Gonna Bounce Soon
Updated
Better close ur shortz. Look at time and price patterns past two weeks. Down, down, Up; down, down....UP coming
See SqMo get ready to turn see WT bending, RSI oversold, people say, gonna get more oversold! Maybe so, won't last much longer.
Get ready for a big pop, a short-killer. When greedy put holders close out for loss the MMs can wind up their short futurz and BAM! Up she blows. (OFC you know when MM sells a put, they short the futures to cover it, right? When the put covers, they BUY the Futurz BACK... and up she goes)
After the first lift on futurz covering, short sellers head for the exits and spark the next pop, and she goes, pop...pop...pop... you do not wanna be short here IMO. These pops are explosive and sudden, watch your puts melt in seconds! If you holding UVXY, watch it vaporize...
Wyckoff UTAD possible, at least lift to the TL as shown, ~4680, then more distribution, eh. Probly gonna open lower and dig down a bit in AM.
Watch for the pivot. 2-3 day rally incoming IMO
See SqMo get ready to turn see WT bending, RSI oversold, people say, gonna get more oversold! Maybe so, won't last much longer.
Get ready for a big pop, a short-killer. When greedy put holders close out for loss the MMs can wind up their short futurz and BAM! Up she blows. (OFC you know when MM sells a put, they short the futures to cover it, right? When the put covers, they BUY the Futurz BACK... and up she goes)
After the first lift on futurz covering, short sellers head for the exits and spark the next pop, and she goes, pop...pop...pop... you do not wanna be short here IMO. These pops are explosive and sudden, watch your puts melt in seconds! If you holding UVXY, watch it vaporize...
Wyckoff UTAD possible, at least lift to the TL as shown, ~4680, then more distribution, eh. Probly gonna open lower and dig down a bit in AM.
Watch for the pivot. 2-3 day rally incoming IMO
Note
Hmmk did get the bounce on gap, filled and then a weaker rally. See linked post, looks like it might just rollover again. No position atmOrder cancelled
Yeah it's done IMO failed backtest, sinks lower, headed for correction or worse.Note
LOL so it did bounce after all but as you can see, short-lived and weak. This rally carried price back to the previous low... and rejected. Now it rests at the gap price; this gap will fill, if not in PM today, then AM tomorrow likely IMO.
Would not chase a long here, the trend is still Down.
Appears to enter bear market, many stonks are already >-20%, selling may continue after a rest day.
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