All about trading intraday momentum and riding the wild waves of $SPX 0dte options. This is not a financial advice, just my daily market hallucinations.
$SPX 2026 outlook. Bookmark this post.
Zoom out in $SPX and look at monthly chart. I think we are in the last leg for 1-2-3-4-5 wave, and $SPX will top out max at 7k-8k (if top not already in).
Then we are going to see a corrective wave 5 -> A -> B -> C
I would expect at least another fake rally in November/December to trap bulls, and last FOMO buyers at the top. Then we start our way down.
$6000 puts for June'2026 and September'2026 expiry can be a good bet when this starts to happen.
$SPX 30m chart. Still inclined bearish, and expecting a selloff coming up.
$SPX breakdown under 6900 can have a selloff to target 6750 area by end of next week. Risky for bears if $SPX stays above 6900-6920 area. Bears need to start putting pressure next session on Monday for a move down otherwise we may touch ATH again.
"Is trading hard?"
I donโt know, you tell me.
We need the mental toughness of a pro athlete, patience of a monk, precision of a brain surgeon, pattern recognition of a chess grandmaster.
All at the same time. Under pressure. While managing fear, greed, ego...in real time, with your own money on the line.
Competing against the smartest people on earth, the richest people on earth...who have better data, faster technology, and deeper pockets.
Whose entire business model is taking retail's money.
Oh ya...and youโre expected to stay calm, make rational decisions, and execute while in a violent dogfight with your own emotions.
Is trading hard? I donโt know, you tell me.
Next question.
Expecting $SPX to sell off by end of month. Got big size. Will cut if this week closes green.
I donโt think weโre gonna touch the ATH for at least 5-6 months.
$5k gains day! ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ
$SPX #0dte puts. Expecting a meltdown soon in $SPX. Tomorrow or by next week. Today can be choppy day and did not size big.
Be there tomorrow and next week for the big 100 points drop in $SPX
Chop fest and no momentum today. Scratch loss for $100. Today is opex and market makers pinning the price for a doji.
Expecting $SPX to form a new high, $NQ still under ATH, and $VIX to form a higher low for a higher confidence of a strong drop coming up.
Stay tuned next week.
One of those days when booked profit for 100%+ and then it runs 700%+
Wasnโt expecting a gap fill today, the bulls were too weak today. Still looking for a bigger drop between tomm and next week.
$SPX 6975 #0dte puts chart below
$5k gains day! ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ
$SPX #0dte puts. Expecting a meltdown soon in $SPX. Tomorrow or by next week. Today can be choppy day and did not size big.
Be there tomorrow and next week for the big 100 points drop in $SPX
@TraderJonesy For real? $TSLA weekly is actually looking pretty bearish now, and you flip to go long and closed your puts!
Your signals are quite the contrarian. Good luck to you.