200 day SMA that we blew through yesterday. Volume dropping off as we test it.
Looks like support was found at the 50 dma, the 10 dma, the 90 DMA, and the 200 dma. Really strange all these moving averages converging. What's that mean?
UAL in deep poo poo.
$20 and $21 are both attractive options targets (max pain theory). Could pin at either one, or right in-between at $20.50. Either way not expecting too much more drama this afternoon.
oils up 107 and change.
The 50 mma is about to cross the 200 mma. That should "help"
Were popping above the 200 mma. Let hope beats the resistance.
Don't do options. Looks like the bottom is now 19.72.
"You watch at 12:30 there will be a lot of covering by the day traders."I hereby prematurely nominate this for call of the day. Nice one!Was that your trade in the April $18 calls at $2.30 by any chance?
"at 12:30 there will be a lot of covering by the day traders"Volume coming in just as you predicted, price moving up. Good call.
You watch at 12:30 there will be a lot of covering by the day traders.
Strange the price is falling but I seeing most buying. Odd.