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houdini.
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June 17, 2020 at 20:49 #32175
My first underwater is at 3110.7 from yesterday.
I just had 2 points in it, yippee. However I blinked and I missed it.
I have however been out 50 points on it this morning.
I feel I will have more pain (and indeed I am not sure I want to close it for pittence).
Honestly no idea until we get past crooks quad oe.
Plan your trade, trade your plan!
June 17, 2020 at 21:05 #32176Oops.got the fed time wrong.thought it was after the bell but its a different speech altogether..obviously nothing worth mentioning.
June 18, 2020 at 02:55 #32177“One thing we do know for certain, however, is that pension selling (towards the end of the month) will be substantial, as a result of the outperformance of stocks over bonds this quarter. Indeed, according to Goldman, as of the close on Tuesday, the desk’s theoretical model estimates a net $76bn of equities to sell, the third largest estimate on record, only behind Mar 2020 and Dec 2018, both of which happened to be extremely volatile periods.”
June 18, 2020 at 08:11 #32178Spx 3075 … would be a good result for option writers
based on someone elses data and ideas.Overnight futures got near this level … dry run for quad witch ?
Never give up, never surrender.
June 18, 2020 at 08:20 #32179Spx 3075 … would be a good result for option writers based on someone elses data and ideas.
Overnight futures got near this level … dry run for quad witch ?
Interesting it moved there overnight when most people were asleep. Was there news?
Back up to 3116 at the moment.
June 18, 2020 at 08:31 #32180Atm there is a stream of news which would rattle
the markets, if they want to be rattled.Rth has a habit of following futures(at some point).
Odds of a drop into quad witch and then a ping back up look likely,imho.
Never give up, never surrender.
June 18, 2020 at 09:05 #32181My first underwater is at 3110.7 from yesterday. I just had 2 points in it, yippee. However I blinked and I missed it. I have however been out 50 points on it this morning. I feel I will have more pain (and indeed I am not sure I want to close it for pittence). Honestly no idea until we get past crooks quad oe.
and again as you say Kitsu, a very decent profit came in whilst fast asleep and now underwater again.
No news that I can see apart from a spat between Hilary Clinton and Trump.
Plan your trade, trade your plan!
June 18, 2020 at 09:06 #32182Spx 3075 … would be a good result for option writers based on someone elses data and ideas.
Overnight futures got near this level … dry run for quad witch ?
I hope so, but honestly no idea.
Plan your trade, trade your plan!
June 18, 2020 at 09:09 #32183Atm there is a stream of news which would rattle the markets, if they want to be rattled. Rth has a habit of following futures(at some point). Odds of a drop into quad witch and then a ping back up look likely,imho.
Definitely so, lots of negative there especially regarding increase of cases in COvid19 worldwide. That really should be providing caution if nothing else.
Boe at 12pm and then US numbers inc. jobless at 1.30pm.
Plan your trade, trade your plan!
June 18, 2020 at 09:56 #32184Quad Witch and Pension Fund selling stocks into EOM
seem to be the major ‘known’ events.Never give up, never surrender.
June 18, 2020 at 10:03 #32185There is definitely crooks at play in the night. They are just doing nothing now, but last night they had lots to do.
DAX just had a scare for some reason, no idea what caused it
Plan your trade, trade your plan!
June 18, 2020 at 12:50 #3218610.30am was a good spike up to take out stops and since then it has been down.
I saw it in realtime, but just did not want to back it as really this oe lark skews things so much.
As it happens, it was perfect and has the potential to be a HOD.
The question as always nowadays is how far they will let it fall?
Globex low on ES June is 3076. Much below there it is hot air back to recent lows.
Plan your trade, trade your plan!
June 18, 2020 at 12:52 #32187If it was not for OE, I would be saying that if we break globex lows, we will have another 200 point decline over days.
Caveat is that we need to hold todays globex highs as resistance.
So for now todays globex highs are the range for me to play.
Plan your trade, trade your plan!
June 18, 2020 at 13:06 #32188Its just been a week of stop runs.bloody hate expiry week.couple of trades done overnight with stops..both been hit and reversed lol.looks like its down now,but i still think the bull is in control after expirys out the way.i will be very shocked if that daily gap isnt closed.
June 18, 2020 at 13:09 #32189Spx 3075 is the best zone for option writers so they
will try and keep it there for quad witch.Before then we could swing around up and down.
Never give up, never surrender.
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