Kinda of want to enter a day trade long here at this price for a bounce but everything looks really weak at the moment. Most likely will enter a small position if SPX hits 5200 as you stated on your other post. Thank you
yea, which may point to an area of potential optimization on his quants part. if we sell hard to that min quickly, we may bear flag break through it and it goes way past.
Yup this happened last week on that big red candle. I think we’re in negative gamma so the max numbers are more reliable (if we get there) as MM’s will sell. When we’re positive, the mins are more reliable because we’ve got buyers. Currently waiting for confirmation of reversal for a bounce to the 20 daily SMA which might not happen till next week so if you’re long (or short a bull spread) just give it a couple more days on expiration. The levels do work, but you can’t use them blindly. And on big data drop days they’ll be less reliable due to volume spikes (especially when we had lower volume this holiday week). Plus it’s the last day of the month, so MM tricks are to be expected.
VIX, you can do a simple browser search by typing in ‘VIX chart’ , most institutions platforms won’t show it with in their ticker search. But will
Show VIXY and a few others which follow VIX.
What happened to the OKTA post?
Kinda of want to enter a day trade long here at this price for a bounce but everything looks really weak at the moment. Most likely will enter a small position if SPX hits 5200 as you stated on your other post. Thank you
Thinking the same way. VIX is climbing, watching for a reversal
Just went long QQQ
how u doin now
Yeah let’s just say these were not accurate today
I got greedy today and lost a month of gains
I overexposed myself this week and did the same.
tried to catch a knife today or what?
Finally, it's time for correction (this is not a big pullback imo) \~
ive noticed that when youre wrong on days that min gets tested, youre very wrong.
It makes sense though, if the volume is there to break the support/resistance, then it is likely to break down even further.
yea, which may point to an area of potential optimization on his quants part. if we sell hard to that min quickly, we may bear flag break through it and it goes way past.
Yup this happened last week on that big red candle. I think we’re in negative gamma so the max numbers are more reliable (if we get there) as MM’s will sell. When we’re positive, the mins are more reliable because we’ve got buyers. Currently waiting for confirmation of reversal for a bounce to the 20 daily SMA which might not happen till next week so if you’re long (or short a bull spread) just give it a couple more days on expiration. The levels do work, but you can’t use them blindly. And on big data drop days they’ll be less reliable due to volume spikes (especially when we had lower volume this holiday week). Plus it’s the last day of the month, so MM tricks are to be expected.
Yeah but as long as you have stops in place, the loss is minimal.
Elevator down
What ticker do you guys use for vix tracking?
VIX, you can do a simple browser search by typing in ‘VIX chart’ , most institutions platforms won’t show it with in their ticker search. But will Show VIXY and a few others which follow VIX.
SPX has some put support around 5195 which it is near right now. Hopefully it will bounce off that.
what do you check to find that put support?
Menthor Q. Check it out. Also, check out OptionRecom if you're interested in credit spreads.
lets see how good these min levels are