This is my journey to financial freedom as an options trader selling weekly options. My trades are based on my assumptions as a novice trader, so follow at your own risk.
FAQ: 1) You can use the search function to check the chart for the SPY according to the Month & Week. eg. DecWk3, JanWk1, etc.
Friday, 30 November 2012
NovWk5 - SPY: Bullish Signal?
Nothing says it better than the charts! Look at the ichimoku indicators. They are converging and if the market's performance tonight goes upwards, then we are in for something really interesting tonight. :)
I am not vested this week, yet, but nevertheless, I am still hopeful for an opportunity, maybe it might be the SPY, maybe it might be GLD, let's take a look and see what is in store for me. The kijun sen and the tenkan sen are about to meet, and once they cross over, then that would officially be a very bullish signal.
Interesting that it would actually be so bullish all of a sudden. Admittedly, I am surprised. Stay tuned people. Let's see what can we draw out from the market tonight.
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