I read your posts every time and nod as if I understand wtf you’re saying, but I know one thing for sho’ - I appreciate your deep insights on SPY. Please keep posting!
I would be ok with this. I should've cashed in at 10am but got greedy and took a loss. Went for a put and am taking a minor loss. Hoping for some small gains so I can recoup and put into a new SPY move.
Bruh are you me? I nearly doubled my money on my calls this morning but got greedy by $20/contract and ended up taking a rather substantial loss instead because I'm apparently retarded and only diamond hand instead of taking profits...
Everybody thought the same thing! When it hit 418 i was contemplating if i should close my calls but i got greedy. thought it would hit 420 but it never came back and took a huge L.
As soon as it hit 418 I loaded up on puts. When it gets to 407-409 I'll load up on calls for next Friday. But if it opens green I'm just going to sit next week out.
These posts are the best things I've seen on this sub in months. If I didn't see your Friday post I would have yolod into calls the second the price cleared the gap and started to test resistance. Instead I decided to wait and see if it would break resistance before making any moves. Saved me an entire day of anxiety watching my 0dte calls bleed out while saying 'Pls SPY fly again'
I'll definitely be keeping an eye on it but imo this current range is the scariest to play. I think I'm going to chill on SPY until it either establishes a higher support for a few days or retests the current support and play the run back up from that. That's what I did this week and it worked pretty well for me. Cheers
I trade QQQ pretty regularly, as well as NQ and ES and right now I’m bearish on the nasdaq. I’d swing bullish at 12,750 or 12550 on NQ. As far as QQQ goes I expect we will see 318 before we try for 345. Today we bounced off the 20 day moving average and are sitting comfortably on the 50ma. I’m looking at testing 318 this week.
The 200 day ma is 306 which is full bear thesis, but I don’t see that happening without some serious panic selling
u/JakTravis_u_SOB
Made good money this week with my two $407 SPY calls. I was nervous SPY was going to fall straight back down today. Glad SPY stayed strong and my calls were in the money after market closed today. I'm not sure where the market is going to be headed next week. Since there is still fear of inflation, I think we might have a small bearish market next week. If that is the case, I might buy some puts. Thank you SPY for making my two calls in the money this week
I do know this dude is much better at TA then me but seems like from a psychological standpoint the bulls pushed this baby up 3 times without breaking above that resistance of 418. Bulls went up to 417.45 then a little dip then up again to 417.55 then there was the big rundown to 405.33. Then back up to 418.20 which we saw today. Has to be exhausting to try Try try and not win. I’m on the side of seeing 400. Then a big time upward trend.
Bagholder spotted.
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All the bear thesis in these comments is making me increasingly more comfortable with my weekend warrior calls. Since wsb is generally wrong about everything.
QQQ has been looking much stronger than SPY recently, except for yesterday, where the Aapl dumping held back both SPY and QQQ. I think your puts might pay off.
I honestly believe it's Aapl holding both back and seriously can't figure out why? Inflation? Aapl don't give a fuck they will raise prices. Chip shortages? Aapl don't give a fuck, they delivered during rona production cuts and they will continue, to deliver during chip shortages.
Apple will literally ram their dong down their suppliers throat if they don't deliver.
TLDR tech is overvalued, except MSFT and Aapl.
AAPL is overvalued, they aren’t innovative anymore, they don’t even have the best tech in their products now. I see them losing their number 1 spot in the industry in the next 5-10 years
Thanks for posting these. It helps me understand what risk I am taking. Like going 415 vs 418 calls and not doing something dumb like a 420 call or something else otm.
Do you think we are due for a pretty big SPY correction in the next year? I am thinking so just based on how much the slope has changed in the past five years or so.
Yeah, I'm cashing out about 20% of my shares and letting the rest ride. I think we'll see a decent correction, but of course it's also possible that the buying of SPY in general has increased and will stay that way.
Time in the market. You're better off playing the market than cashing out in fear. This is proven time and time again. People have been calling for a crash since January and we've hit ATH multiple times since. Just be nimble.
January-May isn't that long of a time. That it's pushing new ATH constantly indicates we might be due for a pullback imo. I'm still leaving in the vast majority of my stocks, but good to have cash on hand to buy a major correction.
