Next stop for Baba is in the 80s... bounce around and then the 60s. The only ones bullish on Baba are the little boys who have no clue what they are doing in the stock market or how it works and bought in the 200s or high 100s. They can not accept reality. Sad. But they will learn a big lesson on how the stock market works. See you in the 80s for the next...
The market was pricing in a move of 6.36 for the week. We are almost hitting it. I will be looking for us to get to two deviations or hang out up top and then gap over this resistance next week and break out of the channel and make a run for it. No bull market ever ended without a melt up to finish it off. 490s/ 500 and the bulls will be all excited and I am...
See you guys there in 2022.. oh wait, it is 2022. Ok.. see you there later this year. (I can just hear all the kids screaming in their high pitched mickey mouse voices, you're crazy. NIO is going to $200! Dream on kids. Oh and that spike last week.. oddly COE spiked higher than NIO did. Must have been that great news that came out right? 1/2 of all stocks...
This looks like a pretty picture perfect bear flag playing out............ Sorry you bulls. See you around the 60 level. Happy New Year!!!
I see what they call the super new bull flag. Its a bull flag that plays out 10x its normal expected move. Nobody can see it though. Thats why its called the super new bull flag. Load up... easily going to 250. I think more like 1250 but lets just leave the first goal at 250 for now. What do you think? Like and subscribe for more analysis like this. ...
The market is banking on a $6.36 move for SPY this week (7.53 for QQQ) I guess you could say average moves but ehh 7 bucks is usually the average move for SPY and we have seen much larger numbers lately. A bit surprising.. looks like a boring week looking at that but I would like to see this bull flag make a breakout out just finish off the chart. Well...
I see a bull flag on SPY to go ripping out of the gate... but then I see SPY just absolutely tanking. 490s on the way, 500 maybe and then say goodbye! Its going to drop like mad. Happy New Year! 2022 will the year of the bears!
I would look for the markets to kind of hang up top through the week and do the next leg up for the next week or so. SPY in the 490s, QQQ I think could go for 430... at that point, I see it as game over and will be looking for a pretty huge drop to end the month of January. I havent been able to check the order flow on options but will be doing so in the next...
So many posts about I think the market is going to plunge tomorrow... actually, I think we see some upside here. The market has priced in a move in spy of $8.93 this week. The purple lines note that. We bounced almost right on target. This is one standard deviation out. Notice where the upside is. Why would you short now? because you feel thats the thing...
So mark those areas off on your charts....... that is where the big boys have there bets... 70% chance if you hit one, you reel the market back in. So if you are going short, just have a little more patience and look for the setup. Spoiler alert, there is nothing really left to the upside .. what is to the downside in the months to come is ginormous. So...
I cant hear you......... can you speak up please? I can't hear you guys.......... wheres the mickey mouse club telling me its going to 160 last week?
Kiss your money goodbye kids! Follow the red arrow for this week, the green arrow for the weeks to come. Ho Ho Ho.. Merry Christmas! The bears run this show now kids!
Have no doubt, SPY will do what SPY should and NEEDS to do. It's not even a debate. It's really not. Anyway, I posted a SPY update yesterday saying how the little moves dont matter. What happens in a day just becomes a blip on the chart when looking at it. I present to you RNG. A company I know well. A company I highly recommended to aspiring...
Sweeps in the millions are already being loaded in puts. I am laughing so hard at the bulls. Its hysterical. Its called banks being banks. Their goal is to brainwash you and try and sell you everything at the highest price before the dump. If your new to the market or you are in the market for a couple years, you are about to learn a hard lesson. Day...
What happens in the next day, two days in stock market land.. know what is about to happen in the weeks and months ahead. I heard banks were telling people to buy "value" stocks the other day. You know why? So they can unload them on you before the dump. Check back in several months... this market is about to get hammered and really has no choice but to get...
For all the jobless little boys commenting on my other post. 1) Get an education 2) Get a job. This is how you spend your life? Pretty sad. So here is your play with your little, if lucky 20k accounts. I doubt you have that much. Does 135 make you happy? I wouldnt look for it to go more than say 80 cents past that. Then its time to hammer it down again...
There is breaking news coming over the lines... I dont know how else to tell you this. In a few months, your account is about to read....
The built in price for SPY this week is $8.50. We are approaching that one standard deviation move. If we drop another $8.50 by Friday expect to see the next lower high show up. Looking great. Lets goooooooo Tank this baby! Lets go! Lets go! Lets goooooooooooooooooo! Things are going to be really ugly for the bulls in the coming weeks and months. ...