SPX Ending 3W Brief Correction to Blow-off ATH
Diupdate
RSI not mad overbought yet, IMO gonna see it get stupid like Feb 2020. After that, then the big break.
5-10% correction incoming, likely a zigzag, all the previous were zigzag corrections. Tis the season!
5-10% correction incoming, likely a zigzag, all the previous were zigzag corrections. Tis the season!
Trade aktif
Shorting calls Nov 365/380 VCSTrading ditutup secara manual
Closed all out; might get a bounce IMOCatatan
Yeah vertical spike FFS! Watch for BTFD Thursday.Thursday is often weak following buying M-W; this week Tue/Weds weak, so Thursday could really bull.
Catatan
There was more selling but again rallied from it, this does not feel like an impulsive sell wave.Shaping up like a 4th and shallow at that, bulls probly come back soon IMO
Catatan
So we get a Hangin Man doji, this can break either way, extreme caution advised here! IF the bears supply more stock than bulls can buy, it will go down hard. IF the bulls get greedy and stupid it will run to ATH, AGAIN! Pure crapshoot here IMO. Sitting in cash.
NB: VIX never got over $19.65, it settles back EOD; there is no fear in the market yet!
But Divergence in small caps suggests an Unwind incoming....
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Look how they bounced futurz on ECB! That's why we stay in cash at night! Hope u stay safe!Not trading, traveling, updatez to follow...
Catatan
Starts to feel pretty Bearish IMO... short the ralliesCatatan
Lower highs...Trade aktif
Shorted intraday and closed most eod Friday 9/10. Holding a few bear spreads and bear shares in case it gaps down to open Monday. Ought to have some kind of bounce but closing at LOTD is bearish. VIX broke up over 20 (banked it!) and index breaking under 20DMA, resting at rising TL, a gap to fill remains below.
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Closed the gap at 4440 see if she blows up here... all closed out all in cash, would not short here!Trade aktif
Been trading calls and selling puts all morning. making beer money but at least not losing lol. Very choppy still but feels like it may finally turn IMOCatatan
Going longTrade aktif
Closed the longs looks like a bear flag IMOCatatan
Very choppy, uncertainty but no panic yet. Made bank from bottom-fishing with SPY QQQ IWM calls. Always chancy, not recommended for faint of heart.Could sell again, hold nothing overnight. Wait, see.
Will find support soon IMO
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Started to look bully so took a chance and bought calls, closed on top of the wave, might bull more or pullback from this flag, very dicey stillCatatan
Buying diagonal call spreads in QQQ, SPY starts to look like a pivot reversal > higher prices, either a reaction wave or start a new bull rally, can't tell which just buying itCatatan
Closed part of position as it might suffer EOD pullback; keeping 5 SPY bull spreads. See if it gaps up!Trading ditutup secara manual
See recent related posts. looks like a measured move coming. Holding a handful of cheap calls in case I'm wrong, big bear position atm.
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