Thanks a lot Peter. Good insights. Juncture for sure. I am leaning short but would not be surprised they clean all shorts out with a nice blowoff phase (a week or so) before we start a nice descend/correction back down. Volume still low I believe. Greeting from Athens ...Greece!
Thanks Peter that you took time to address this particular situation. Currently neutral myself your take confirms what I feel about the action today. I also remember that the run up last week didn't convince you and therefore I like to see this week closing and some more good action next week until I turn positive.
The 50 basis point was the positive catalyst that is driving to market up. The presidential election is right around the corner. The market is not going to crash so we should be bullish.
Sadly, a lot of experienced traders got slaughtered the past week or so LOL. I feel ya, but damn, ya just gotta scalp the move because the "big" move down can happen anytime. Also, it could just keep squeezing up.
Also, you should note that a good pullback is about to happen. SPY climbing on low volume. You gotta really wait for the day it fails to make a new high and sets in a new daily low. The past days, it's been making newer highs and higher lows. But this gap up has it topping out.
You're still holding onto your short position? WOW! I would be scared to even consider sleeping the nights. Wish you the best and really mean it. I got taken to the sheds myself.
It’s sheer manipulation, I watched the futures rammed up at 6 pm eastern time and throughout the Asia time zone, I know it’s a squeeze so i jumped on the bandwagon and made decent profits yesterday 😅
Awesome short and sweet Analysis. Thank you , Peter! Looking forward for the next one.
Totally agree!
thx Peter, greetings from Poland, good job overall, big fan
go Poland
Thank you Peter.
Thanks for your insight.
Great videos and analysis... Thank you...
Excellent to the point analysis. Thanks Peter!
Thanks Peter, always waiting for your videos
Thank you very much
Another fantastic insight into the market.
Thanks Maestro...
Very helpful, thank you!
thank u sensei for your wisdom
Thanks Pete 🎉🎉 That really helpled a lot 😊
Thanks a lot Peter. Good insights. Juncture for sure. I am leaning short but would not be surprised they clean all shorts out with a nice blowoff phase (a week or so) before we start a nice descend/correction back down. Volume still low I believe. Greeting from Athens ...Greece!
There’s a gap in Nasdaq at 20400, I’ll watch it and most likely place my first bet there
Yep .....sounds good!
You’re the best Peter thank you
Hey Peter, settlement was 5778 same as VPOC and mid point was 5773
Thx peter
Thanks Peter that you took time to address this particular situation. Currently neutral myself your take confirms what I feel about the action today. I also remember that the run up last week didn't convince you and therefore I like to see this week closing and some more good action next week until I turn positive.
Thx
100% with you on this!
Peter how long did it take you to become a full time trader from when you started?
Could we be seeing a reverse market crash?
Not ONE comment about OPTION EXPERATION FRIDAY… possible targets?????
570
564 be there or be square
🫡
Wednesday target 560
$VIX mostly went up during the session and then dropped back to opening price - so no new low for the day - not a good bullish sign.
The 50 basis point was the positive catalyst that is driving to market up. The presidential election is right around the corner. The market is not going to crash so we should be bullish.
Sadly, a lot of experienced traders got slaughtered the past week or so LOL. I feel ya, but damn, ya just gotta scalp the move because the "big" move down can happen anytime. Also, it could just keep squeezing up.
Also, you should note that a good pullback is about to happen. SPY climbing on low volume.
You gotta really wait for the day it fails to make a new high and sets in a new daily low. The past days, it's been making newer highs and higher lows. But this gap up has it topping out.
Self denial can be a dangerous ordeal ........
Sir, you are damn right! They are trying to liquidate my shorts believe it or not !
You're still holding onto your short position? WOW! I would be scared to even consider sleeping the nights. Wish you the best and really mean it. I got taken to the sheds myself.
They definitely don’t want the Put Option players cashing out with a profit. Options expiration tomorrow.
Yep, there was heavy hedging
Not a healthy market
Witching Friday may be the end of UP…. For now🧐
It’s sheer manipulation, I watched the futures rammed up at 6 pm eastern time and throughout the Asia time zone, I know it’s a squeeze so i jumped on the bandwagon and made decent profits yesterday 😅
$HUM nice call! Play $GFS today 11/15 40.00 Strike!!! 100,000 to 1M happy trading!
You’re not convinced, I’m not convinced either, and they’re not convinced, hmmm ….
It was a great day, I'm wishing your analysis doesnt come true hehe
Divergences everywhere. $SOXX with weekly bear cross of 10/30.. Caution!
Q's have upper gap to fill