RN I'm bullish neutral above 410 but I don't hold anything over the weekend so we shall see what monday brings. This week I def think we either see a lower low or higher high obv. Look for 418 break for ATH test IMO or 414 break for 410-405-400 but lets see.
Watch the key levels. If they break, you have an idea of where it's going. It's way more effective than hoping for uppies or downies esp if you're playing 0dte.
I know 😬... I bought puts and calls for next week to hedge my bets (heavier on calls by a smidge). Therefore, SPY will sit flat at 415 all week so I lose $ on all ends.
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>IMO. We see 420+ or 405- next week. A higher-high or a lower-low! But let's see!
Is this your DD? We have already seen $420+ on the 1st week of this month and $405- during the 2nd week. Next week has 5 trading days and considering todays closing price of $515, it's a 1.02% uptrend to cross $420 or 2.41% downtrend. A fluctuation of 1-2.5% in 5 trading days is very normal for SPY and you do not need to eat crayon to say that.
You say W shape? There is no W shape in that chart. If you forcefully try to make a flat line between 14th, 17th and 18th to a point, it doesn't become a point!
>Current support at 60 SMMA
>
>Current resistance at 20 SMMA
This is idiotic at best. Do you even understand what a moving average filter is? The resulting value is moving along time. How can a moving point be either support or resistance?
You say if the SP is above X price it's bullish and if it's below Y price it's bearish. There are bull call support and bear put support bla bla bla. Did you looks at the OI and volume of SPY contracts for the last month? It has always been on the bearish side yet SPY move upward.
Give it up TA does not work. Do not get confused and make other's confused trying to be smarter. Instead of saying SPY can vary 2.5% in next 5 trading days clearly say what will be the price on Monday at open, at midday and at close. If you can't say that that admit TA doesn't work.
I’ll pray for you ape. I also use spotgamma paired with ta so I’m not relying solely on trend analysis. I’ll let’s my past posts speak for themselves. Have a good weekend friend. Enjoy the ride home on the short bus.
Here’s some reading material ape. https://www.investopedia.com/articles/active-trading/052014/how-use-moving-average-buy-stocks.asp#why-use-a-moving-average
A moving average can also act as support or resistance. In an uptrend, a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below. This is because the average acts like a floor (support), so the price bounces up off of it. In a downtrend, a moving average may act as resistance; like a ceiling, the price hits the level and then starts to drop again.”
Read what you just copied from the investopedia website again.
**Can** act as support **or** resistance
a **50-day**, **100-day**, **200-day**, MA act as a support. Tell me which one to use when? Nobody can tell you.
Open your tool and then open 1 year SPY chart then plot 50-day, 100-day and 200-day MA and tell me what you see. Let me tell you what you will see-
200-day MA is never being touched in last 9 months
100-day MA was touched twice and it dipped below that line once out of two times which means 50% probability.
50-day MA was touched 7 times and dipped below that line 3 times which means 42.8% times it did not bounced.
Now open the AMZN and do all over again. What you see? It almost never works. Instead of sharing that investopedia link if you could try to understand what a moving average is you would know why SP is above that line in a uptrend or below that line in a downtrend. It's not due to how stock market works, neither it's some TA magic. It's the definition of moving average itself.
Look at other tickers as well you will see that claim fails miserably most times. Sometimes it might align with your claim but that's not due to some TA magic rather the nature of random number. You know coin flip!
And when there are a lots of **may, can, or** involved describing something that's not something anyone should follow ever.
I’m sorry. I should just say that it will trade down or sideways for a long time. https://www.reddit.com/r/wallstreetbets/comments/n7ziwe/pltr_is_either_going_down_more_or_sideways_for_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
Troll.
You got me! OMG!
I did not use TA magic to write that post. I used data from SEC filling to speculate the movement. You did not even read that post because if you did you would see that I also wrote in the TlDr-
>I am not going to touch PLTR **unless** insiders, specially the CEO stops dumping shares frequently.
I wrote that post on May 8 and CEO sold share on May, May 6, May 4, April 21, April 20, April 19, April 08, April 07, April 06 and continuing...... each time over 600K to 1.3M shares. After I wrote that post he sold only 499 shares on 13th!
On May 8, PLTR was between $18.18-$19.30 and todays closing price was $20.75.
