Whoa this is Yuuuge info - Friday at my Stealth Advisor's firm every trader's Bloomberg terminal had a 6x8 inch Red Alert NOT to sell any instruments SPXW, SPY, Eminis before 1PM EST Fri Jan 4th as the FED was buying to Support the Markets so we would not have 3 sell-off days in a row - Who says Powell does not listen to Trump! My stealth advisor suspects the Fed bought at least $1 Billion via JPMC and/or GS to "support" the market via a little known Exec Order from 2016 giving the PPT and Fed the ability to directly buy Securities and related instruments (SPXW All Market Eminis etc) and direct equities to support the market to prevent successive down trending days that automated trading triggers could massively sell off.
Interesting how the Fed drove the SPX Daily Chart from its 9DMA up to its 20DMA and stopped - so I did enough buying Friday unless the Fed decides Monday to drive it up further to the 50DMA but that is then not just supporting the markets but actually manipulating (a matter of semantics to some) so they may be done buying for now.
https://www.investopedia.com/terms/p/plu...n-team.asp
Yesterday was a Fed PPT buying day that skewed all of our targets and calculations that in fact drove the market up 110 pts (SPX) before the institutions could begin selling at 1PM (And did they Buy but only SPYs SPXW and ESH2019 Eminis) however no large private block trades between institutions were allowed yesterday - he said they always comply because then when they are eventually fined for any too aggressive trading the SEC takes it easy on their fines (The Bigs do not seek permission ...they negotiate forgiveness). It was a slow day for his team they only captured 110 pts of ESH2019 Emini futures movement and only cleared $45M profits. Fortunate for me he likes to smoke Maduros and do "manual" EOW reviews every week ever since April as a way to reinforce and doublecheck that all of his Bloomberg and Institution program Systems are not going off the rails ...
So bottom line we spent almost 4 hours over computers, cigars and calculators recalculating about 50 mathematical permutations, correlations and probable combinations of what could happen Monday - the technical point where Fed Buying ceased Friday and the market probabilities if the Fed will buy again Monday?
Friday was supposed to be an impulsing third sub-sub-subwave down (Orange small 5 Wave Count - of the White 5th leg - of the Purple MajorWave 3 - a double impulsing wave three which still needs to complete) inside an impulsing larger third subwave down completing the S&P Supercycle Wave 4 down as shared previously (See SPX S&P "cash" Supercycle Chart Bottom of this post. The rule is Larger Waves govern Price Targets/ranges however the smaller waves Must complete their moves prior to the larger waves finishing.
https://www.tradingview.com/chart/ES1!/5...o-5-Waves/
Therefore instead of rapid double impulsing 3 waves down acceleration profits my Puts lost value yesterday so not having gone all in I had a cash reserve to DCA a few handfulls of Feb and Mar 2019 220, 230 and 200 SPY Puts... at very deep discounts - our original Buy target for the Feb 220 Puts was below $2.00 - I actually laddered in Feb 220 PUTs from 0.98 cents down to a few at 0.70 cents yesterday that's how much buying the Fed did and gave me some rare Fed induced PUTs bargains.
Also, the SPXW looks like an opportunity lots of action around the 200SPY/2000SPXW as institutional portfolio insurance and both a thousands and century TA target. If the 2000s dropped 45% in one Fed Buying Day I can imagine how much the PUTs will go up in value when we hit our Purple White and Orange wave targets above.
SymbolLastPrice$ Change$ Change% Qty Price WhenAdded DateAdded TotalGain$ TotalGain% Value$
SPXW Mar 29 19 $2000 Put 6.34-5.36 -45.81%18.3712/10/2018-203.00-24.25%634.00
Let's see what happens Monday - If no Fed Buying the market will revert to finishing the 40 Year SuperCycle Wave 4 Down as previously Calculated and I will be capturing a lot of Puts Profits.
Then it is Supercycle Wave 5 (SCW5) Up to .618 of SC Wave 1 to the S&P ATH of 2944 or 100% SCWave 1 = SCWave 5 in the 3455 to 3500 range.
https://www.tradingview.com/chart/SPX/35...g-Average/
Note: If you click the blue right arrow in the white dot on the right the Chart will update with the most recent closes data.
May we live in interesting times in 2019...
