SPYder_QQQueen_Trading

SPYder_QQQueen_Trading

DIA has had a solid sell off ever since we made new all-time highs on December 4 look at that 35 EMA (the red line) We’ve been trading underneath at the entire time and right now as I’m posting this about an hour and a half before FOMC we’re sitting right at that level. It is a critical level. We’re also sitting right on top of the 50 day moving average and then...

SPYder_QQQueen_Trading

Wow guys look at today’s chart for FOMC for IWM. We had a really solid sell off after making new all-time highs after three years back on November 25 and that 35 EMA has been front and center. We did take it all the way back down to the 50 day moving average on the 30 minute timeframe we’re on the one hour timeframe and we’re bouncing on the 50 day moving average...

SPYder_QQQueen_Trading

All right so we are right at the 35 EMA you could see that we’ve had a pretty strong rally along that level since the beginning of December we did drop underneath that for two trading days but then we got back above it with CPI and continue to rally so 35 EMA huge level right in the middle of our trading range. The implied move for today is between 530 and 542...

SPYder_QQQueen_Trading

Since making all-time highs on December 6, SPX has been consolidating back to the 30 minute 200 moving average and check out the 35 EMA today. We’ve been chopping around that 35 EMA on our trip back to the 30 minute 200MA average and they are right at the same level today. We are at a very critical point. Do we bounce here? Or do we break this 30 minute 200 moving...

SPYder_QQQueen_Trading

The expected move for FOMC in SPY After making new all-time highs on Friday, December 6, we have been consolidating back to the 30 minute 200 moving average. You could see how we’ve been chopping around sideways along the 35 EMA back to the 30 minute 200 moving average. So we are just above that 30 minute 200 moving average yesterday we closed directly above it...

SPYder_QQQueen_Trading

DIA The implied move on the day here is between 447 and 455 and that is from options and the implied move on the week is 444 to 456. We have been consolidating around the 35 EMA this week we did new highs yesterday And only two levels in the trading range are all-time highs and the 35 EMA. Definitely a straightforward trading range.

SPYder_QQQueen_Trading

All right and in SPX today we have an implied move of 6055 to 6115 and that is from options The 30 day average volatility is quite a bit wider 6005 to 6165 Friday’s contract the implied movies between 6040 and 6130 We are at all-time high here. We made all-time high yesterday in that final candle, so that is our first level to know above that the top of the...

SPYder_QQQueen_Trading

In QQQ, we are overbought, overextended, and the 35 EMA is underneath the implied move for the day which often signals down or flat day The implied move for today is between 519 and 527 and that is from options The 30 day average volatility between 515 and 532 And the implied move on Friday’s contract 518 to 529. Here, we are also just under all-time highs we...

SPYder_QQQueen_Trading

IWM We've been consolidating ever since making new all-time highs for the first time in three years last week. This week so far, we've been shopping around the 35 EMA but holding above that up gap from where we made all-time highs last week. So, to the upside, the first level to look for is going to be around 243; that's where we've been seeing resistance after...

SPYder_QQQueen_Trading Updated 

So today’s implied move for SPY is between 605 and 611, and the 30 day average volatility is between 599 and 616. The implied move on Friday’s contract is 603 to 612. The bullish channel is still holding above the 35 EMA and it has been holding since we bounced on the election gap on the 15th. We are quite overbought here. We are just at old Time highs so...

SPYder_QQQueen_Trading

So DIA did open with a gap up and push to make new all-time highs by just a penny or two. So DIA did re-gain control of the 35 EMA and we are back in green territory for the week.

SPYder_QQQueen_Trading

IWM stayed close to the 35 EMA today. We did drop again to that open up gap that we tested the day before and we did find that as support to close in the green up .36%. So doing a little consolidation here after making those new all-time highs, we consolidated back to 35 EMA and reset the indicator. The weird thing is that 30 minute 200 moving average is just...

SPYder_QQQueen_Trading

So I was unable to make a video tonight, so this is a recap of yesterday‘s price action. We did open QQQ with a gap above previous all-time highs, and then we pushed to the top and passed the top of the implied move, which was 521. Then passed the implied move for the next day and the 35EMA got into the green today. Pullback time? So another day of all-time highs.

SPYder_QQQueen_Trading

So I was unable to make a video tonight, so this is a recap of yesterday‘s price action. We did open SPX with a gap above previous all-time highs, and then we pushed to the top of the implied move, which was 607. So another day of all-time highs. If you had sold spreads today at 6080/6090 would’ve closed down about -33% And if you sold 6085/6095 those would’ve...

SPYder_QQQueen_Trading

So I was unable to make a video tonight, so this is a recap of yesterday‘s price action. We did open SPY with a gap above previous all-time highs, and then we pushed to the top of the implied move, which was 607. So another day of all-time highs. If you had sold spreads today at 607/608 would’ve closed down about -33% And if you sold 608/609 those would’ve closed...

SPYder_QQQueen_Trading

Yes, I am calling for a down move here. Just a hunch. The 35 EMA is in the cream which is our signal for a down move. Extreme overbought.

SPYder_QQQueen_Trading

All right and I WM the implied move is between 239 and 246. On Fridays half-day 238 to 247. And in tomorrow’s trading range is the only levels in there. Are that up gap from today 35 EMA within that gap, which looks like a great place for support and then the new all-time highs which a line right with the top of the implied move so I have a feeling will be trading...

SPYder_QQQueen_Trading

We’ve been trading in an upper channel and with the way options look tomorrow we probably stay within that channel. Implied move is between 502 and 511, 35 EMA and 30 minute 200 MA moving together, which could keep price close to those two levels though if the 35 EMA does break down, then looked 502 underneath the entire thing we’ve got that one hour two under...