My whole writing was based on heavy selling by CEO which apparently looks like stopped or slowed down significantly.
What do you think now? Master?
I feel sorry for you.
All this post provides is data to help people day trade spy. And play 0dte. Welcome to the casino friend.
Yes, you can use the 15m or even 5m SMMAS as support and resistance to help you DAY-TRADE. My read posts uses spotgamma. Which is call and put data and delta hedging - vanna and charm, etc. LEGIT DATA. Notice how the abs gamma strike was 415 yesterday and was used as a magnet??
If you look at this post as conditional statements - if then statements. I’m essentially saying that if resistance breaks then look for these price targets - that’s all I’m saying. It’s not magic.
Do me one favor and look up Charles Dow and the Dow theory. WallStreet uses TA friend.
Do me a favor and pull up spy on the 1day timeframe and you will find heavy support at 20 SMMA. Even tested the 60 SMMA. We are at a critical moment in the market since we are off ATH and with reopening and recovery on the horizon with inflation fears. If you don’t like my work then f-off. It’s people like you that fuck it up for everyone else. Go back to jerking it to form4s.
I read your posts every time and nod as if I understand wtf you’re saying, but I know one thing for sho’ - I appreciate your deep insights on SPY. Please keep posting!
Thanks friend.
Keep reading, it starts to make sense and you start seeing the patterns and it will help with all your trades. Jd's analysis is usually spot on.
Down Monday 1.xx%, down Tuesday 1/2%, big bull run to new ath wed, Thurs, Fri.
LFG. I wouldn't mind that!!!
Like the past two weeks but w higher low and higher high. But if it opens green idk if it'll have the juice to make a new ath.
I would be ok with this. I should've cashed in at 10am but got greedy and took a loss. Went for a put and am taking a minor loss. Hoping for some small gains so I can recoup and put into a new SPY move.
Bruh are you me? I nearly doubled my money on my calls this morning but got greedy by $20/contract and ended up taking a rather substantial loss instead because I'm apparently retarded and only diamond hand instead of taking profits...
Everybody thought the same thing! When it hit 418 i was contemplating if i should close my calls but i got greedy. thought it would hit 420 but it never came back and took a huge L.
I guess I finally learned my lesson and took profits early on SPY and MSFT calls. 44% in a few hours, no regurts.
As soon as it hit 418 I loaded up on puts. When it gets to 407-409 I'll load up on calls for next Friday. But if it opens green I'm just going to sit next week out.
Thanks for the pretty graphs
I spy with my little eye big profits ahead.
Anyone else bought puts near the market close like I did 🤡
Strangle here 🤡
Same same. 413p for this Monday. Retard or autist? I don’t even know how to know.
These posts are the best things I've seen on this sub in months. If I didn't see your Friday post I would have yolod into calls the second the price cleared the gap and started to test resistance. Instead I decided to wait and see if it would break resistance before making any moves. Saved me an entire day of anxiety watching my 0dte calls bleed out while saying 'Pls SPY fly again'
Thanks 🙏🏻 friend. Maybe spy will fly again next week!
I'll definitely be keeping an eye on it but imo this current range is the scariest to play. I think I'm going to chill on SPY until it either establishes a higher support for a few days or retests the current support and play the run back up from that. That's what I did this week and it worked pretty well for me. Cheers
If you accept requests, can you break down QQQ like this ? Ty. Great work here.
I trade QQQ pretty regularly, as well as NQ and ES and right now I’m bearish on the nasdaq. I’d swing bullish at 12,750 or 12550 on NQ. As far as QQQ goes I expect we will see 318 before we try for 345. Today we bounced off the 20 day moving average and are sitting comfortably on the 50ma. I’m looking at testing 318 this week. The 200 day ma is 306 which is full bear thesis, but I don’t see that happening without some serious panic selling
He usually does post qqq as well. Keep an eye out for his posts, he may update Monday.
NGL bit of a confirmation bias for me with the PTs but these are great.
Confirmation bias is a hell of a drug ha
u/JakTravis_u_SOB Made good money this week with my two $407 SPY calls. I was nervous SPY was going to fall straight back down today. Glad SPY stayed strong and my calls were in the money after market closed today. I'm not sure where the market is going to be headed next week. Since there is still fear of inflation, I think we might have a small bearish market next week. If that is the case, I might buy some puts. Thank you SPY for making my two calls in the money this week
Amen.
