Last week I said I was still bullish on SPY and that I did think we would see 430… I still feel that way and I think that we are seeing the pullback before the next move up playing out here perfectly.
Before the bears absolutely took the bulls by the horn middle of day and plunged them off the cliff… I was targeting two major support areas on SPY and QQQ for tomorrow… while anyone who follows me know on a daily time frame my timing may not always be perfect (as I expected tomorrow) my levels almost always play out… Being that these levels played out a day early for me… I actually am expecting a bounce tomorrow… or by EOW minimally.
SPY DAILY SUPPLY AND DEMAND
From a supply and demand standpoint we had a huge day… so we put in a new supply (resistance) at 418.78. This now makes this 418.78 to 419.5 a major supply and resistance area. In doing this we have no retraced all the way back down to take out 416.75, 415.58 and 413.91… we did fall just shy of touching 413.05 supply just under the daily 20ema though.
Taking out the daily 8ema is a bearish omen for the markets, however, bouncing off the 20ema like we did today is bullish in nature. This should be seen as a support bounce rather than a bigger sell off for now.
However, IF we continue to leg down tomorrow and close a candle under 413.05 supply which is the daily 20ema then I actually might be more apt for a that we see a retrace back to 410.2 demand (Support) before we bounce. This might be an example of being a day early for the bounce.
SPY DAILY PRICE ACTION
Bears took us all the way down through the daily 8ema and bounced us right off that red support line at 413.7. As of now that should still be considered support until proven other wise.
Support for tomorrow of that line will be 414.6 meaning bulls need a small gap up overnight in order to reconfirm and hold that support with hopes of a push up to the 417/418 area.
Now if this is the next leg down what bears need to do is break through 414.6 support and most importantly break under the daily 20ema and close a candle below it… If you remember we traded in that 410.2 to 413.9 range for almost 3 weeks before we finally broke out to 420… this actually is a back test of that support of that range. This is the bulls attempt to turn previous resistance into support.
Failing to do that would result in a retrace back to the 410 range. To really sell this market off bears need a closure under 410.2. That 410.2 level is our daily demand so that likely would be a major support bounce area for bulls.
SPY Daily Levels
Supply- 413 -> 418.8
Demand- 410.2
Support- 414.1 -> 412.3 -> 410.2
Resistance- 417.1 -> 418.6
FUTURES DAILY SUPPLY AND DEMAND
Nearly identical movement from futes today setting a new supply at 4208. In doing this we would have expected the move down to the 4149/4143 supply area. We did come down and perfectly bounced off 4153. As of right now that is major support to watch.
There is a chance overnight bears get this to 4149 to take out that supply but from here I expect a bounce off the daily 20ema.
If bears continue their sell off though the biggest support will come at the 4127 demand.
FUTURES DAILY PRICE ACTION
Futures did not quite breakdown and touch that red support line that SPY did today. However, Futures did come down and perfectly back test and bounce off 4153 support form the previous 4122 to 4153 channel.
We also are setting up to close exactly on the daily 20ema which would favor a possible double bottom support bounce and move back up.
The most probable play out here is a double bottom off 4158 that leads to a move back up to the 4172 to 4188 area.
However, if bears manage to break this down further then support is at 4125 if we see back to back selling off happen.
Futures Daily Levels
Supply- 4149 -> 4208
Demand- 4128 -> 4198
Support- 4158 -> 4125
Resistance- 4172 -> 4189
QQQ Supply and Demand DAILY
I said last week I was looking for a possible sell off back to the daily 8ema being that QQQ is in extreme bull momentum in order to find an opportunity for a long entry. We are looking to be getting just that.
The daily officially turned 337.63 into a new supply… In doing so we come down and take out 337.29 and 333.11 supply. Now we do have another supply left down below at 326.82 but that is at the daily 20ema. That would be a larger sell off and with us being in extreme bull momentum I would be very surprised to see that move happen (not that it cant happen though).
