No BS from me..just using my Wall Street Live charts.....................
ZNYN..every technical matters here in getting back to 40...the one thing missing is volume....still need shorts to cover..the longer they wait, the quicker we see that 1 day gap up.
GL..I know you're long like me
is very bullish confirming a short term reversal..
Volume is still under Avg...very curious about how she'll close...
Been at this since 1995..when a block trades and it is followed by a much higher close it generally indicates a covering here........I'm watch those W-38-puts..lot's of Open . interestI left going in to tomorrow....a nice play is the 38-W-calls..cheap but could score a good amount of percentage points..it is speculative...
Source CBOE Live
source CBOE Live
they look to fall more and the bias to 38 is to the upside by the close...........still bullish...Vix -1.92
no sellers at this volume either..it could swing either way....you win or I win...not concerned..
The SPX has to support 1625 for a few days then we will all move on to 40..........
Don't you realize that the indices are struggling with a correction here. You seem to blame CRM's price separate and aside from the facts of the market's sentiment. Of couse that 2bil buy is causing an issue in its price but it is going to become old news.. When and if the SPX finds it's base at 1625 and heads north, what do you really thing CRM's price is going to reflect?
the idiots refuse to watch the 38 w-Puts. go ahead and short, you'll learn a good lesson here watching my live option calls....
The bears are pressing the 1608 SPX line to crack...a retest of 1598 could be at hand.....a college try is feasible.....let's see.
Yes 1625 is crucial but not over 1 day..this has to hold at least in to next week. A loss of 37 support will be very bearish, support above it will reverse the bearish trend. I'm Long here.......BTW, Thursdays reports are helping the futures and hopefully CRM but needs to score above 38 today..The 38 W-Puts need to fall to confirm it. I was not impressed by their trades yesterday and this made me feel more bullish but we will have to wait until next week..GL
REF: CBOE Live..
REF: Lev2 Al