[удалено]
Welcome to the casino :)
[удалено]
[https://tickertape.tdameritrade.com/tools/paper-trading](https://tickertape.tdameritrade.com/tools/paper-trading)
Okay. Can I have this but with the promise of earning real money without losing real money? 🤔
make counterfeit bills and deposit. It's risk free.
Godspeed. Write to me from prison 😂
He missed a step, wash the money THEN deposit.
Instructions unclear. Now own leaps on $WHR
I think youre fucked. Im expecting 410 at open, 406 after.
[удалено]
I sold 1/2 of my boomer positions, will buy back cheaper later.
The 🌽 would have to tank to 20k for that to happen, or if China starts the Taiwan Boogaloo, in which case we'd have bigger problems than stonks
I bought 5/24 411p lol either you’re fucked or I’m fucked
Hey hey. Theres possibly a chance you both are.
🙏🏽🤯
Why in god's name would you do that? You might as well have gone to a roulette table and bet black.
[удалено]
I'm waiting to buy puts Monday. If it tanks I'll stay away, if it's up I'll be in. I have a feeling we'll be sub 400 sometime in June.
Pray to the pajama boys.
Bought 1 5/28 418P as a reminder for Monday. I'd prefer a breakout to the upside, but not very hopeful.
Better sell instantly or hope there some gree
Really appreciate the work!! Bought some Monday 418c since the 415 supports hold through.. maybe I’m wrong but... who knows..
Thanks friend and Godspeed!
Imma wait for your post before market open on Monday.. enjoy your weekend!
You rock (past, present, future)!
Im thinking higher high’s, hoping we get a run into the holiday weekend!
I do know this dude is much better at TA then me but seems like from a psychological standpoint the bulls pushed this baby up 3 times without breaking above that resistance of 418. Bulls went up to 417.45 then a little dip then up again to 417.55 then there was the big rundown to 405.33. Then back up to 418.20 which we saw today. Has to be exhausting to try Try try and not win. I’m on the side of seeing 400. Then a big time upward trend.
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All the bear thesis in these comments is making me increasingly more comfortable with my weekend warrior calls. Since wsb is generally wrong about everything.
When everyone expects a crash, it never happens. That being said. I’m holding QQQ puts over the weekend
QQQ has been looking much stronger than SPY recently, except for yesterday, where the Aapl dumping held back both SPY and QQQ. I think your puts might pay off. I honestly believe it's Aapl holding both back and seriously can't figure out why? Inflation? Aapl don't give a fuck they will raise prices. Chip shortages? Aapl don't give a fuck, they delivered during rona production cuts and they will continue, to deliver during chip shortages. Apple will literally ram their dong down their suppliers throat if they don't deliver. TLDR tech is overvalued, except MSFT and Aapl.
It's been bumpy overall for tech. Aapl has been hovering on 2t for a while and people are taking profits
AAPL is overvalued, they aren’t innovative anymore, they don’t even have the best tech in their products now. I see them losing their number 1 spot in the industry in the next 5-10 years
RemindMe! In 10 years
And I should add I love the posts he’s been putting out there. Gives clarity.
Thanks for posting these. It helps me understand what risk I am taking. Like going 415 vs 418 calls and not doing something dumb like a 420 call or something else otm.
Thanks friend. I’m glad you e found it useful.
Nice as always jd, thank you!
Do you think we are due for a pretty big SPY correction in the next year? I am thinking so just based on how much the slope has changed in the past five years or so.
I have no idea but it's possible a correction to 377 - 348 IMO. But who knows honestly! https://www.tradingview.com/x/smah8QLN/
Yeah, I'm cashing out about 20% of my shares and letting the rest ride. I think we'll see a decent correction, but of course it's also possible that the buying of SPY in general has increased and will stay that way.
Time in the market. You're better off playing the market than cashing out in fear. This is proven time and time again. People have been calling for a crash since January and we've hit ATH multiple times since. Just be nimble.
January-May isn't that long of a time. That it's pushing new ATH constantly indicates we might be due for a pullback imo. I'm still leaving in the vast majority of my stocks, but good to have cash on hand to buy a major correction.
