ARX713

ARX713 Updated 

As part of my market crash thesis where we see a crash into October/November, SMCI should hit $300 in Q4.

ARX713

Reposting my DIA $392 target price for September (my previous chart was too messy). It's been in a very consistent channel all of 2024. This means SPY should continue lower towards the $500 level through this week. We will need to see DIA hold the $392 level and SPY to stay above $500, which I think is very likely the case as we go into rate cuts 9/18. The rate...

ARX713

Took a $100 10/4 put on nvda targeting $90 in an all or nothing hedge. Should see some volatility especially an overdue bounce next week. But the overall trend is down.

ARX713

The Dow hitting a major triple topping on the 4hr time frame. Expecting to see a quick spike up then make a downtrend towards $391 ahead of FOMC 9/18 meeting for a rate cut boost. Though we will know in next couple weeks if we actually start the downtrend. Possible it all just comes down starting in October after a couple weeks of post rate cut rallying.

ARX713

This one's pretty obvious you can see it falling straight down to the December 2008 range of $10-$14. This probably hits by EOM, so you can try end of Aug puts, but I'd give it to end of September or October with puts just in case we see an upswing in SPY in late August.

ARX713

The price action in SPY today mirrors the 12% correction in SPY in July - Oct 2007 pre-GFC market crash. Targeting $495-$500 on SPY as a near-term bottom after a quick pop up to $530-$535 in SPY. Then possibly rebound from $500 back to all time-highs, but if we fall through the floor, then we should see $400 on SPY.