SPDR S&P 500 ETF Stock Discussion

Fredo in the cut OP : if you adjust were we close its slightly above the yellow line meaning a rally could be instore tomorrow technicaly but i felt since friday we should of seen 554 this week ..

Sumgai : Would 564 be the magic number where if the price hits it and bounces, the trend is upwards? And if it goes down, we can expect the price to go down further?
i.e. wait and see first before doing anything?

Fredo in the cut OP Sumgai : yes tomorrow will be a wait and see . tbh i hate fridays but maybe its a big move before china meeting on weekend that could be the excuse to move us bigger than normal fridays

Fredo in the cut OP : if anything we have close above 565 for the first time since friday

jhays : fr bro same ol spot

MIKS9999 : RIP

CaptainBoi : Short term rally on good news. The deal wasn’t really that good in my opinion. Still 10% Traiffs and reduction on steel and aluminum and cars. 50b worth of goods are still subjected to tariffs lol.

Mack_2848 OP CaptainBoi : can't make this stuff up right lol

山脚 : Yah I totally regretted
I misunderstood the tesla Bullish breakout and added in when I thought it broke out my apparently it was just another fake like all the other days didn't cut loss the very end dive was devastating and I loss all the gains for the day with a - 20%loss for the account.
Should have just pack my bag and leave in the noon, not even thinking about shorting. Right side trading is a big nono for me.
Very hard lesson.But u did great as a guide for the starting calls.

Sumgai : Thanks for the guidance. I lost 300 bucks overall, because I didn’t fully think the market would go up. Sold my puts and bought calls late. If I didn’t sell I probably would have lost 2x that.
You said that it would likely rise to 572 but I looked at the chart progression and thought, nah, better to sell so I did.
Overall it was a good loss and I learnt quite a bit today.

Fredo in the cut OP Sumgai : bro even when i said im back its going up you had another shot for 100% . all my calls closed green . you either chased the move way to high or bought way out the money calls

Fredo in the cut OP Fredo in the cut OP : see even after that first drop you had a run to 3:30 to sell at profit if you bought where i said

Sumgai : True, I missed out on that because I didn’t think it woud move up based on the price movement at that time. I need to study more about TA on my own also.
But thanks for the signals, they help a lot.