Short

Probly gonna sell soon eh?

Updated

Perfect stop up at the Fibo. .62 retracement of correction, a Fomonacci high.

This has been a pure technical rally in face of most worrisome bad news in years.

Meme stonks back in action and FOMO drives higher nearly every session.

Would not bet on getting a lot higher but ofc it can always creep up.

Trade active

How bout that... opened n closed shorts all day. Took small vertical put spreads on SPY, QQQ EOD at 3:59, lol, nice bounce, see if it lasts eh?

Trade closed manually

made bank overnight on eod shorts, added some, made more, closed, done. could bounce likely imo

Note

SPX holding near 4580, price tested 3x. Be real careful about shorting here, could get bullish again, FOMO play?! No position atm

Note

Looks like a completed impulsive EW leg down.
Opened TQQQ and a handful of SPY calls.

Note

Pretty confident we gonna get another bullish impulse. Evryone expects downturn, that's when it goes up.

Drawdown was ~140 pips; bullup typically doubles drawdown. Could get double top test of 4800 from here.

Absolutely NO reason why it should bull; that's when it does, lol. Short-killer rallies driven by frantic put holders closing and shorts covering makes these stupid crazy rallies.

When u close ur puts for a loss the MMs who sold them can cover their short hedges in stonks & futurz. Then it pops, OW!

Trade active

LOL weekend trade has spx up 50 pips DJI +100, they never quit... expect a stupid pop Monday.

Trade closed manually

All out, flipped calls for beer money. I don't trust this market an inch. Short the rallies IMO, see how far it gets.

DaddySawbucks

Related publications

Fibonacci retracement complete?

by DaddySawbucks

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