OH CUE THE D*MN MUSIC: A big fat $600 is coming to every American.
Naturally, the markets are pumping, but there are massive gaps on the daily chart. This might begin to correct immediately after hours, if not before with a loss of the false-floated enthusiasm. To be clear, this trader has no idea *WHEN*
SPY will begin to really crap itself-- but, ignoring the WHEN - we have the WHY & HOW: handout checks that will come back to bite us all in the rear in 2021.
But hey, in the meantime, everyone is singing "Let's GO BUY SOME STONKS, LET'S GO BUY SOME STONKS."
Good luck with that, b/c this bubble is going to burst and those bulls won't be able to get out fast enough as the Ls rack up.
F**K LUCK; BEST LOGIC TO EVERYONE!
-BDR
Naturally, the markets are pumping, but there are massive gaps on the daily chart. This might begin to correct immediately after hours, if not before with a loss of the false-floated enthusiasm. To be clear, this trader has no idea *WHEN*
SPY will begin to really crap itself-- but, ignoring the WHEN - we have the WHY & HOW: handout checks that will come back to bite us all in the rear in 2021. But hey, in the meantime, everyone is singing "Let's GO BUY SOME STONKS, LET'S GO BUY SOME STONKS."
Good luck with that, b/c this bubble is going to burst and those bulls won't be able to get out fast enough as the Ls rack up.
F**K LUCK; BEST LOGIC TO EVERYONE!
-BDR
Note
It looks like the REVERSAL is in progress but who can really know, lolNote
It seems almost crazy none of my views have changed after today. While I am trying to NOT GO put-crazy, I probably can't help myself. This is a time for discipline. The wise move is to wait for clearer signals from the market, and most will throw caution to the wind in a bullish market - Something JUST FEELS OFF, and that's all I can say. I am a novice, but I have been right an unusually high % of the time, so I am not telling myself the "GUT FEELING" realm is useless, not ever.
Trade closed manually
I also manually backed out of my 2 SPY Puts, to save any of you messaging me asking. I took the loss. I have no pulse on the market right now, and that - again - screams Stay out, for the time being.Note
When this collapses fully it is going to happen SO FAST. The S&P is clinging to the top it is now ascending to, but the higher the climb the faster the fall. I am 100% still bearish on the market LT.
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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.