UnknownUnicorn121770
Not really a technical play, but a mid-term investment: rate hike lift off means more money for banks (unless Fed cuts it again, which would suck and make this view obsolete).
We're starting to build a short position here and will be adding more around 4700, if it reaches that number. Update on the previous long post. See related.
So we scalped here and there, but took no serious positions in this :poop: show of an index lately. We've adjusted the support of the broadening top from our previous view (see related) a bit down after what seems to be either a bottom or a dead cat bounce. Same rules apply. Whatever is happening here, we're going sideline into FOMC on $GER30. Enjoy the :poop:...
Looking for a long opportunity at the lowest support, possibly a double bottom as confirmation of the bull trend. Will be scalping long beginning this week up to pennant/ascending triangle resistance.
Things look so bearish to me that i always wonder what the bullish view could be, if any. - So far price action Q3-Q4 '15 seems very similar to '14. The only problem is that no new all time high is set after the correction ended. - Max pain Monthly opex is at 207 (see www.optionistics.com) - Open interest as of today stands 8m calls to 14.7m puts (See...
SPY's max pain option expiration (opex) path until Jan 29th. Option Expiration cycles www.investopedia.com Max pain / strike peg www.investopedia.com Strike peg tool www.optionistics.com
Related: www.youtube.com
See chart.
Strong rejection. Possibly some volatile twerking before a correction.
GER30 has managed to bottom and follow through on this first day of the week so far. On the 30m it has also broken the rising wedge resistance, which i think is crucial for a nice bullish momentum. First stop i think is the neckline of the H&S/triple top circled on the left of the chart. Keep in mind that the initial bull trend has been breached and we're looking...
This is my RSI perspective for the timeframes Weekly and Monthly. I try not to attach too much value to these types of views, as they say little about price and divergence between RSI and price can go on for a long time. Monthly: Looking at monthly RSI i see a strong case for more weakness in December. RSI has fallen through the 2009 rising trend support and...
SPY's max pain option expiration (opex) path until Jan 22nd. Option Expiration cycles www.investopedia.com Max pain / strike peg www.investopedia.com Strike peg tool www.optionistics.com
I rode both up and down yesterday. It was exhausting, but fun. I have a neutral view for today.
Update on USOIL. I've been building a long position since my last USOIL post by adding USO Feb calls on every dip. On the chart scenario's i'de feel comfortable with.
Setup on chart.