agree with you mindlux. The 50 weekly MA is only a temporary support for this week. It will break next week. Sideways for a few days to burn premiums
not a good sign. If today closed at 63.5, then a better chance of going higher to 65 tomorrow. Since today down .50, a white candle but down day, tomorrow and Friday will be between 59 - 62. Next week will see low 50s
look at RSI last week 3/5 3/6, its a lagging indicator. Might see bounce to 62 then down again. Markets getting tired, not helping bullish move
1999 -2000 it happened to me, did not sell because of capital gains, then April 2000 crash came. Everyone needs to experience market crash at least once in life
sold 5.5C and 5.5P, collected nice premiums. JCP closed at 5.51, will find out Sunday night if I will be the owner of this turd at 5.50, then I will sell covered call against it. Per Barron's "do I hear $2.5? "
looks like that gap won't be filled this week. Max pain Friday around 63-65