I know some of you had questions, right now I'm having trouble accessing my gmail account. The short answer is that I do believe that we have a decent positive divergence that could lead to an early bounce sometime tomorrow morning. I don't know how long it will persist but for short term traders thinking of taking profits in AH, I think it probably couldn't hurt as you will probably be able to get back in at better pricing.
The EOD divergence that was positive was on 1-5 min. charts, it was the best of the day, but we did see an earlier one fail and another not produce much.
5 years ago
9 comments:
SPY is trading in AH at the $108.72 range. Is that significant for the market even though it is in AH?
Looks like they spent the last 2 hours driving up the Eur/usd trade to let it fall after the stock market closed. Just seems like odd trading action. Almost like this sell off was to orderly in fashion and they only wanted it to sell off so much. Maybe to keep it from the big drop so others can get out slowly with out to much lost.
Yeah, under $109 would have been big trouble tomorrow, they defended that area several times. Like I said, I think they realize, but want to keep the sell-off orderly-no flash crashes.
Hi Brandt,
The SPY is now at 108.18 after hours, well under 109.00. How does this affect things now?
$108.04 was the low so far that I see. Just a few minutes ago.
Hi Brandt,
I think we need some guidance on what the highest probability is for tomorrow. As at present, there are conflicting signals. What's the best play here?
I'm with you on that, I wasn't expecting to see such a large drop in AH. I am up another $1.40 in TZA after hours and tempted to lock it in, but doen't want to jeopardize possibilities tomorrow. Initial claims are always scary because they can move the markets quickly one way or the other and recently no matter how bad, it has always been up market.
I'm Leary of Ah but it's significant. I think it trades to 8 pm , honestly I don't know. They could be manipulating ah as it is easy to do. I have a long term perspective so I don't really try to trade around these too much as you can lose out on a good move. I have no 3c ah data. You could take partial profits but other then that I don't know. I find it strange they would defend 109 all day and then let it slip in AH. My best guess would be MM s loading up for a bounce play. But it's just a guess. Long term I think we go much much lower. Hope it helps
I don't know, 108.30 area, that's pretty low but I'm guessing retail got home and put in sell orders. MM's could be picking them up on the cheap. Whatever the report says in the am, they still probably would have the ability to spike it temporarily. The positive divergence are on 1 and 5 min. and started on the 10 min. I believe at some point tomorrow, they'll bounce this, whether they get up very high is anyone's guess. AH is so difficult to tell because the volume is so low that it is very easily manipulated.
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