SPDR S&P 500 ETF Stock Discussion

TittieBoi : wait for the pullback to 588-590  before entertain the decision of buying them

WarlockofWallstreet OP TittieBoi : I won't be buying those. I think we are in a bull flag and not a wedge like previously believed. I am starting to think they might not collect the liquidity below just yet, but at some later date. previously, they would gap it at will, and this time around, they are holding it. so hopefully, the upwards movement starts next week.

TittieBoi : I agree with u.

Fredo in the cut : 577 probably gets filled before any bounce but im more excited by TLT this week .

105069706 : Do you think a high or low CPI is needed to rebound?

Ultratech : trump being reelected is pretty bad.  there's nothing bullish about him he brings uncertainty and the market hates uncertainty more than good job numbers or bad inflation data

Deranged Soul 420 : unemployment whoas will continue on Monday choppiness

Emotional Coaster OP 105069706 : For me, it’s kinda hard to tell since I've only started last year December. I found an article from moomoo titled, “What is the CPI, and How Does It Affect the Stock Market?” It could help you on determining which way it will go.

The Carpenter : it's hard to say, holding 580 looks more in favor of bulls but this market it currently very unpredictable and anyone saying they can pinpoint what it will do it someone to be weary of.

TokenSleep : I agree with this^^^.
If PPI and CPI come in strong, paired with dialogue from Fed Presidents that could suggest less chance of interest rate cuts...bearish
Coming in flat or slightly weak, paired with dialogue that could suggest a continued path of interest rate cuts...bullish
These are my best assumptions, but again, no one truly knows how the market is going to react. Personally, I'm looking to scalp in both directions.

Sg-Jin : rough

WarlockofWallstreet : happens, man. when you're up, you think you can never be down again, and when down, you can't see how you could be up ever again.

Edward R : something is better than nothing

The Carpenter Edward R :

129455432345 : Impossible to get that every day. Congrats

Sylos OP 129455432345 : Watch the live YouTube when we trade  I’m sure you’ll quickly say otherwise!

defishu : Do not release any of the loss-making orders..

PrimeTimeFortySix : then my 588 put PRINTS

WarlockofWallstreet : I'll gamble on 80 2$ contracts for monday, the rest is days out in the 600 plus. anything is possible but sofar it has copied July candle for candle, minus the gap down but that was due to Japan ordeal  gl man you're a good trader!

Fredo in the cut OP WarlockofWallstreet : Looks like 581.70 level wont hold . Hence we are now open to 577 gap fill . I would short any bounce . 560 seems to be where we go after closing under this head and shoudlers neckline . Doubt they close us over 581.40

WarlockofWallstreet Fredo in the cut OP : it's possible, i mean, since last week, I've been saying that what was happening now looked a lot like what happened back in July. it pretty much coppied each daily candle except for the last two days.  The conditions and reasons for it were different, but yet they look almost identical. That being said, if it was to pump, it would make sense they gap it down and use that liqyidity as a  springboard prior to moving higher. That's just an opinion, however cheers.