're in b of C?).
Internals still positive. It almost recycled back to touch session
VWAP...maybe it still will.
Posted by DigiNomad on 18th of Apr 2024 at 12:56 pm
Sliced right through session VWAP. Now at -1 sigma line.
My strategy for the BPT reversion to mean trades on the long
side (market downtrending) is to sell short dated SPX put spreads.
I have some expiring tomorrow and some Monday and Tuesday.
4960 is current line in the sand for me, but I have the rolls
teed up if the market gets anywhere near those levels (roll to 4920
expiring next Wednesday).
Internals still relatively positive. Until they flip, my
assumption is that the big boys are baiting in as many shorts as
they can before making a decent run higher.
Posted by DigiNomad on 18th of Apr 2024 at 12:25 pm
12? It's at 8 and they're about to have their revenue slashed by
40% (that's the historical average after halving). Holy
bejeezus. 12 would be awesome. BTC would probably be at like
140K if that happened.
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SPX 2m - looks like
SPX - internals confirming rally mode (even with the dump ...
Posted by DigiNomad on 18th of Apr 2024 at 12:21 pm
SPX 2m - looks like completed ABC (or we're in b of C?). Internals still positive. It almost recycled back to touch session VWAP...maybe it still will.
Sliced right through session VWAP.
Posted by DigiNomad on 18th of Apr 2024 at 12:56 pm
Sliced right through session VWAP. Now at -1 sigma line. My strategy for the BPT reversion to mean trades on the long side (market downtrending) is to sell short dated SPX put spreads. I have some expiring tomorrow and some Monday and Tuesday. 4960 is current line in the sand for me, but I have the rolls teed up if the market gets anywhere near those levels (roll to 4920 expiring next Wednesday).
Internals still relatively positive. Until they flip, my assumption is that the big boys are baiting in as many shorts as they can before making a decent run higher.
Looks like the SPX internals
Posted by mla127 on 18th of Apr 2024 at 01:02 pm
Looks like the SPX internals just had a small bowel movement I think ...
I still have VOLD at
Posted by DigiNomad on 18th of Apr 2024 at 01:03 pm
I still have VOLD at 1.75 (but not ramping higher) and and upward sloping ADL.
The 1.75 is NYSE. NQ is 2.2.
12? It's at 8 and
Posted by DigiNomad on 18th of Apr 2024 at 12:25 pm
12? It's at 8 and they're about to have their revenue slashed by 40% (that's the historical average after halving). Holy bejeezus. 12 would be awesome. BTC would probably be at like 140K if that happened.