I will be looking for the bulls to bounce off the daily 8ema tomorrow and look for a run back to the 336.37 demand area.
However, If this sell off continues then are most probable sell off target is that 326.82 supply which is also the daily 20ema. 325-326 is a pretty strong demand (Support) area that we would need more momentum to break through.
QQQ Daily Levels
Supply- 337.6 -> 326.82 -> 322.31
Demand- 336.37 -> 325.99 -> 324.99
VIX
The VIX actually had a really nice breakout today and after bouncing off the 16 support area 3 days ago now this is now retesting critical resistance at 18.86. IF the bears (spy) can close the VIX over 18.86 and target 20.08 then I would believe in a bigger sell off on SPY happening. However, this is a probable rejection area for the VIX. Even if the VIX gets to 20.08 we still honestly are more likely to reject then we are to sell off…
There just isn’t any real momentum to the downside and even watching the intraday movement today the dip continues to get bought.
With no debt ceiling talks till tomorrow minimum and FOMC minutes at 2pm we likely are to return to a slightly bullish narrative. There is a chance the market could bearishly take what JPOW had to say at FOMC but historically they usually receive FOMC minutes well not poorly.
Yellen is scheduled to talk at 1005am though so that could be a true wildcard. Tomorrow with Yellen and FOMC minutes is likely to be very volatile.
DAILY TRADING LOG
I really struggled this morning in that very tight range and chop… just seemed like premiums weren’t paying out for the move that was happening. However, was really able to capitalize on that mid day sell off and overall had a great day trading. Intraday secured another weeks of profit goal. Currently even if my QQQ and SPY Call lottos go to zero tomorrow I have officially secured 2.5x my weekly profit goal… if they don’t go to zero tomorrow then im sitting at 3x weekly profits goal.
Currently assuming my week ends profitable this will be my 8th green week in a row… that makes it tied for my second longest win streak in a row… my longest current win streak (since I have started documenting the way I do now… remember I used to work full time as a nurse and just traded in my off times) is 10 weeks in a row of green.
Just for transparency my longest red streak is 4 weeks in a row.
By - DaddyDersch
TLDR SPY to 0
Bear trap. Always has been. FYI, I’m always wrong, even when I inverse myself, and somehow, especially wrong when I inverse Cramer. YTD, -40%
Thank you for your honesty, +5.25% here.
Soooo not a bear trap or….?
I'm just a dude inversing a dude inversing another dude
This is the way
It's called red or black in the casino, behind the pack shack, it's called heads or tails.
Man today, I accidentally inverse myself and instead of buying google puts I bought the 125 calls lol. I was so pissed, but then it randomly started to pump mid session back to the HOD, and I quickly exited with a small profit 😂 but that was not the plan. Then of course it rejected the HOD perfectly, and sold off heavily as my original thesis for the day. Would have made more with my puts.
Hahaha bear trap. Lol. Hope your all cash
Bears got squeezed a bit after going over the feb highs, but for sure reset their shorts. Divergences keep getting wider on a laundry list of things as well, including but not limited to DXY, yields, copper, lumber, HYG and overall available liquidity. The tech stocks that have been pushing us higher so far would need to go past their ATHs OR get more names to participate for a push to 4300. Which is entirely possible (though unlikely). This isn't considering the massive liquidity drain we're about to see when the debit limit gets raised & a trillion dollars gets sucked out of the market. Your levels are amazing, but realistically I think risk right now is to the downside.
So..say someone wanted to yolo their full six figure wad into the market, when would be a good time to do that?*my friend’s* investment window is at least a decade.
Wait until all this bs is over, it’s going lower eventually. Wait till buffet blows his wad.
Where might I stay up to date on Buffet's wad blowing?
