Bear trap?! Can it bounce here?! Stay Tuned!!
Updated
Chart says all. IF price follows Jan pullback form, we gonna get a strong bounce to new ATH from here. Else; The End...
NB: An EW impulsive wave completed in MFI outflow on 2/25; RSI could bounce from its TL here, might be a Bear Trap.
IF price is in Bear Impulsive Trend, ship is goin down bowfirst. We had both Bear and Bull traps twice this week already!
Trade with care! Do not leave positions unattended!!
NOT advice, trade at ur own risk, GLTA!!!
NB: An EW impulsive wave completed in MFI outflow on 2/25; RSI could bounce from its TL here, might be a Bear Trap.
IF price is in Bear Impulsive Trend, ship is goin down bowfirst. We had both Bear and Bull traps twice this week already!
Trade with care! Do not leave positions unattended!!
NOT advice, trade at ur own risk, GLTA!!!
Note
Yeah it bounces, let's see how high...Note
It consolidates; made beer money off SPY 379 calls on the bounce today. Let's see where it goes, holding cash over weekend!Note
Bought another case of beer on the 383s lol. Not convinced this will become runaway rally, in cash.Note
Well well, EOD selloff surprise, slammed right back down to 380 support. Might gap either way Monday, not betting on the next move. Covid relief package in the House now...Note
So many traps! Just watch...Note
Looks like we have liftoff... likely get some pullback then ATHNote
If it bears Weds this idea will be invalidated IMO, shoulda got more lift if its a bull wave, looks like a Fibo retracement rally
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.