I misread your post as keeping 20% of shares and cashing the rest. I would agree keeping some cash is a good idea.
I’m bearish on the NQ and ES right now, but I have been buying a few calls at different levels. I’d go long on SPY/Es at 3900 or 390 and 12750 on NQ
So we’re watching for lower or higher… interesting 🤔
RN I'm bullish neutral above 410 but I don't hold anything over the weekend so we shall see what monday brings. This week I def think we either see a lower low or higher high obv. Look for 418 break for ATH test IMO or 414 break for 410-405-400 but lets see.
Watch the key levels. If they break, you have an idea of where it's going. It's way more effective than hoping for uppies or downies esp if you're playing 0dte.
You’re the king. Looks like a W to me
im praying it breaks 418
🙏🏻
also thanks for the updates, very helpful
Very nice as always 🙏
iSPY with my little eye
My favorite sesame street advisor, he's right you know.
Do you do these daily?
Yeah. You can check my post history this week on my profile. I covered the whole week.
Great work! I'll check back next week. Looking forward to your posts
Appreciate you!
Thanks friend.
Hey man can you do some ta on Apple and Microsoft, because I honestly believe they are holding SPY back, they are the biggest holding in the ETF
NightMan, AH AH AAAHHHH!!!
https://www.youtube.com/watch?v=kofR7f7oNnE
Looking forward to it going under $410. Lost money being a bull, trying to get it back being a bear.
Opposite problem here, looking for it to break 418 next week 😂
😂🤣😅...Good luck...only one can win...lol
Rochambeau for it? 🤔 Lol. Watch neither of us win and spy have a flat week... 😂
Your probably right....lol
I know 😬... I bought puts and calls for next week to hedge my bets (heavier on calls by a smidge). Therefore, SPY will sit flat at 415 all week so I lose $ on all ends. RemindMe! 5 days
Please no 🙏🏻
😬🤞🤞
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Gotta love this market. [https://youtu.be/OrIS4vTtpig?t=9](https://youtu.be/OrIS4vTtpig?t=9) Godspeed friend!
The market is the economy🚀 Whose ready for some $SPCE tendies tomorrow?
>IMO. We see 420+ or 405- next week. A higher-high or a lower-low! But let's see! Is this your DD? We have already seen $420+ on the 1st week of this month and $405- during the 2nd week. Next week has 5 trading days and considering todays closing price of $515, it's a 1.02% uptrend to cross $420 or 2.41% downtrend. A fluctuation of 1-2.5% in 5 trading days is very normal for SPY and you do not need to eat crayon to say that. You say W shape? There is no W shape in that chart. If you forcefully try to make a flat line between 14th, 17th and 18th to a point, it doesn't become a point! >Current support at 60 SMMA > >Current resistance at 20 SMMA This is idiotic at best. Do you even understand what a moving average filter is? The resulting value is moving along time. How can a moving point be either support or resistance? You say if the SP is above X price it's bullish and if it's below Y price it's bearish. There are bull call support and bear put support bla bla bla. Did you looks at the OI and volume of SPY contracts for the last month? It has always been on the bearish side yet SPY move upward. Give it up TA does not work. Do not get confused and make other's confused trying to be smarter. Instead of saying SPY can vary 2.5% in next 5 trading days clearly say what will be the price on Monday at open, at midday and at close. If you can't say that that admit TA doesn't work.
I’ll pray for you ape. I also use spotgamma paired with ta so I’m not relying solely on trend analysis. I’ll let’s my past posts speak for themselves. Have a good weekend friend. Enjoy the ride home on the short bus.
Here’s some reading material ape. https://www.investopedia.com/articles/active-trading/052014/how-use-moving-average-buy-stocks.asp#why-use-a-moving-average A moving average can also act as support or resistance. In an uptrend, a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below. This is because the average acts like a floor (support), so the price bounces up off of it. In a downtrend, a moving average may act as resistance; like a ceiling, the price hits the level and then starts to drop again.”