ITM QQQ/SPY PUT leaps & TLT call leaps, spreads if you're not a degen. This shit will for sure burn down, just gotta give it enough theta to get there. Alternatively just short some /ES (/NQ if big balls) future contracts and pray to god you don't get margin called if we squeeze higher.
i would just put it in JEPI and not even think about it... turn on drip
Long term risk absolutely to downside
As long as that 4200 call wall sits strong I'd argue short term is as well, but that can change in like 5 seconds if the MM's want to so meh.
I gotta disagree. In 2008 sterns fell within days of SVB failing in March of 2023. Then there was a random rally once fear subsided until the last week of May. Not to say that history is always the same but it’s curious. And QQQ has an RSI hovering at overbought and NVDA up 180% since October lows. I think it’s the next leg down. Not to mention debt ceiling, student debt around the corner, etc.
Student loan repayments is the black swan event hiding in plain sight
Agree on student debt coming back online, but tough to judge magnitude. It's going to take a shit ton of wind out of the sails of the consumer, though.
Peoples wallets are already hurting. Some living paycheck to paycheck. A big hit to consumer spending for sure. Apple got downgraded yesterday with warning of disappointing revenue in the next quarter. Apple goes down, whole market go down
Everyone says “but everyone is bearish” but they aren’t lol. Call to put ratio is off the chart bullish
hedges are the most net short since 2011
On SPX sure. That doesn't mean they aren't obscenely long on other stuff (hint: tech).
Fair. Just feel like its incorrect to came markets as a whole are positioned super bullish
Oh yea I don't think many people are going to argue that. Net positioning, until very recently, was way past 2008 levels of bearishness (only rivaled by that short lived covid shock). To the OP, using call to put ratio to justify bullish/bearish is misleading. You would need to compare aggregate positioning vs options positioning to see the real picture.
Hedges are actually the most net long they’ve been since I believe 2021, aside from specifically the S&P. Which right now is being held up by 5 companies pretty much
They’re probably hedging larger long positions
A lot of those calls are sold.
July 1st the freeze is over, first payments are due 60 days after. Unless Joe pushes it back again and I can't see how he doesn't. It wouldn't be a great idea going into an election year just after making people pay back the debt they agreed to.
Not gonna lie. Not a word is of this on the news. Student debt repayment may literally be the downside I should prepare for in the markets.
That will take months. I bet 80% have no idea the pause is coming so won’t really have an effect until Q3 at the earliest.
By time Q3 comes ar-it's priced in.
Exactly! That’s why I said, it’s the black swan event hiding in plain sight.
how?
It’s going to be a hit to consumer spending aka company revenue. Apple got downgraded yesterday on potential disappointing revenue in the coming quarter and this is before student loan repayment have even started. Also with the FED wanting unemployment to increase making consumers tighten up their belts even more to survive. To me, I see that as a huge risk to markets than no one is talking about Just my tin foil hat thinking :) Going full 🌈🐻
Thats fair and an outside the box idea... having to pay back the student loans which many owe $400-800/ month if not more could wipe alot of money outta the economy. Or for sure cause some defaults on car loans and mortage
I have my moments 
Its gonna take something outta the box to black swan vix 50+ and spy low 300s us in my opinion
This isn’t 2008 bruh. That’s coming at some point but not yet. Your comparison is not good because stress in the credit markets are no where near levels of march 2008. Go look at the Ofr stress index in march 2023 vs march 2008. It’s not even close. To get those dramatic drops, you need stress in the credit markets, and we don’t have it right now. Also, before the major crashes, the yield curve uninverts first. It uninverted in 2007 and the fed already started pivoting in late 2007. Neither are true now. Yield curve still inverted and fed hasn’t pivoted yet. We had all time highs after the yield curve inverted. I sympathize with you bears, but y’all are still way too early imo. I was a bear most of 2022 and until mid March this year. There is still one more melt up leg in this secular bull market. A massive crash is coming, but I don’t think the signs are flashing we are near there yet. Today very much feels like a healthy pull back that bears are gonna get trapped by
Yield curve reversion doesn't cause the crash, yield curve reverts because the Fed becomes doveish, Fed becomes doveish when they see a crash looming in the data. The problem is that nowadays a hell of a lot more data is available to institutions than there was even as recently as back in just 2008 or 2011. The fed might not have the same lead on markets that they have historically had.
