By the way on the chart I posted yesterday I noted a bounce line on the hourly lower BB. Sure enough we did bounce about 10 points, but the SMA as often times does caught it and turned it back today. Market is looking weak and ready to go lower...
And violate Pekelo's second gap commandment? I'll be looking to play NVDA long calls if we test that level.
I think we are close. I expect a quick dip down maybe 5 more points with a big bounce. Probably not get a full fill on the 2740, but that was so big if 3-4 points left unfilled, I am OK with that. The reason for the bounce is that we are sitting on the daily SMA line already... While I typed this it is happening already...
Here is the daily chart showing how the upper BB stopped the rally and how it is most likely to bounce from the SMA, although 6 points still left unfilled... (so far)
Got my 20 ES points!!!! PS Late (last 30 min) yesterday I spotted a really , really cheap ATM option. Probably a mistake , but no one took it. Not even me because I was distracted and I like to leave money on the table. I rarely find gold like this so its not like I have 10 of these a week. I'm amazed some bot didnt pick it up, probably because its a low volume stock . I happen to have it on my watchlist. As of this am its a 10 bagger. Yep . A 10 bagger. I won't even say what the option cost, ,cause you'd really shite yer pants. I used to post stuff like this on twitter and even here LIVE , but those days are long long gone.