My Infinity DOM is showing an opening bid of 1280........1280!!!! Anyone else? I know it's WAY before open, but still I don't remember seeing the DOM listing a price that was super far off from the actual opening price...
Some of the longer-term levels I'm looking at on the SPX... White lines are upcoming option expirations, white boxes are strikes im considering selling verticals @. Would like to sell the Aug put spread on some early morning weakness (wanted to do it friday but reaction to the NFP# didn't cooperate with the plan) and ideally get a short-covering rally later in the week and/or into the next week to sell the Sep call spread, do some type of ratio, or sell a much smaller number of calls outright. We'll see how it goes, considering the downgrade. Should be another interesting week.
The dollar is getting clobbered. Correct me if I'm wrong but ES could explode. We may reverberate a bit but this may snapback so hard some will get their necks snapped. I wish I wasn't such a namby pamby trader and bought a lot more. But sometimes it's hard to step in front of a freight train screaming down the track.
I will have a trade Long 1 contract > 119750 Profit goal 120850 and stop loss <.16 :1 per trade The other will be Sell 1 contract< 119750 profit goal 118075 and stop loss <.11 :1 per trade The stops happen if there is a reversal. If the market opens +/- 2 points the trade is aborted until the first reversal happens. I use 1 or 2 contracts ( max.) to sweep up the losses and commission costs so the primary contract can make it's profit goal. I will not be able to give an individual trade by trade, because I have to pay attention to my exposure. So I will give a result at the end with a p/l or trade activity profile if I can download it properly. When a profit goal is successful I will shut down for the day trading ES mini.
Yeah I'm starting to think that this 1280 isn't a glitch.... If we do open up there, we will be back above the daily TL that failed this week. We could see some inverted H&S action and another rip!
Update #1 Dow Futures 11,125 - Down 370 points SP Futures 1168 - Down 27 Points Will monitor market every couple of hours until I go to sleep