I never said yield curve reversion causes the crash. I just said that it appears before the crash in most cycles. Yield curve uninverts before the pívot though. Go look at 2007. Pívot was only late 2007 but reversion was 5 to 6 months before. Bond market leads and Fed follows with a lag. And yeah it’s obviously because short term rates fall and fed pivots after breaking something. I’m not insinuating the pivots or reversion cause the crash. Cycle played out pretty similarly even in 2020, which isn’t too long ago. 3 year minus 10 month inverted august of 2019. Reversion happened a month later, warning of a top in the next 6 months to a year. Fed pivoted afterwards during the COVID crash.
I agree with you, but market does what it does best and that is being irrational shortterm
It's nuts that we haven't had a multi-week drop YTD. Not one instance. Things aren't awful, but not *that* great, either. But lately, I have been trading on the theory of, "What move is *least* expected right now?"
Excellent TA per usual, however we have a lot of potentially market moving data in the coming weeks that could grab the bulls by the horns and cut their balls off at the same time. We have FOMC minutes tomorrow which is going to give the market another indication that no rate cuts are coming, we have jobless Thursday and PCE Friday. I don’t see a case for a bullish PCE print. We have default fears as well for the coming weeks. I’d like to see a bounce coming into PCE since it’ll just make outs cheaper. NFA my port is down 80 percent since 2020 cuz I’m a 🌈 🐻.
Market was due for some pullback plus we have the threat of a default looming over markets. I was expecting more of a pullback so overall looks good to me. I think most likely scenario is market will bounce off trend line, they'll reach an agreement, and we continue to move up
I thought that too, until everyone in the world thinks the same. Maybe they make a deal bull trap, then start talking about student loans.
I'm putting another thousand into the market on payday, as usual.
rebound or not, i think it's depends on what qqq going to do. QQQ haven't had correction since the tech run off. If tech sell off continues, taking the sp500 with it, otherwise rip bear. The whole reason why the market is higher in the first place, it's all because of selected few tech stocks. If we see more correction on these, we go lower. Just look at what rest of the sectors are doing. They're not doing so good btw, small caps, retails, and all, getting crushed. Even oil, just started rebounding being defensive and all.
I agree. Msft sold off heavily all day today. Not a healthy market when the big guys sell off the whole market goes down with it.
I’m actually starting to prefer the short side trades for this week. Momentum is actually starting to pick up to the short side in my opinion. I can see us ending at $409 on the spy EOW before a meaningful bounce. It’s a sideways market, no one is expecting it to go anywhere so I can see us go to the lower range.
Ber trp
Ber trap was last week, bulls failed to keep the uptrend. This week was a bull trap. Next week ber trAp. Source: trust me bro
I can spot my daddy just from the thread titles now. Hi, daddy. 👋🏻
1 small pullback and it's a downward spiral all of a sudden 
Im 90k short on tech right now. This can’t continue
It can because you're 90k short on tech right now
All depends on how NVDA guides tomorrow.
Agree
Exactly why it will continue lol
it’s the week after may opex, a sell off or digestion after a huge squeeze is expected. macro news and debt ceiling playing its part. we’re starting to see positive gamma in the market, the real move is setting up to follow futures quarterly opex of june.
there's a lot of negative gamma after today's price action
I knew some of the frat guys from negative gamma they were twats.
I had to stop trading spy the past two weeks.
Am switching to QQQ weeklies ( 2 weeks out ).
SPY has been amazing the last 2 months. these ranges are beautiful to trade
Find out next week on : hindsight is 20/20
That guy making back his money 8 years later was all the TA I need
lol, I still think AAPL is gonna blast through some ATHs soon as everyone realizes they are now a bank that is already too big to fail. They can literally absorb the entire bank backing their financing with less then a belch of consequence.
