.SPX: Close Unchanged!

MasterWU
05-23

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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