Cheers,
Deepdiver
NOTE: These discussions and any associated thread posts are not intended as investment advice in any way shape or form and are mentioned for informational purposes only now that we are entering a Major 40 Year S&P Supercycle Wave 3 to 4 Top Turning Reversal and then the Supercycle Wave 5 retracement. Seek competent professional advice to determine your risk tolerance before trading Options or Futures contracts. Never invest more than you can afford to lose.
Interesting how the Fed drove the SPX Daily Chart from its 9DMA up to its 20DMA and stopped - so I did enough buying Friday unless the Fed decides Monday to drive it up further to the 50DMA but that is then not just supporting the markets but actually manipulating (a matter of semantics to some) so they may be done buying for now.
https://www.investopedia.com/terms/p/plu...n-team.asp
Yesterday was a Fed PPT buying day that skewed all of our targets and calculations that in fact drove the market up 110 pts (SPX) before the institutions could begin selling at 1PM (And did they Buy but only SPYs SPXW and ESH2019 Eminis) however no large private block trades between institutions were allowed yesterday - he said they always comply because then when they are eventually fined for any too aggressive trading the SEC takes it easy on their fines (The Bigs do not seek permission ...they negotiate forgiveness). It was a slow day for his team they only captured 110 pts of ESH2019 Emini futures movement and only cleared $45M profits. Fortunate for me he likes to smoke Maduros and do "manual" EOW reviews every week ever since April as a way to reinforce and doublecheck that all of his Bloomberg and Institution program Systems are not going off the rails ...
So bottom line we spent almost 4 hours over computers, cigars and calculators recalculating about 50 mathematical permutations, correlations and probable combinations of what could happen Monday - the technical point where Fed Buying ceased Friday and the market probabilities if the Fed will buy again Monday?
Friday was supposed to be an impulsing third sub-sub-subwave down (Orange small 5 Wave Count - of the White 5th leg - of the Purple MajorWave 3 - a double impulsing wave three which still needs to complete) inside an impulsing larger third subwave down completing the S&P Supercycle Wave 4 down as shared previously (See SPX S&P "cash" Supercycle Chart Bottom of this post. The rule is Larger Waves govern Price Targets/ranges however the smaller waves Must complete their moves prior to the larger waves finishing.
https://www.tradingview.com/chart/ES1!/5...o-5-Waves/
Therefore instead of rapid double impulsing 3 waves down acceleration profits my Puts lost value yesterday so not having gone all in I had a cash reserve to DCA a few handfulls of Feb and Mar 2019 220, 230 and 200 SPY Puts... at very deep discounts - our original Buy target for the Feb 220 Puts was below $2.00 - I actually laddered in Feb 220 PUTs from 0.98 cents down to a few at 0.70 cents yesterday that's how much buying the Fed did and gave me some rare Fed induced PUTs bargains.
Also, the SPXW looks like an opportunity lots of action around the 200SPY/2000SPXW as institutional portfolio insurance and both a thousands and century TA target. If the 2000s dropped 45% in one Fed Buying Day I can imagine how much the PUTs will go up in value when we hit our Purple White and Orange wave targets above.
SymbolLastPrice$ Change$ Change% Qty Price WhenAdded DateAdded TotalGain$ TotalGain% Value$
SPXW Mar 29 19 $2000 Put 6.34-5.36 -45.81%18.3712/10/2018-203.00-24.25%634.00
Let's see what happens Monday - If no Fed Buying the market will revert to finishing the 40 Year SuperCycle Wave 4 Down as previously Calculated and I will be capturing a lot of Puts Profits.
Then it is Supercycle Wave 5 (SCW5) Up to .618 of SC Wave 1 to the S&P ATH of 2944 or 100% SCWave 1 = SCWave 5 in the 3455 to 3500 range.
https://www.tradingview.com/chart/SPX/35...g-Average/
Note: If you click the blue right arrow in the white dot on the right the Chart will update with the most recent closes data.
May we live in interesting times in 2019...
Cheers,
Deepdiver
NOTE: These discussions and any associated thread posts are not intended as investment advice in any way shape or form and are mentioned for informational purposes only now that we are entering a Major 40 Year S&P Supercycle Wave 3 to 4 Top Turning Reversal and then the Supercycle Wave 5 retracement. Seek competent professional advice to determine your risk tolerance before trading Options or Futures contracts. Never invest more than you can afford to lose.