That's a lot of words to say if it goes up it will go up, but if it goes down it will go down.
Bear trap. We’re not seeing massive layoffs, massive corporate or consumer debt defaults, or anything that will counter the pump from a debt ceiling deal and Fed rate decisions in the short term. I’m going to be keeping an eye on VVIX. After seeing historical charts of VVIX vs VIX and VIX vs SPX, I’m going to continue to observe it’s predictive value. As suggested by the historical charts I looked at, it’s uptrend yesterday possibly predicted today’s SPX direction. The uptrend continued today, so barring positive reactions to FOMC minutes or a positive debt ceiling announcement, tomorrow may be negative as well. I don’t know much about TA though so maybe it’s useless.
Corporate bankruptcies are the highest since 2011. Unemployment and consumer debt defaults are directly correlated. All you described is a ‘one last shoe to drop’ scenario. And the last several job reports have been revised, significantly, to the downside.
If there’s one last shoe to drop, then bears are too early.
Noooooo. Thats when the vol is cheap.
No need to tell me that! I have January UVXY calls, August ITM short puts on UVIX and UVXY, and plan to sell June short puts on NVDS tomorrow.
This guy gets it. It's funny how everyone in these posts since March have been bearish. Idiots keep fighting the uptrend. These are the same smooth brains who kept saying the market would crash back in 2020 as it rallied to new ATH. I am grateful though, it's a transfer of their money to me.
One of us is going to be saying “Gotcha!” To each other at the end of this week.
I do not care about the end of this week. I am not a short term trader. I am talking weeks from now. If the market were to dip 5% more from here, that's healthy, and I would buy that dip.
Last April OPEX we saw the same sell off we have now. Sell off on Tuesday and Wednesday. Then rally back on Thursday and Friday. I am playing the markets this way.
Do you trade full time?
Yes have been strictly full time since early 2022
I dmed you
you had a really nice streak of 6 in a row. ever think of walking away after a nice run like that? my sentiments about the market is increase in volatility as we approach debt ceiling. if it goes to the eleventh hour showdown markets will be crazy imho. maybe i'll yolo 500 bux on crazy out of the money puts at some point just in case. YTD -3.69% heh, 1Y -28.75%
I trade full time so no walking away for me
Bears go brrrrrr
Sir this is a casino
Classic bear trap which will become bull trap tomorrow through Friday morning. Leg down until end of June. Praying for 4k bottom.
I still believe a bigger leg down to 399 will happen. But we need to see some high volume selling for me to believe its starting. Vix couldn't even hold its hod. Likely a bear trap
I disagree, IWM found resistance today and that has been an excellent indicator for local top on the spy. Small caps are the last ones to rally and first one to hit resistance. There’s a lot of wicks and inverted dojis on tech charts right now too. Upside potential is very limited at these levels. We are just sideways trading so it’s more probable we hit the lower range (408) before 420 again.
Leg down to 299
I am bullish, but not on the qqq. Seems like it is reaching exhaustion. The rally there is overextended and is likely to consolidate while SPY outperforms from here on. QQQ looks like what the Dow Jones was in the furious october meltup. 20% rally in less than 2 months. Ever since then, it has been going side ways.
How do you foresee spy outperforming if the Q’s cool off when the big tech rally has carried spy the whole way? What sector you looking at for rotation
Tech is only part of SPY dude, everything else has been underperforming. Finanicials, industrials, energy. The market isn't just tech. Did you just read what i said about the Dow Jones? It rallied hard in October while tech went sideways, and carried SPY higher. It's a normal thing that happens.
I was just genuinely asking what sector you think will start to carry the market if tech starts to lag
Breadth has been terrible. Like you said, only tech has been carrying SPY up. So now watch for an everything rally where tech underperforms. It will likely cause breadth thrusts. Almost every other sector is extremely oversold, like financials and energy. These will be the new leaders.
