Bottom is not in imo. It's a complex and massive correction. Bearmarket not nearly finished. Another 500 pips to go imo. Will grind for weeks.
FOURTH Wave ended in H&S. Textbook breakdown. Anxiety mounting. Capitulation and extreme fear coming. VIX 80 again. Then anger and disbelief.
FOURTH Wave ended in H&S. Textbook breakdown. Anxiety mounting. Capitulation and extreme fear coming. VIX 80 again. Then anger and disbelief.
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CPI > too hot; stonks > hammered. Could go off quite a lot imo.
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Huge gap, waiting for entry, might get some retracement, don't expect this gap to fill, might go off 4% by eod imo
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VIX at 28 +2 surprisingly small move imo, real chancy to chase the selloff here. Didn't take pos eod got shutout.
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SPX -200 in a few hours since 1pm thursday fgs. nuts
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Flipped a few calls off the bottoming formation. Probly gonna find support here soon imo, consider closing shorts if you still have any!
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Not a lot of bounce in it, eh? Could grind all afternoon and very possibly close at LOTD. Tried calls three times, made enough for a whole case of Bud LIght. Happy Weekend!
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Did make an hour's wage on 0dte calls but look how these play; SPY 391c was $2 and by eod it's worth... $2, lol. Tough game.
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Gap to fill likely to get propped up by Tues so it will be ready for next tank on Weds at 2pm imo
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Final quarter, do not open trades in here my friends, so risky... killing longs again eod
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And the SPY 391c is now worth... 0
Why we don't open pos eod!
Why we don't open pos eod!
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Gosh, wow, it came down so fast, violent price action. Would not bet on a bounce here, there will be a one-day rally somewhere in here, possibly weds?
Could be looking at 'black tuesday' imo could just waterfall. All pos = hi-risk atm. Who knew?!
Could be looking at 'black tuesday' imo could just waterfall. All pos = hi-risk atm. Who knew?!
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Gonna watch n wait. Way oversold and gaps to last support. Buying puts here could be a mistake imo.
Hate to be the bagholder at end of a bear run. So many gaps...
OFC SPX could go down 200 pips today, pure gamble now.
Hate to be the bagholder at end of a bear run. So many gaps...
OFC SPX could go down 200 pips today, pure gamble now.
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Overnite high on futurz was 3866; could see a retracement to close that price before it really sells, idk.
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JN SPX now -1K from Jan 3 took 5 months to go off; by 2/3 rule of thumb that's 1/3 of drop in 2/3 of drop time.
IF the rule holds could see -1k or more in next 3 months... anybody's guess eh?
here's a useful read with charts:
www.fisherinvestment...r-markets/four-rules
IF the rule holds could see -1k or more in next 3 months... anybody's guess eh?
here's a useful read with charts:
www.fisherinvestment...r-markets/four-rules
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Mean duration of 16 and median duration of 17 months would have next bull run starting up in April 2023.
OFC there will be false starts and rallies between.
Wyckoff accumulation takes months; there is no need to FOMO entries. Real bottom and lows likely this Fall imo.
OFC there will be false starts and rallies between.
Wyckoff accumulation takes months; there is no need to FOMO entries. Real bottom and lows likely this Fall imo.
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Flipped 10 spy 380c 0dte back on cash. So bearish!
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Flipped spy, qqq 0dte calls on this lift. not chasing it, could rollover again before eod and likely will imo
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Tried a few longs closed for a push. Does not want to lift imo. EOD can sell to LOTD again be careful!
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Not touching this EOD it fluctuates wildly SPY swinging up/down >$1 in seconds
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It makes the option premiums stupid high, contracts on both sides with half an hour left asking >$1, most likely just get killed; the 3-day calls are $5 atm fgs
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Went to LOTD and bounced slightly. Do not chase lookin for EOD lift, not gonna get one imo.
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Most of the 3-day move has been in two huge gaps. To really get anything from this you had to short it Thursday and hold over the weekend.
Bear shares worked well, holding puts for three days... high pucker factor.
Bear shares worked well, holding puts for three days... high pucker factor.
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Well fgs, exactly what it always does it did again. Stupid bull on FOMC 'fireside chat' then collapse next day. Morons!
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Flipped QQQ 375C for a few bucks. IDK bout shorting this now it rests on TL, could be near end of move imo.
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Flipped a few more calls on bounce from -400 lol. Not much bounce in it, again. So tough to know wth to do with these huge gaps... usually it does sell a bit more but premiums are high and puts may not pay much, lotta risk. gonna just watch for a bit, do not recommend shorting into weakness.
If it gives a mid-day weak retracement could short onto that, eh?
If it gives a mid-day weak retracement could short onto that, eh?
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Getting close to pivot imo. Close up shorts Fri. Might bounce after the holiday weekend, eh?
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Flipped puts twice might call it a day, gonna be choppy and whipsaw.
ETrade quotations are jacked atm can't enter orders, closing only, lol.
ETrade quotations are jacked atm can't enter orders, closing only, lol.
