futuresNoptions trading - mostly indices/commodities

decided to start own thread for anyone that likes discussing futures/options

currently somehow upset that I didnt ride /clj20 and /ngj20 out, which is crazy talk but considering the price.

weird market; anyways feel free to voice opinions and predictions!

Great idea Ren!

S&P prediction 2300

Didn't trade NG today.
NG 1M scalp chart with some examples

Looking at Gold (GC) for possible entries (4M chart + H4).
Price hoovers around weekly Fibonacci pivot point

DOW almost at S3 weekly pivot. With a daily loss of about 4,5% this might be a good spot to scalp.

H4

added some longs

killed it with some profits

Great thread renNstimpy! Count me in!

Why 2,300? There's decent support at 2,400:

Agreed to some degree, I do think we're at pivot at the moment.

Trends either breaking or we're seeing a bounce.

My plan is to setup a couple of options puts, with some SPX calls to off set risk, /VX looks insanely interesting if anyone is looking to take more aggressive moves

Personally got burnt trading /cl and dow after hours last night. Sticking mainly to options, dont have enough control to trade active 1m candles given the market as of the past few days.

Regardless gonna be interesting to see how things move from spx pivot.

One last thing to note fed has already lowered rates, with rates the market seems fairly weak from my POV.

Not to say there wont be a bounce, there could easily be a bounce off the current 2700 trendline, but if this trendline breaks at 2700 zone. I do believe we are seeing big red on SPX and most likely NQ

Bounce or blood on spx and nasdaq before week's end

Trump just spoke and my initial thoughts are his proposals aren't sufficient to stop this. Risk off is creeping in, SPX <2,700.

Not sure myself, futures market looks crazy.

Wish I went abit bigger. Hard to say if SPX trend breaks where NQ will be

Trump’s speech disappointed traders tonight. He’s either not taking this seriously enough or he’s being constrained politically by what he can do. Either way, base case is recession and risk is still way overpriced for that.

I hate to make this call, but I suspect there’s going to be a market crash tomorrow. Currently futures are down 5% and it seems likely equities could drop over 10% by tomorrow close.

Watch for another emergency rate cut by the Fed.

Dow small retracement from weekly support? Let's see what the future might bring.

Just plain symmetry mate, usually taken form a significant high/low of impluse wave.

Try it out, works intraday too

Not everyones cup of tea

See gold chart

Not sure if im alone, absolutely zero sleep

Best of luck everyone, not sure why I bother even writing this. But my life is pretty much just the market at this point so why not

Goodluck everyone!

pivot break/bounce

Great week up till now beside 1 fuck up trading the ZB contract