Agreed on financials oversold. I have some Jan 24 SCHW calls. Problem is just any bad news on a bank could derail them all. Will probably be fragile for awhile
You got some leaps. An actual guy who makes money here. Nice. You'll make serious bank on those, you probably already have. I was long KRE, but I paper handed those, so I'm pissed at myself.
the issue is tech is way overweight in this environment, aapl and msft alone is 14% of sp500. Not to mentioned rest of the tech, nvda, meta, googl, amzn, combined about 10-15%. All together we're talking about a quarter to a third of sp500. If these mega tech not going up higher, no way spy will recover. Financial not going to outperform in this environment when the rate is high just as energy won't be carrying either cuz of demand destruction but it will rebound though as always.
Disagree bro. People have been saying that for months, but the pull backs have been feeble asf. S&P has flirted near the 50 DMA, but qqq hasn’t even been close. The 10, 20, and 50 DMA are just sloping upwards like rocket ships and qqq is finding great support every single time at the 10 and 20. Nasdaq composite McClellan oscillator is the only one still in firmly positive territory even with the sell off today. Money still flowing into tech. 70% of nasdaq 100 stocks above 200 DMA and 62% above 50 DMA. That’s some strong ass breadth. S&P has been trash with about only half of stocks being above 200 DMA and 50 DMA. Financials and oil are really dragging s&p down. I think this is a healthy pull back before another squeeze up. I only would expect an actual cool off phase once qqq gets to that 340-345 range.
Hahaha hahaha fucked
Sure about that? Get wrecked you fucking clown
So far yes, and keep going down down down homie. Financial CRISIS
What down down down? I said qqq would pull back healthy to 10 day moving average which it did yesterday. I called for 340-345 before the next significant pull back. It’s at 340 today lmao. Took my profits cuz I’m not a pig. Too early bud. You and everyone calling for a crash. It’s not happening rn. Melt up first and then big crash later.
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I'm not bearish QQQ at all. Where I disagree is that I think SPY will outperform QQQ in the next few weeks, because over half of SPY is dogshit oversold and is due for a massive face ripper. SPY need to catch up to QQQ, 8% vs 26% YTD performance is unheard of, even during the COVID bull run. The ratio needs to adjust, SPY WILL catch up. Look at February 2021 to June 2021. SPY outperformed the Qs by 8% after the Q's had a massive run-up prior. Sector rotation is the lifeblood of bull markets, they are a feature, and not a bug. And I believe 100% that this a bull market, and it is for that reason, that financials, commodities, and industrials are absolutely about to roar in a massive short covering rally very soon for a few weeks. Those will squeeze tremendously, and once that runs its course, it's time to rotate back in to growth to the Qs. An everything rally would be the most painful thing to dumbfuck hedge funds. Ironically, if you saw the reports, hedgefunds are just now starting to buy the Qs and are still short everything else. Hedgefunds are the fucking jim cramer of the stock market. The Nasdaq is what brought us here, now the torch will be carried by everything. Bro, sentiment is so bearish on everything else, even you are bearish as fuck on financials and oil and think that shit is fucked, and so does 99% of wallstreet, which is why this shit is about to fucking rip ass, sentiment has priced all those other sectors for bankruptcy. So in conclusion, I'm saying that the other sectors are going to have a massive squeeze to cuck all the bears with heavy shorts in them, while QQQ also moves up in tandem but not as furiously as those other sectors that are apocalyptically short.
