last week we saw how on the 30 and 60 min timeframes SPY both alerted for a possibility for a CD leg lower of an XABCD pattern. Although the subsequent pullback didn’t reach its target, it was good for a … Continue reading →
If anything, today taught us how important it is to determine your levels in advance and to always trade accordingly. If it wasn’t for that my FB calls would have turned into a huge loss. Instead I stopped out pretty … Continue reading →
SPY on the 30min chart went from overbought to oversold on the TD-pressure indicator, in one session yesterday. The mentioned 127%XA and 261.8%BC levels were rejected as well. mentioned that these events should be used as stop against any long … Continue reading →
Not much has changed since our last post. The only exciting thing was the catch of the low on the 24th. I’ve been sitting dormant since then; holiday, and some programming. Starting with the updated 60min chart we’ve been focusing … Continue reading →
I don’t usually post trades in hindsight. But mentioned two SPY trades past 2 days on twitter, that worked out well. And can serve as good examples on how we use the Harmonic indicator for weekly option trades. Specially for … Continue reading →
A small pullback in the first 30minutes at the 161.8%XA level, gave us the opportunity for a trade up to 207, according to plan. From the high we saw an AB=CD with a low PRZ target of 204.88. called it … Continue reading →
quick update on ES. last night we saw a AB=CD forming of the lows. With the C point we calculated an entry >2010.8 That was surpassed quickly thereafter, but fell back a little during the night, but never traded below … Continue reading →
Quite honestly I don’t know what to say or think about last week; after having alerted on the bearish option flow on the SPY in particular all week. And then to see the Paris attacks unfolding Friday afternoon, just took the … Continue reading →
Good Morning! Yesterday we saw the outcome of the bearish optionflow on SPY, as we’ve monitored since Friday last week. And the target of 205.5 that we mentioned last Monday was reached and succeeded. The “D” on the 30min … Continue reading →
Over the past three days we’ve seen Bearish optionflow on SPY while it’s slowly been moving of the Monday low. Put buying is decreasing a bit, and Call buying increasing a little, but the ratio is still bearish: On a … Continue reading →
