Red signal line, Downward facing 50 Day moving Average A 225/224 bull put spread could look good at open. Even if we’re bearish closing within range is still likely.
Welcome back, y’all. We just had a 3 day weekend so we got an extra day of theta burn if you had any spreads on over the weekend. So This weeks Trading Range doesn’t look too complicated but I do want to draw attention to TWO things. FIRST - in the trading range - The moving averages are bearish here. The 35EMA is under the 30min 200MA. SECOND - the...
Expected move on the day is between 606 - 614 Expected move on Wednesday’s contract 614 - 615 30 Day average is a bit wider 603 - 617 so might not be a bad plan to find the midpoint as well. Everything between 615 and 617 is extreme overbought and likewise everything between 614 and 613 is extreme oversold on the day. That downtrend line that is facing down...
SP:SPX Analysis, Key Levels & Targets for Feb 18 OK - SPX - my baby. Expected move on the day is between 6080 - 6155 Expected move on Wednesday’s contract 6065 - 6165 30 Day average is a bit wider 6050 - 6180 so might not be a bad plan to find the midpoint as well. Everything between 6165 and 6180 is extreme overbought and likewise everything between 6050...
Alright so options for QQQ havn’t expanded out yet so this is the setup for 30D average volatility for today (tues), Wednesdays implied move is in the middle and Fridays Contract on the far right. We closed last week just under ATH’s Futures already gapping us over that but look how overbought we are here. Top of the implied move on tomorrow’s contract...
Welcome back, y’all. We just had a 3 day weekend so we got an extra day of theta burn if you had any spreads on over the weekend. Holy Battling Momentum here. Downward Facing 50DMA and 30min 200 - that is what hit us on Friday!! So watch for that, as we probably aren’t going to be flying past that level too far while it’s still turned downward. 35EMA...
YOU DON’T WANT TO GO LONG AT A DOWNWARD FACING MOVING AVERAGE - And in Friday’s Trading Range we had two of them. The 50 Day Moving average and the 30min 200MA and we got SMACKed back down after gapping over those on Friday. So Last Week was inflation Data. Monday we opened under the 35EMA and the 35EMA was underneath the 30min 200MA. That is a bearish...
Last week was inflation data week and Monday and Tuesday we opened with a gap up and then stayed flat from there until CPI on Wednesday where we dropped down and filled the Monday gap and bounced on the 50 Day Moving Average. After CPI (which came in HOTTT) and the bounce on the 50Day up and past the next two resistance levels. Thursday was a big day,...
SP:SPX RECAP of Last Week Feb 10-14 Last week was inflation data week and Monday and Tuesday we opened with a gap up and then stayed flat from there until CPI on Wednesday where we dropped down and filled the Monday gap and bounced on the 50 Day Moving Average. After CPI (which came in HOTTT) and the bounce on the 50Day we took it to the downtrend and then...
Last week was inflation data week and Monday and Tuesday we opened with a gap up and then stayed flat from there until CPI on Wednesday where we dropped down and filled the Monday gap and bounced on the 50 Day Moving Average. After CPI (which came in HOTTT) and the bounce on the 50Day we took it to the downtrend and then pushed passed resistance to briefly...
Bearish MA’s Green signal line Looks like we’re gonna close the week within the implied move on the week… I’m beginning to like the Friday contract and that’s opening a lot of other tickers to play. I still love 0dte but that 5dte or 7dte really because I’d play it from the Friday before. Anyway I’m rambling and it’s 9:30 so let’s TRADE
AMEX:IWM Analysis, Key Levels & Targets for Day Traders Feb 14 Alright. So futures are taking this right to the 50DMA at open which is facing down. Let’s see if we get smacked by it. A good general rule of thumb is don’t go long at downward facing moving averages since it is a measure of momentum - let’s see how it goes. Top of the implied move on the day...
We broke out above two resistance levels yesterday to close just underneath ATH’s. 35MEA is underneath the implied move which often signals too fast to soon and a pull back is normal before moving higher or flat while we wait for it to catch up. 30min 200MA is quite far underneath both days implied move and is looking flat. Momentum is not strong here but...
Ok so where are we at. We broke out above the downtrend yesterday just under ATH’s. 35MEA is underneath the implied move which often signals too fast to soon and a pull back is normal before moving higher. 30min 200MA is underneath both days implied move and you can see that for CPI and PPI that 35EMA bounced on the 30min 200 after 3 weeks of...
AMEX:SPY Analysis, Key Levels & Targets for Day Traders Feb 13 Ok so where are we at. We broke out above the downtrend yesterday just under ATH’s. 35MEA is underneath the implied move which often signals too fast to soon and a pull back is normal before moving higher. 30min 200MA is underneath both days implied move and you can see that for CPI and PPI...
IWM still closed bearishly underneath the 50 Day moving average - watch out for the 30min 200 & 50DMA as resistance Inflation is good for the market. It’s not good for the consumer. Small-cap stocks, which represent smaller companies with market capitalizations typically below $2 billion, can be particularly sensitive to inflation. These companies often...
Alright - big move for qqq yesterday. The thing that is driving me the most insane about this is volume. PLEASE VOLUME COME BACK. So the CPI/PPI move was drop to the 50DMA and bounce, just like SPY & SPX. Wild stuff, y’all. Inflation data days never cease to be a wild ride. We are just under ATH’s here and that will be in today’s range. Inflation is bad for...
WOWZA, but bigger move than I expected yesterday. We saw a breakout above the downtrend off of ATH’s (initial rejection then drop to the 35EMA and then bounce to breakout) So the CPI/PPI move was drop to the 50DMA and bounce. Wild stuff, y’all. Inflation data days never cease to be a wild ride.