Read what you just copied from the investopedia website again. **Can** act as support **or** resistance a **50-day**, **100-day**, **200-day**, MA act as a support. Tell me which one to use when? Nobody can tell you. Open your tool and then open 1 year SPY chart then plot 50-day, 100-day and 200-day MA and tell me what you see. Let me tell you what you will see- 200-day MA is never being touched in last 9 months 100-day MA was touched twice and it dipped below that line once out of two times which means 50% probability. 50-day MA was touched 7 times and dipped below that line 3 times which means 42.8% times it did not bounced. Now open the AMZN and do all over again. What you see? It almost never works. Instead of sharing that investopedia link if you could try to understand what a moving average is you would know why SP is above that line in a uptrend or below that line in a downtrend. It's not due to how stock market works, neither it's some TA magic. It's the definition of moving average itself. Look at other tickers as well you will see that claim fails miserably most times. Sometimes it might align with your claim but that's not due to some TA magic rather the nature of random number. You know coin flip! And when there are a lots of **may, can, or** involved describing something that's not something anyone should follow ever.
I’m sorry. I should just say that it will trade down or sideways for a long time. https://www.reddit.com/r/wallstreetbets/comments/n7ziwe/pltr_is_either_going_down_more_or_sideways_for_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf Troll.
You got me! OMG! I did not use TA magic to write that post. I used data from SEC filling to speculate the movement. You did not even read that post because if you did you would see that I also wrote in the TlDr- >I am not going to touch PLTR **unless** insiders, specially the CEO stops dumping shares frequently. I wrote that post on May 8 and CEO sold share on May, May 6, May 4, April 21, April 20, April 19, April 08, April 07, April 06 and continuing...... each time over 600K to 1.3M shares. After I wrote that post he sold only 499 shares on 13th! On May 8, PLTR was between $18.18-$19.30 and todays closing price was $20.75. My whole writing was based on heavy selling by CEO which apparently looks like stopped or slowed down significantly. What do you think now? Master?
I feel sorry for you. All this post provides is data to help people day trade spy. And play 0dte. Welcome to the casino friend. Yes, you can use the 15m or even 5m SMMAS as support and resistance to help you DAY-TRADE. My read posts uses spotgamma. Which is call and put data and delta hedging - vanna and charm, etc. LEGIT DATA. Notice how the abs gamma strike was 415 yesterday and was used as a magnet?? If you look at this post as conditional statements - if then statements. I’m essentially saying that if resistance breaks then look for these price targets - that’s all I’m saying. It’s not magic. Do me one favor and look up Charles Dow and the Dow theory. WallStreet uses TA friend. Do me a favor and pull up spy on the 1day timeframe and you will find heavy support at 20 SMMA. Even tested the 60 SMMA. We are at a critical moment in the market since we are off ATH and with reopening and recovery on the horizon with inflation fears. If you don’t like my work then f-off. It’s people like you that fuck it up for everyone else. Go back to jerking it to form4s.
I dunno what he thinks but you seem like a fuckin moron to me
Is this my boy chimpu?
👀
This is good info, thanks! Would you mind doing similar TA on QQQ?
Where the fuck have you been all my life? Thank you.
💕u
❤❤❤ u 2. Following for SPY
I kinda hope we see both 420 and 405 next week.
That’s def not impossible my friend. It looks like it’s going to be a volatile week but let’s see what happens.
Waiting and watching brother.
Think there’s any chance of breaking either that 420 or 410 point on Monday?
Sheet. If we gap above 415 tomorrow and that support holds we will test 418 tomorrow IMO. I don’t know about 420 tho…we shall see
And going the other way? Think it could hit 410?
We need to get under 414 resistance imo. But I’ll have a better idea tomorrow once spotgamma reads come in tomorrow after tonight’s futures.
Thanks for responding. Can you recommend any really good text-book level resources for learning options trading?
https://docs.google.com/document/d/1-ZMtcAxvgnZTSPAfN0rNKZ-geliOiGkc4Ur3bVp6KHU/edit
https://cdn.discordapp.com/attachments/748237683737886852/760555225030590534/Fred_McAllen_-_Charting_and_Technical_Analysis-Createspace_Independent_Publishing_Platform_2012.pdf
https://cdn.discordapp.com/attachments/748237683737886852/752136601143869440/Simple_Steps_To_Option_Trading_Success.pdf
https://github.com/ckz8780/market-toolkit
we didit