Hello everyone! Today i want to share some trading ideas with you!
1.
TO SUBS:
(1) The small "airplane" level at Mid-week update 30-min chart will most likely be touched tmrw by noon.
(2) then, prepare for a large rebound, which will last till early next week. That lower level on the chart below the plane may not come this week.
(3) hold puts now
2.
$S&P 500(.SPX)$ Close UNCHANGED:
(1) You have to give credit when it is due--check out what I said earlier at the open--BIG SWING DAY, great for day-trading.
(2) most importantly, SPX will close unchanged.--check the close. UNCHANGED. WTF.
(3) I have a good feel of the market now. PATIENCE.
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3.
OUT of most 5/23 & 5/29 SPY puts positions. Only have small 7/18 SPY puts.
Wait for a rebound to short again.
Expect big swings mid-day [between 5785 and 5860], and most likely close unchanged. Great for day-trading.
Will play both ways 0dtx, call and put. Tight stop.
4.
5812 Future low & SPX LOW:
(1) ES futures dropped to 5812 half an hour ago, partially satisfy a fifth small wave for the current decline.
(2) but, the rebound looks pre-mature, and it needs AT LEAST one more retest of the low in cash session to solidify it;
(3) 5785 key support
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