Fun_Bed9734
Fun_Bed9734 t1_iyaxn0i wrote
Reply to comment by BowlSmart9624 in 11-29-22 SPY/ ES Futures and Tesla Daily Market Analysis by DaddyDersch
That's why I chose a 391p. It seems the 20ema and 100ema are at 390 and 391 area. Let's see what tomorrow brings. I do believe PCE will show another sign of inflation going down too, but what JPow says will be very important
Fun_Bed9734 t1_iya4xvj wrote
395 held. I have my strangle for 400c/391p for SPY for tomorrow's data and JPow's speech. Have some cash left to go with whatever direction we go after that speech/Q&A. All signs are pointing to him being conservative and reiterating what other Feds have said, "there's a long way to go still". I just don't understand the pause narrative that some market participants are believing in. That's probably not coming anytime soon
Fun_Bed9734 t1_iy6h22n wrote
Reply to comment by DaddyDersch in 11-28-22 SPY/ ES Futures and Tesla Daily Market Analysis by DaddyDersch
I had bad luck last week. But it's on me. I should've seen how poor liquidity would be, and what a tight range we were on. Greed truly is a mf, but it was a humbling lesson to learn to wait for a proper entry
Fun_Bed9734 t1_iy69yxv wrote
Reply to comment by DaddyDersch in 11-28-22 SPY/ ES Futures and Tesla Daily Market Analysis by DaddyDersch
I'm playing volatility. I'm buying a strangle on SPY. 395 is great support, but if it fails we could see 390 tomorrow. If market ends at 395 then I'm buying 400c/390p strangle. If we end as 390, then getting 395c/385p. Let it ride thru Powell's speech, and maybe play PCE data. But, reluctant. This market is getting more and more volatile with poor liquidity
Fun_Bed9734 t1_iy5lxlh wrote
Not playing anything until closing tomorrow. GDP and Powell speech to set the tone Wednesday. Then, PCE for confirmation, then job data on Friday. Too much could go wrong with any of these data point
Fun_Bed9734 t1_ixnb37i wrote
This will finally help answer the question, "is my neighbor's dog racist?"
Fun_Bed9734 t1_iyazk89 wrote
Reply to comment by DaddyDersch in 11-29-22 SPY/ ES Futures and Tesla Daily Market Analysis by DaddyDersch
Me too. That's why shit has been in such a tight range. I dunno how many ways the Fed can say the same thing before it sticks lol