Rally Top
Updated
Massive blowoff move likely signals at or near another top. We have a three drives completing here near TL and just over the 200 DMA.
The usual bottoming behavior is to form an inverted H&S. Look for it. Would not load up on longs here near exhausted RSI IMO. GLTA
The usual bottoming behavior is to form an inverted H&S. Look for it. Would not load up on longs here near exhausted RSI IMO. GLTA
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Probable Top near conjunction of speed lines, watch this, we at critical junction:youtube.com/watch?v=_0J7KO2Uul4
Peter doe NOT say we gonna break here, just it is a critical pivot point; IF price can break higher THEN it MAY move back towards ATH; failure here validates lower price projections. A very risky place to go long!
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Looks like we got a spinning top, see if it forms a pinbar.Big red candle Friday will nail the lid on this coffin.
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Here it comes. Jobs report > Big Red Gap; gonna get engulfing and a pinbar.Note
Fun day! AMazing gapfill took ALL DAY. Flipped calls early on, then tanked & banked. Caught the EOD surge in SPX 0DTE calls, +300% $3 > $9 in the 4065c. Nuts!Took my ill-gotten gains to the bank and loaded 10 QQQ/SPY puts eod for a Monday AM flush. GLTA!
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Picked up SPXS, just 200 to start EOD on the gapfill. At that shining moment when SPX went Green by 0.50c, lol.
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Hanging Man doji rather than bear engulfing, soon to follow imo.Trade active
Second day of holiday sale! BUT candle today is ~ half of MOnday. DJI went -500, now -250. SPX went -85, now -45. Bear momentum nearing exhaustion.Might get a bounce Weds.
The productivity index report at 0830 may favor stonks. May not. PPI Fri 9 Dec; CPI Tues 13D, FOMC Weds 14D.
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Well the bears are back. Going oversold EOD. Probably gonna pivot soon to a lower high.Note
Better bounce EOD than Monday. Bear's grip weakens.Hope u closed ur shorts.
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