PartTimeGenius

PartTimeGenius

Broke down from last time's wedge and now just made a bigger wedge.

PartTimeGenius

Trash is trash unless otherwise stated (Untold law of Newton, *paraphrasing). They keep pumping it with slight marginal new highs followed my massive dumps (distribution). ***Let's talk about it!...***

PartTimeGenius

And this is why playing ER is simply a gamble, they can say (or not say) what they want to get a certain reaction. (check out my last post on it below and then...) ***Lets talk about it!***

PartTimeGenius

When the Resistance finally gives up... ***Let's talk about it...***

PartTimeGenius

Good news from HONG-KONG, BREXIT AND "TALKS" all in 48 hrs... Sheesshh Nothing has changed here, only stop chasing and a bull trap IMO. SPY still trying to back-test the RED wedge line and waiting on QQQ to see when that breaks. Once again, not trying to time the market, only trying to determine the next likely direction. I still believe all this is simply fluff,...

PartTimeGenius

Holiday weekend, so don't expect much today. But it looks like we're having the same pattern as in Q4 '18. Also note that QQQ still hasn't broken it's wedge. ***Let's talk about it...***

PartTimeGenius

215$ is a major RESISTANCE, too many trapped longs from literally a year ago. Also, REPEATED island formations at that level before REJECTION. ***Let's talk about it***

PartTimeGenius

Still leaning more bearish than not, but qqq/xlk must break first. ***Let's talk about it***

PartTimeGenius

Could still push to ~63$, but nearly 20% since ER is way overdone. ***Let's talk about it***

PartTimeGenius

Even tho SPY (Blue line) has already broken from its trendline(Red line), I don't think we see much below blue box (bottom at 272-ish) until QQQ (Orange line) breaks its trendline(Purple line). When QQQ Breaks, it will be a fast track to the red arrow. STILL OVERALL BEARISH LONG-TERM THO! ***Let's talk about it then... ***

PartTimeGenius

Few things in trading are more bearish than failed breakouts... Will remain bearish 'til it can open and close above RES. ***Let's talk bout it ... ***

PartTimeGenius

Everything has filled it's gaps... expecting bearish sentiment to return. ***Let's talk about it... *** Tomorrow... Peace!

PartTimeGenius

I DON'T play ERs, but will be watching this post ER for a possible short given the indicators. Then again, it might just dump on ER, but still not worth it cause anything can happen. ***Let's talk about it...***(After ER)

PartTimeGenius

Simple(aggressive) back-test... nothing more. Might close Red/Flat. ***Let's talk about it... ***

PartTimeGenius

There will be fireworks. Still maintaining 30% down side. *** Let's talk about it... ***

PartTimeGenius

RSI near 90 on every time frame (including monthly). Will most likely hit that $100, just so they can say they did. ***Let's talk about it ... over some tea"

PartTimeGenius

Make no mistake about it, IT WILL GET UGLY! ***Let's talk about it when it does... ***

PartTimeGenius

That's all folks! Get your puts in before EOD and ***Let's talk about it next week... *** Note: 30% seems excessive 'til it happens