Ah. I thought since you said you’re not bullish and that it’s reaching exhaustion that was your way of saying bearish. I’ll also add that I’m not actually bearish on oil or financials. Oil stocks look like a good value and have been considering GUSH (2x XOP). Financials, while I do think they are oversold and due for a bounce, I’d rather not touch because I don’t know which one will become assaulted by short sellers. You know I like trading mostly tech and semis. I personally believe we will get an everything rally soon once this debt ceiling bullshit gets resolved and the vix unwinds. We’ve already broken out. Weak sided longs are just waiting for the next round of ape buyers to push us higher and give us real confirmation. I’ll also add that a possible reason for qqq outperformance is because that shit tanked so much harder than s&p. Qqq drew down like 38% from ATH whereas s&p only drew down like 27% from ATH. In comparison to ATH, qqq is actually still farther away than s&p. So if anything, they’re in somewhat lock step at this point. YTD is also only one time period. From the October low to December high, s&p actually did a better job than qqq. Same w the draw down in December. I do agree with you though that some sectors will definitely outperform tech and semis in the coming months. Just don’t think qqq is having a huge correction yet. If we hit 340-345 this week after nvidia earnings, then a healthy 5% correction could be in the cards as money rotates from tech into small caps and other beaten up sectors in s&p.
Yeah, I shouldn't have said that. Meant to say i'm not as bullish on QQQ. I also don't think QQQ will even have a correction at all. It will probably go exactly like NVDA, which goes in a straight line up for a few days, then goes sideways (doesn't pull back, only consolidates), for a few weeks, then goes vertical again. And it's in those days I think it goes sideways that other sectors will outperform. Mostly I say this because did you see KRE today? That shit had a massive squeeze today. IWM also outperforming. Bears are getting even more cucked. I think the sector rotation has already began. By teh way, take a look at SOXL, that shit had a vertical run in January to 80% in just 3-4 weeks, and has consolidated for 5 fucking months after that. Meanwhile, QQQ took time to play catchup, and now it finally caught up to SOXL just recently. So I'm thinking now that QQQ is to SPY what SOXL was to QQQ. But we will see how things pan out...I'm looking for about 5-8% outperformance of SPY relative to QQQ in the coming weeks, once that is achieved, I will full port TQQQ afterwards, because I think tech will be the main leader of the new bull market like it always has been.
Yeah qqq has been a ducking tank. The pull backs have been feeble asf. Even the February sell off got wiped off so quickly after svb failed. Soxl is starting to get annoying for me. I have a good average, so it’s fine. It is volatile asf though. It usually outperforms tqqq over the long run though so hopefully more Green Day’s can give it that positive decay. I hate spy. That shit needs to breakout, but I have no desire to trade it. Short sellers still assaulting it
SOXL, imo, is just cooling off since it rallied 90% in 3 weeks back in January. Now it's consolidated for 5 months as TQQQ caught up to it, which it now has. Feel like it's time is coming soon...
Oh yeah I’m patient with it. That shit literally ran up 25% last week. A nice pull back is healthy. That’s what these dumbass bears don’t understand. Even in a raging bull market, you’re gonna have red days and 2-5% pull backs. Sometimes even 5-10% pull backs. It doesn’t mean a crash is coming though. Nice little short term RSI reset. I expect a big bounce Thursday or Friday seeing how oversold shit is
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Im proud of my results? I also included that my longest red streak was 4 weeks... quite a few notable 3 red weeks too. Ive had a nice turn around in my trading. I post my results red or green everyday.
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Im sorry you feel that way. I post my TA here free everyday consistently... And i am proud of my results
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he is still sharing a very interesting and informative perspective of the market .im not a member of his discord but I still appreciate his posts here.
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How does that make me a fraud? I have my opinions and trading strategy. No one forced anyone or has any obligation to follow me or sub to that... plenty read this daily ta and thats enough. You either make money and stay or dont. Not really sure what part would make me a fraud? Fraud: wrongful or criminal deception intended to result in financial or personal gain. So thats a pretty big accusation that is incredibly incorrect
Overtrading mate
How?
19 trades is a lot
Its a normal amount for me and my setup... overtrading only happens when you ignore your strategy and take revenge trades
Dumasso.
i'm not gonna read all this if its bullish
Most people won't. Mainly because they can't
LMAO how was this not read as a joke when all the posts are bearish
Your levels are godly dude. Perfect touches today so far.
Thank you