Another huge intraday range today

Hahaha. You are funny, bro.

 

So far the market cannot go through 1516 and has been struggling since the morning. We will see. One way or another come 3:30 the market will move.

 

More likley we get a slow afternoon grind higher

 

Yep, same as every other day that ends in "y".

 

Well the ES has not broken 1515.25 since 12 noon. That is more than 150 minutes of hitting it but not penetrating it. Therefore, some profit taking should occur. Something big???? I doubt it, but like a stated before, a minor correction should hit the market before 4:00. TIME WILL TELL!

 

It's the British and their 'Bank' Holiday

 

Let them know how YOU do it unless you
have been joking?

 

I did my homework and now found an excellent strategy that works well in the current market environment of steady small daily gains in the indexes.

Every day, I just keep short selling ES puts with a strike 5 points OTM. Actually zero risk for the seller since we go up around 0.5-1.0% every week like clockwork. Easy money and there are plenty of morons that still have bids out there that I just keep hitting, thanks for the free $$$.

 

Damn, that sounds like some really "tight" resistance. Try hitting it harder.

 

this is extremely boring, amazing how a few key words at 2:15pm on wednesday can move a market. Why is the market waiting 2 days before making its move, everyone knows its upon wednesday at 2:16pm. Its going to be an even bigger up day than the last fed meeting when the dow surged over 150 points. I think the dow is good for a 200-300 point gain on wednesday afternoon.