Comments on: Bearish Engulfing Candles On Multiple Indexes 2-21-25

By: rsotc

rsotc — Mon, 24 Feb 2025 17:16:06 +0000

In reply to George. Indexes likely to ping-pong around erratically until after NVDA reports Wed after the close. Active traders might opt to game the intraday charts while longer-term swing & trend traders might consider sitting tight (or lightening up before NVDA reports, if risk-averse) & stick to trading off the daily & weekly charts.

By: George

George — Mon, 24 Feb 2025 16:23:25 +0000

Any thoughts on covering QQQ at ~520’ish area (it was close already today) and going long?

By: rsotc

rsotc — Mon, 24 Feb 2025 14:52:58 +0000

In reply to Imadaytr8r. Awesome trade, congrats! Remember, NVDA reports Wed AMC so that will likely determine where this market goes from here.

By: Imadaytr8r

Imadaytr8r — Sun, 23 Feb 2025 21:52:39 +0000

In reply to Imadaytr8r. Confirmation would come next Friday, not tomorrow. … these are weekly candles

By: Imadaytr8r

Imadaytr8r — Sun, 23 Feb 2025 21:17:46 +0000

Randy, I happened to catch that EBC at the beginning of the day when the SPX was at 6110 with a 0-DTE 50 wide butterfly put option centered at 6020 for a debit of $2.55 ($255) … I rode the lower highs and lower lows all day long and let the butterfly go at around 11:25 PST for $27.90 ($2,790)! Over 10X in just 4.5 hours!!! … you’ve always said there’s nothing more powerful than a swift stampede for the exits! You certainly weren’t kidding! Hopefully we’ll get confirmation Monday then it’s off to the race$! Thanks for showing how wide spread Friday’s stampede was!

By: Mikeflegel

Mikeflegel — Sat, 22 Feb 2025 10:50:42 +0000

The carvana call nothing short of awesome.