Real quick..... if you are bearish, what do you want to see, a rejection coming up. (Why wouldn't you be bearish?) The bear market is clearly here as it should be. Just look at the chart.
If you ae bullish... you want to see a break out.... (yes we broke the trendline, but on a larger time frame that just becomes a wick)
If you are bearish, a double top would take this down in a big way....
It's that simple. Throw in what the options market is doing and its all just massive puts..... very few calls. The blocks being bought are not hedges either...
Don''t over complicate things. I turned red today like most of you guys..... would you be buying here though? Good luck if you are!
Enjoy your St Pats day..... don't worry about the stupid market. I know some of you are who are red are worried.... life is not meant to be lived around the stock market though ....
Also, ignore 98% of the posts on this board... there are some pretty hysterical people on here.... not sure why you listen to me either though. lol.
If you ae bullish... you want to see a break out.... (yes we broke the trendline, but on a larger time frame that just becomes a wick)
If you are bearish, a double top would take this down in a big way....
It's that simple. Throw in what the options market is doing and its all just massive puts..... very few calls. The blocks being bought are not hedges either...
Don''t over complicate things. I turned red today like most of you guys..... would you be buying here though? Good luck if you are!
Enjoy your St Pats day..... don't worry about the stupid market. I know some of you are who are red are worried.... life is not meant to be lived around the stock market though ....
Also, ignore 98% of the posts on this board... there are some pretty hysterical people on here.... not sure why you listen to me either though. lol.
Note
All valid points guys.. rather than respond to each.. and sometimes a break is needed. But can I turn your attention to Feb 2nd and 9th. Does that look familiar? Yeah, it sucks we broke 437 but a double top would just confirm bearishness and give you a target to where its coming down to. I don't have that magic answer to when or for 1000 percent sure, but I think you if you are worrying, you are going to be relieved sooner than later and that you will kick yourself for all that time you wasted worrying. Just call it a hunch. I could be wrong, anything can always happen but I will sleep well ... and I think you should to.Note
and with that said, It would not surprise me at all to see it go sideways or sideways and a little down tomorrow to keep you on edge over the weekend. A day or two or three of little movements and then bam! But don't panic and go running for the hills and miss what you came here for to begin with...Note
I dont know about you guys but I think I will take a stab at some puts tomorrow! I already have a ton of shares.. lets add some options to it. Why not. In a few weeks you will kick yourself saying man.... we are below 400 now and I didnt take advantage...
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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.