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Pete Stolcers | OneOption

@1OptionsTrading

Trading is my passion and after 30 years I still can't wait for the opening bell to ring. Join OneOption 14 day free trial 👇

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📈 Welcome to OneOption I’m Pete Stolcers. I’ve spent 30+ years in the markets, from the floor of the CBOE to running one of the largest retail options desks in the country. In 2003, I went all in. No salary. No safety net. Just my edge. Now I teach traders how to find…


The market's move today was surprising. What do you think $SPY will do next week?


The big move lower needed time to digest the losses. Sometimes that means there will be a bounce and sometimes it means $SPY will just compress. A compression is more bearish because it is a sign that the selling pressure is so heavy that the market can't bounce.

1OptionsTrading's tweet image. The big move lower needed time to digest the losses. 

Sometimes that means there will be a bounce and sometimes it means $SPY will just compress. 

A compression is more bearish because it is a sign that the selling pressure is so heavy that the market can't bounce.

Pete Stolcers | OneOption أعاد

Cramer said is was a good time to go long?

What's happening with $SPY? Wrong answers only!

1OptionsTrading's tweet image. What's happening with $SPY?

Wrong answers only!


The doji I mentioned earlier is now a bearish engulfing candle.

1OptionsTrading's tweet image. The doji I mentioned earlier is now a bearish engulfing candle.

If you look at $SPY's weekly chart, you will see that a doji is forming. That means buyers and sellers are in equilibrium and that the market could go either way. You will also notice that there was a doji two weeks ago that was resolved to the upside.

1OptionsTrading's tweet image. If you look at $SPY's weekly chart, you will see that a doji is forming. 

That means buyers and sellers are in equilibrium and that the market could go either way. 

You will also notice that there was a doji two weeks ago that was resolved to the upside.


There is follow thru so this is legit whatever it is.

What's happening with $SPY? Wrong answers only!

1OptionsTrading's tweet image. What's happening with $SPY?

Wrong answers only!


What's happening with $SPY? Wrong answers only!

1OptionsTrading's tweet image. What's happening with $SPY?

Wrong answers only!

If you look at $SPY's weekly chart, you will see that a doji is forming. That means buyers and sellers are in equilibrium and that the market could go either way. You will also notice that there was a doji two weeks ago that was resolved to the upside.

1OptionsTrading's tweet image. If you look at $SPY's weekly chart, you will see that a doji is forming. 

That means buyers and sellers are in equilibrium and that the market could go either way. 

You will also notice that there was a doji two weeks ago that was resolved to the upside.

$TLT nice little attempt at horizontal breakout!

1OptionsTrading's tweet image. $TLT nice little attempt at horizontal breakout!

Buyers and sellers are paired off. No one has control here. $SPY

1OptionsTrading's tweet image. Buyers and sellers are paired off. No one has control here. $SPY

My advice today is to stay away from consumer stocks. Consumer defensive stocks, car makers, home builders, restaurant stock, gaming stocks... all are very weak. They are all good shorts


If you are afraid of taking longs... We don't trade the fundamentals, we trade the technicals. $SPY instantly erased the red candle from Tues, that's a sign that buyers are engaged. I feel like Bill Murray in Caddyshack during the Baby Ruth scene. You proceed with caution,…

1OptionsTrading's tweet image. If you are afraid of taking longs...

We don't trade the fundamentals, we trade the technicals. $SPY instantly erased the red candle from Tues, that's a sign that buyers are engaged. 

I feel like Bill Murray in Caddyshack during the Baby Ruth scene. You proceed with caution,…

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