The top of the implied move, based on the previous night's (Thursday) close, was 5635, and that is exactly where we saw resistance. So if you sold 5635/ 5645 bear call spread's with me on Friday then congratulations on the winning trade. And that level was also right in the middle of the down gap that we started the month with. This chart set up is from my video...
"Last Friday, we opened with a gap up in SPY, and from there, we pushed up into the gap created on the first trading day of September. Within that gap, we reached the top of the implied move at 563, which acted as resistance. After reaching that level, we pulled back slightly but still closed within the implied move and without closing out the gap from the first...
AMEX:SPY // Trading Range for 9.9.24 So, am I the only one that thinks this trading range looks SEXY?? 😅 I don’t even know what it is about it. Just the way the moving averages go through it, lol. Just looking at it as a momentum map - I’m guessing we close at 548 today ahead of inflation data tomorrow!! I don’t think we get above the 50DMA today, and it...
AMEX:SPY SP:SPX 30min 35EMA is still resistance here All of last week the 35 EMA was a clear resistance and today on the pipe we did see a push back there. Our next support level is at the four hour 200 moving average and the top of the inflation cap from last month where we saw the gap up right before PPI and CPI. About the 35 EMA we do have the 50 day moving...
Critical level here at the 30 minute two under moving average. It does look like we have the possibility to close within the implied move on the week which is at 410 but there is not a lot of strength here especially as we start the trading day. That 30 minute 200 removing average as resistance could possibly be the play here since that 35 EMA did cross underneath...
Absolutely HUGE range here in IWM. 207-217 is the implied move on the day and a dollar wider on Mondays contract. And look at that 50DMA/1hr 200MA block. My opinion is that we get pushed into that gap underneath - that island bottom gap that we made just shortly after that big drop last month. Wild first week. I don’t know how I’m going to play it until...
The 4hr 200MA just above us, the 1hr 200MA above that and the 30min 35EMA. Those are the only levels in today’s trading range. If that turns out to be resistance, or if we start with downward momentum the bottom of the implied move has a down gap and up gap to fill, and think that we’re going to fill that sooner than later. Happy Trading, y’all!!
All right, guys, tomorrow we have the unemployment rate in premarket, as well as the hourly wages report. As of now, we're right in the gap that opened when the consumer spending data was released last month, sitting at the 50-day moving average. Momentum from premarket reports will be huge. Directly above us, we have the 35 EMA, which has been resistance for the...
All right, guys, tomorrow we have the unemployment rate in premarket, as well as the hourly wages report. As of now, we're right in the gap that opened when the consumer spending data was released last month, sitting at the 50-day moving average . Momentum from premarket reports will be huge. Directly above us, we have the 35 EMA, which has been resistance for...
Tomorrow's Trading range is so interesting!! Welcome back, volatility... welcome back!!
The 50Day MA is the level we are trying to hold. We saw a bounce there to end the day yesterday, and a bounce there today when we dropped at open. The momentum there is not strong, look at the angle of the 50DMA. Sideways here as we try to defend it??
Honestly this just looks like the craziest trading range and I just want to have a copy of this for later so I can play it back. could be a weird day!!
Alright, y'all ready for NVDA? This is the expected move, as written in options - and all the levels you need to know in and around it!! I did just post the video walkthrough as well but all the levels are here. GL y'all!!
$BTC.X This just my opinion here - i think we see a deeper pullback, under the weekly 35EMA to the .618 level which is around the 200WMA
This is more just for a record for me. The implied move from the options reading last weekend we managed to stay within.
I was going to make this chart private like I do many of my charts that are just for me but this chart is beautiful!! 1hr timeframe. It think this is the timeframe the brings us down a bit so worth studying...
Ok. Well that was a big move and I'm betting we pull back a little into the end of the day... I sold 2220/2230 bear call spreads here, so lets close underneath 2220 today...
Alright, y'all... i just slid into some 5650/5660 bear call spreads after this move to close out the week.. a close under 5650 is all I'm asking for for the win!! Let's see...