Thinking weve got a chance to fill a gap here. Gotta bust through $35 to make it happen. Could take a week or so. Bought $55 Calls For $0.04 today on a 9/30 exp. Seems like an easy move. Low risk fairly high reward
Sorry for the cluttered chart.. Got a lot happening here. Spy is in a upward channel right now, with a gap above that i think gets filled today or tomorrow. Red line is where my head is at right now, although i think there is still a chance green line happens too. You can see both a big head a shoulders, or an inverse cup and handle forming if the red line...
Grabbed some call options here.. looking for some gainz in the next week to grab some profit.
Squeezing here.. Boll bands contracting.. Up or down.. i am leaning towards up
3X touch of ascending wedge.. Filled top gap, with two remaining gaps that potentially could get filled in coming weeks. Must break below 276 to confirm path towards 273 + 262 supports.
Would need to trace down to about 18 for the ratio's to line up perfectly, but could bounce from here. RSI Oversold but could need to go a bit lower to begin the bounce.
Rising head and shoulders.. 290 test in the next day or two.. Once earnings statements begin coming out we start the decline. Just a thought..
Idea from Yesterday seems to be valid for now. Heading towards a 2900 level by end of week. Pull backs begin then IMO. I do not see 3000 getting broken, but if it does we could be looking at a true artificially created reversal by the FED.
I think we are heading for another couple of days worth of gains here in the short term. Looking to test that 2900 level before pull backs. I do not see us dropping dramatically any more. I see a slow progressive down trend that will have mixed days of gains and losses. On a larger scale we will be heading down, but falling off the cliff likely wont happen again....
Quit jerking me off and telling me its a blowjob already... Get your stupid fake reversal out of here! Looks like its liking more of the green target line from the other day. 278 is a 50% retrace from ATH... Could be a good marking point for rejection. Still bearish over the next 120+days could stay in bull territory the rest of the week here.. tough to say.
Spy holding around the 265 support line .5 Fib from recent high also interacting with Gann Lines. Nxt move is either back to 275 for another test of recent highs, or the slide down to 254/245 support line. 238 would mark the revisiting of overall down trend line. Testing new lows by End of month IMO. Couple of options here i can see happening. News for virus...
Every time i look at these charts i see something different. Ultimately i really think it means predicting movement during an unprecedented time in history is pretty difficult.
Gapped up big over night. Stimulus in Japan, and "positive news" on virus spurring gains. Still think Bearish overall, but could see a test of 280 here after 264 becomes a support for the next few days. Gann lines very interesting right now.... Staying out of any short term deals right now..
Gapped up. Looking to form the triple top at 260-63 range. Then we begin the slide down to sub 200 levels this week. Get your put options ready once it touches 260.