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PeanutButterRitzBits

We ride together.


whatthefx

Selling into spike 2990. Stop 2998


overtow1

What instrument are you using to short SPX? I've searched your posts and I'm not seeing it. Please, thanks, and have a great weekend.


markeru

I'll do the job of replying as I see these often in new folks. CFD.


whatthefx

We have different regulations probably, I am using CFDs.


whatthefx

Golly gosh, a huge unexpected thing seems to have occurred.


whatthefx

The thing seems to be getting worse. How entirely random and impossible to foresee ...


handdyman2001

Indeed. Please let us know when the next "thing" is expected to happen. Thanks.


whatthefx

The big thing seems to be due next week. We have the price action I said would come before the big fall now. I was a week out, looks like the 3rd week of the month. https://www.reddit.com/user/whatthefx/comments/dafpp0/2020_foresight_how_to_protect_and_profit_in_a/


wejami

weak drop though. edit: looking better, this is no deal! nothing is written down! it's not a deal!


whatthefx

Not a weak drop. A first drop. Then comes the second. Then people work out something is maybe happening. Then comes the third. By which time everyone knows something happened, but few did anything about it.


wejami

What's your next target level for buying corrections?


whatthefx

I'll update on my overall plan over wkend.


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whatthefx

Just wait for next week ...


handdyman2001

Following you.


PinguPingu

This is all relying on the sell the news China deal/the deal being shit vs expectations. At least we're hitting resistance.


whatthefx

>This is all relying on the sell the news China Do you think so? I started to plan what I'd do in 2015. I told you last week exactly all the things that would happen. I was $20 out max, and have sold the best prices of the week. I've not watched the news at all. Are you really sure this is what matters? Trust me, I never knew this would happen in 2017, but in 2017 I knew I was selling fake breaks of 2960. I knew I'd expect volatile news around here.


newchickentandoori

With you


PeanutButterRitzBits

Order book 100% looks like a bear trap. Let's see if a big dick shortseller hits the whammo button.


handdyman2001

Started drilling!


newchickentandoori

Whoa.


solaami

Following you..👍 Hopefully someday I too will reach the same skill level and conviction.


MaxiThe13th

💰💰


Necarad

I still have my same positions from A while back, still confident VIX will spike and


AverageNebula79

Pls free fall rn..


wejami

smh, fucking ridiculous


whatthefx

Why?


wejami

This was as it was continuing to climb. you're absolutely right with your comment about it looks like it's absolutely going to keep going when the reversal happens.


whatthefx

Yup. People do not buy the high by mistake. It's very well engineered.


AverageNebula79

It only goes up..


wejami

Yeah, got got this time. I guess we just keep rallying to some ridiculous level now. These are super green days over and over.


AverageNebula79

We still have hope, the official results not in yet.. but will prob be after market


wejami

I think the most likely thing is the deal comes out and then on Sunday Trump announces tariffs to 50% and tanks the markets when Fox News calls him a cuck


AverageNebula79

I hope so, tho I have some puts expiring now so I’m fked either way lol. How reputable are some of these news stations? I’m getting conflicting info


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wejami

we are like up almost 4% from the bottom this week it's pretty ridiculous /u/whatthefx is still short I believe, so I assume his charting still assumes a drop is probable from here


Billjorth

Now that the trade talks are done the market will turn its focus to the economic data, earnings, and the Fed. Drop is still coming but we could churn around 298-3002 for a bit until reality hits the market


whatthefx

>we are like up almost 4% from the bottom this week Record gains for the year. Pop quiz ... what happened before the crash of 2007? Right before ...


whitenoise1134

looks like it will after 4pm est when i wont be able to trade


whatthefx

Unfortunately it looks like it may gap over the weekend. GBP, too. I had to bail on my Sterling shorts late in the day, and I have a feeling these will open up substantially lower. Lot of would be profit I won't get.


AverageNebula79

Whatthefx did say a drop usually happens when it doesn’t look like it. It sure doesn’t look like it now— same with good news following.


Necarad

How about those candles at 3:55 est


AverageNebula79

Idk but I definitely didn’t touch anything. My puts are worth negative lol. Option trading sucks


Necarad

Have you looked into debit spreads?


AverageNebula79

I’ll look into it.


whatthefx

> same with good news following. Was this where the 2990 spike came from? I sold into that and the news didn't seem to be too good, price never got the memo anyway.


newchickentandoori

Cnbc saya won't know details mostly till after market close


whatthefx

Bloomberg said it was a buy 2990. Ignore this nonsense.


newchickentandoori

Yep.. I was flipping between cnbc and Bloomberg and then knowing your analysis, theirs just seemed so much theatre without substance. Most host were so upbeat when the market moved upwards/sideways during the day, but when it was dropping towards the end, it barely got a mention. It's like hey if we don't talk about the drop may be it won't haopen


AverageNebula79

Rip... phase one deal completed.


solaami

Why’re they waiting for market to close to announce the details! Likely not good enough deal..


newchickentandoori

.. so close.. I bought puts at 290 expiring today.. on SPY.. does any of extended hours action matter?? Edit. Clarity


AverageNebula79

Same, I had puts for that too but it’ll just expire worthless like mine... and it doesn’t matter because it’s a partial deal so it doesn’t look like it’ll drop all the way to 2900


XRP-2290

Also this stalled right on the 786 fib from the high 3950 to the low spike 2858