SPY_Trader

SPY_Trader

I suspect this will be a quick shedding of another "0" or possibly two.

SPY_Trader

Way overbought, buyers drying up. Time to take profits. There are some unfilled gaps, my guess is that they will.be filled quickly.

SPY_Trader

Pretty obvious what is in store for the next few weeks. What goes up, must come down. A few unfilled gaps that need recognition.

SPY_Trader

Has held pretty well, seeing how many millionaires the crypto has created. A little profit taking, nothing more, nothing less. Seems as though the tolerance for pain is greater than the hope for ecstasy. Going to be a lot of sellers regret going on in the next few days. Seen it many times.

SPY_Trader

Crossed below the 20 day moving average. Stochastic and MACD looking sad. Hate to say it, but looks like a big dump about to happen. Time to separate the men from the boys. HODL'n

SPY_Trader

FOMO city going to kick in when this hits a new ATH. Sellers regret for a lot of new investors. Just MHO.

SPY_Trader

Below you can see how SHIB is bouncing off the 20 day moving average before it continues its ascent. Watch FOMO really accelerate when SHIB hits a new ATH, then drop 2 zeros in a week's time.

SPY_Trader

Seems like all the long term holders are cashing in their SHIB.

SPY_Trader

Per the official twitter account for Shib, there was an error in the circulation numbers being reported by CoinMarketCap yesterday. It is now fixed "Update: A bug caused by their engineering team's migration to a new infrastructure is causing the circulation figures to be off." I'm sure a lot of people panic sold, and will soon be purchasing SHIB again, hopefully...

SPY_Trader

Looks like the SPY is starting to realize that it left an gap or two that still needs to be filled. A pullback to about 436.25 would be a cruel trick for some, but a real treat for me. I've been eagerly awaiting to profit on a gap fill.

SPY_Trader

Two separate conversations about SHIBA. First, my Uber driver said he has 28 million. Then a guy working at the liquor store said he bought some a few weeks before it traded on Coinbase, and he's up big. They both seemed super excited and said they have no intention of selling until they are multi millionaires. I don't think I've ever had a live conversation...

SPY_Trader

This move is all about transferring wealth from the impatient to the patient.

SPY_Trader

Much like IWM, the ETF SPY is pulling away from the upper Bollinger Band, and the Stochastic shows it coming out of the overbought zone. My personal position is short call spread, hoping to profit from a decrease in price.

SPY_Trader

IWM has been pretty rangebound as of late, and it looks like its going to bounce down to around 219 or so. Yesterday we saw IWM bounce of the upper Bollinger Band. The MACD hasn't turned bearish yet, but should confirm a downward trend today. The Stochastic is showing downward pressure. This is not to say that IWM is expected to crash, but it may be a good idea...

SPY_Trader

I know there is a lot of speculation around this one, and this is probably just going to be seen as another pump post. I admit, I am new to crypto, but I'm not new to investing or stocks. I've seen this before. The same buying frenzy that fueled the housing and tech stock boom is now making $SHIB go higher and higher. I won't be shocked when this thing hits $1.00...

SPY_Trader

SPY, IWM, QQQ. Gaps, gaps, gaps. Gotta get filled sooner or later. Hopefully sooner, because I keep selling calls. #ThanksTrump

SPY_Trader

IWM has a bit of a gap to fill before it goes higher

SPY_Trader

SPY looks ready to run, but what about those gaps?