S&P 500 (SP500) Options

Red Line Roundup------SPX Retake 30 min Red Line---ES Dropped Below It's 30 min ! Very Odd Mkt !

Pivot Calcs: SPX Pivot--5900----R1--5938----R2--5959----S1--5878--S2--5839----SPY--Pivot--588----R1--592----R2--595----S1--585----S2--581-----VIX Pivot--17.33 !!LOL!! (VIX Pivots Trending Higher---More Volitilty )

Thought the Premiums were Hi at the open also ?? (Both sides)

We were in the West coast Bomb Cyclone Atmospheric River !---The storm center hit north of us -Oregon-- Washington---looks like did a lot, of damage up there! --Minor damage here ! Lucked Out !

Only a Foot or So--Not as much as forcasted--But did knock out the power & net all of day--have sum off grid power (Gennies ) we were Ok Tks !

Power got knocked out last night.....Trees were coming down.

Get Ready -
and go to this public chartlist, page 17, the chart of the top of the Internet bubble in 2000
Look at the volatility, look at the "manic depression swings"...
By the time the true downside started, in Nov of 2000, many of those trying to trade had already been broken by the volatility.
It's coming, and the entry points on trades will be the most important part of the trades.

https://stockcharts.com/public/1684859/tenpp/17

high premiums for this time of day

How much snow you getting?

LITS for This morning VIX Fib at 17.80----For Shorts Target VIX Fib at 19.36----VIX Reversing Upside !

Closed 590C .78!---Take It 50% +----Snow Pillin Up--May Get Knocked Off Line !!

Covered 1/2 590C .88!

Ridin 590C .52 from S1----Same as Tues ?---Northeast Ca--Big Snow Storm Now !

It’s like Eddy Vedder sang, ‘how quick the sun can drop away’

Oh my something broke?

Pivot Calcs: SPX Pivot--5898----R1--5941----R2--5966----S1--5873----S2--5830-----SPY--589----R1--593----R2--596----S1--585----S2--580-----VIX Pivot--16.55 !!LOL!!

Yeah like I’ve said many times, it’s gonna take an asteroid to bring this market down, unless it’s this one of course…

https://www.unilad.com/technology/space/nasa-psyche-16-asteroid-mission-money-503039-20241119

SPX 30 min Red Line Da Big KAHOONA ( Mother of ALL Charts !! )---We'll See Weds ???---!!LOL!!

Oh, it's def gonna fill that gap at 592.65, cuz today's KEY REVERSAL and stochastics buy signal say it could gap open in the morning and form a 3 day ISLAND REVERSAL which is a super powerful charting signal, look at Tesla, it's got dual 9 day Islands...markets got the election catalyst still to play out till Jan 20 imo
GOD BLESS AMERICA! I'm so happy watching Fox news!

Charts----ES on Fire---ES R1 5944 for Today!----SPX Needs Hold 5912 for W Pattern B/O---Both Indices Holding Today at Higher Pivots & 5 min Red Lines !---Also Both Have reclaimed respective 15 min Red Lines !!

SPX 5 min MACD & CCI Both Leading Up EOD---Easy Trade !!---590's were Right at The Mony & Cheapos !!

Closed 590C ,58! 3 Bagger Part 2 !---Tks Again Boys!----Vix Flipper Upside !!

Run It Boys !!!

Covered 1/2 590C .44! Daily Double !

Come on Boys--Give a Little Juice EOD !!

SPX 5912--R1 5912---The Decider ?

Waggin 590C .18 ?

590C .18 vs 590P .41---Vix Flipper ?

The bids and support vanished
like a fart in the wind.

is it trying to close the gap at 592

Closed Straddle --590C 1.20 ! Daily Double !--- Take it ! Tks Boys !!

590C 1.22 !

R2 5931 !---Go Boys !

Closed 588P .12!

NVDA is to hot.   It runs the market.  I have just gone long and see no rationale to the evaluations.  All old way of thinking has been thrown out the window.

Can't help it -
Just see risk/reward here completely in favor of the Bears.
Bought puts, scaling in, portion buy -
the Dec 13th QQQ 500 puts at 7.45
Will watch to add...

Will the Bulls have the confidence in the Greater Fool Theory to
not dump shares during the last 90 minutes.

It's the govt irrational, irresponsible overspending which has caused this euphoria -
at what point does the market "face reality" and react to this unsustainable path.
New admin wants to cut and control spending, but can they without crashing it all.
Bond market signaling big danger.
There's just no way I can be bullish at these bubble levels,
Companies with 5% growth with PE's of 40.
Shiller PE at 38, Executives dumping, Buffet on a mountain of cash, etc...
Mind boggling and it's sad that the naive retail holders are gonna get cleaned out.

All hail the bull market!!!   Nothing can stop the US stock market!   P&Es mean nothing.   I've gone long and until the computers are shut off I will hang on.  There is no other way than up.   

I see breadth weakening -
RSP has been red, MDY has been red,
IWM fading back to flat on the day,

and QQQ hits another new intraday high here... 502.10
Astonishing - she's a powder keg -
Unsustainable.
Risk/reward favors puts -
The rug pull is coming for the Bulls.

Even war news can't keep the market down! Bottom was hit this morning at 584.03, now we rally back to new all time highs imo!

Straddled with 588P .27! ----Maybe one Will Pop!--Ride or Burn !---Stuff Ta Do---Big Storm Commin In --Atmospheric River ??? Batten Down The Hatches--- Check back latter !!

Bottom Line ---Have to Hold SPX 5 min Red Line & Pivot or back down into falling Channel !---Monday Inside Day----Today The Decider??

The Double Bottom Made a W Formation on SPX 15 min Chrt---W Top is R1 at 5912---There often explosive ?--

STOCHASTICS BUY SIGNAL ALERT!

Waggin 590C .30 ! ---Mkt Ridin SPX 5 min Red Line Like wants Up ?

WAR KEY REVERSAL ALERT!

Closed 588P .54!---- Still 50/50 !--SPY Balancing Act at Upper T/L Falling Channel !

Scalped 1/2 588P at .68!

Ridin 588P.44!---Looks like Mkt Fadin SPX 5 min red Line ?

Mkt Double Bottom Off SPX 60 min Red Line ----MACD & Stoch Say Want UP ?

Astonishing bounce today, But
Now we're looking tired and exhausted.
Keeping an eye on the 5 minute candle charts.
QQQ here at 501.20 and the SPY at 588.70

Watching closely to enter the Nov 29th at the money puts.

I could see solid selling going into the NVDA report.