JB7oh2

JB7oh2 Updated 

Wondering what happened today in the afternoon well your favorite inside trader Nancy Pelosi announced she will step down from the speaker roll but not retire from the house. Algos knew this was going to happen so they were ready. Also people are playing the F out of 0dte contracts this week and it’s sending price action all over the place market makers are...

JB7oh2

Todays sideways action created a daily inside bar know we have a rare pattern that hasn’t happened since August 2021 the Outside Inside Bar pattern both of them closed red. The last one was a green red now we have red red and I believe it’s not a good sign. Normally in these patterns you take them in the direction they close in. The inside bar today was created...

JB7oh2

Oh yeah there’s still a war going on, what happened today goes to show how fast the geopolitical seen can effect the market. It’s sad that in today’s modern world we still have to fight wars, as long as they keep building there war toys they’re going to want to use them. Well today the VIX and S&P closed green that’s normally a bearish sign let’s see what comes...

JB7oh2

That last hour of trading was something else it’s almost like everyone at once remembered PPI tomorrow. We had low volume today even though we broke 400 for a little bit the real attention is pre-market tomorrow. Lots of FED talk this week today they all sounded the same sticking to the plan of 50bps in December which was the plan the whole time, it’s not a pivot...

JB7oh2 Updated 

I’m still bullish for now I believe we try to hit the trend line that has been tested 3 times before as we get closer to it start to think about playing puts. I got an email from CBOE saying they are going to allow 0dte on SPY,QQQ and XSP. This is good and bad at the same time, the market makers just got a new tool to take retailers money before the recession...

JB7oh2

Nice day of catching its breath today even with the bond market closed. Looking at next week there’s not much in catalyst to really mess with the market PPI on Tuesday and I think the market might overlook it. It was a fun day trading from home today I forgot how boring it can be though I hope everyone had a green week I will be trying to make a video this...

JB7oh2

Full steam ahead! People have been waiting to be right and todays CPI numbers confirms they are for now. Congratulations are in order for those who had calls from yesterday’s low and for those who had puts I hope you had a risk plan in place. Let’s see if this rally has enough legs to continue tomorrow I’m sure there’s FOMO kicking in. Please don’t get me wrong...

JB7oh2

There’s so much pressure right now and tomorrow will be the relief for whichever way we go. Bears are in control obviously. We have 2 CPI datas before the FOMC meeting on December 14th if we get high numbers tomorrow the box I drew might get blown out to the downside. Lots of problems out there, housing bubble is about to pop, cars are being reposed people are...

JB7oh2 Updated 

What a roller coaster of a day thanks crypto. Tomorrow will be interesting with election results coming in. I don’t think we are out of the woods but in the meantime enjoy this rally and manage risk. As you saw today it can turn on a dime. I’m getting the feeling that we want more of a rally 387 to 390 is key level for bulls to consolidate create a base to launch...

JB7oh2

Finally the election is tomorrow no more ads and annoying phone calls I already voted I hope you do to. I believe we see a squeeze trying to get to 390 everyone is pumped for a Christmas rally so be careful out there bears, bulls need to show up. Looking for a 377 pullback to continue the rally up, don’t be surprised if you see gap up tomorrow and Wednesday to get...

JB7oh2 Updated 

DIP, RIP, DIP, SIDEWAYS AND RIP. Today had everything for everyone I thought today was going to be boring day, yet grand slams all day forget base hits. Next week should have some squeezes happing. Keeping it short today. I really want to do a video on the mental side of trading I feel like everyone is a technical analysis expert but still lose money why? It’s all...

JB7oh2

Looking at today’s action I believe we will be range bound until next Thursdays CPI report. So in the meantime base hits only no home-runs took me all day for a 25% gain. We are back to bad news is good news time. Once again VIX is broken algos use the Vix to trade so as long as it remains between 28 and 24 we won’t go anywhere. Indicators they are work some of...

JB7oh2

Well I hoped everyone banked today I laid out the frame work yesterday and it followed the plan pretty good. First 3 minute candle was green I bought calls 10 minutes prior to 11 and sold quick loaded puts at 11:25 and made great money I wish I would have held the 386 puts longer but you all know I have paper hands. Okay seriously what’s wrong with VIX I don’t get...

JB7oh2

First off we have an inside outside bar formation on the daily what does that mean I don’t know but it sounds cool lol. Seriously we are in for a huge move to the down side the only reason this rally started was the rumor of the feds slowing down, tomorrow will be a different story when they announce 75bps hike and stay hawkish in their language. How to play it....

JB7oh2

Today was the side way shuffle theta killer. Nobody knows what to do next. One thing I did look at was the GOLD chart and wow 7 straight months of red candles, I think this is a first for the history of gold, we’ve had 6 months before but not 7. This economy just keeps making new levels of stuff all the time. Keeping it short today really just a lame post to keep...

JB7oh2

I’m sure I’m missing some dates here but just a little something to help along the way. This rally has picked up a lot of momentum lately I’m looking at 407 high that would happen quickly then sale off after the election. Buy the rumor sell the news event. Tons of earnings this week and the long awaited FOMC rate hike you all know I love to play FOMC days I will...

JB7oh2

At the beginning of the month I boxed out the area you been seeing I used supply and demand for those levels. I can’t believe the close today almost to the price. Some people said it wouldn’t happen others hit me up in my dm saying I don’t know what I’m doing and should stop posting all I have to say is study as much as you can we aren’t always right but it’s nice...

JB7oh2

Well it’s not good out there the trap is set and people are getting caught already. Earnings are bad and everyday a new disaster but somehow spy is only down a little bit. GDP was positive no surprise there with the dollar so strong. Now that the 1.272 got tagged normally the 2nd extension is over I’m expecting the 90% to be the next target 376$. Keeping it short...