StrawberryBlondie2

StrawberryBlondie2

As a disclaimer, I am long on SPY with 2 call options for the 600 strike on the December monthly, as well as less than 100 shares of NVDA, NVDY, NVDX, and NVDS. I am expecting a spike in volatility TVC:VIX going into the election. NVDA's technicals show a strong engulfing bullish candle up through the 50ma and the downtrend line and now it has stopped at the...

01:41

StrawberryBlondie2

Something I've noticed that is pretty reliable is the retracement towards the untested VWAP close price from prior sessions on the new RTH open.

StrawberryBlondie2 Updated 

I'm speculating here that if we have topped out on the SPX500, then here are the most prominent levels to note based on a fibonacci phi-channel drawn on the weekly timeframe. I also drew a simple trend line to show the current regime we've been in. It's typical for the market to have a sharp correction/crash of some kind in the spring. At least it has been...