Top is in unless a new ATH, this is the start of a longer leg down. We had a great close over the 50% fib the last few days so i am ready for a bounce to reload shorts. It s tight stop, if we fail to hold above the 50% of this current move around 6030-6050 then the move is over and the leg down will continue. Also we could just take out this current low and go for 5800.
This is very long term and I could be very wrong. I think we are going to see a big cycle out of these consumer heavy names as the spending has dried up all the way up to the luxury spender, see LV recent earnings. I am planning to short consumer staples! NYSE:CAVA NASDAQ:SBUX and more
Easy buy, easy R/R, get out at the low. Inverse head and shoulder. I like to long something that has been separated from the current market in a way.
Oracle Corporation (ORCL) has recently experienced a decline due to underwhelming earnings and concerns over its valuation. The stock is currently trading at $183.47. Given the elevated implied volatility in the options market, a short call strategy may be more cost-effective than purchasing puts. Trade Plan Details 1. Short Call Strategy: Strike Price: $190...
PLTR Put Strategy Plan: 1. DCA INTO PUTS: Target the $74–$79 range for initiating put positions. Use a scaling approach to average down effectively as the price rises. 2. PUT CONTRACT SELECTION: Choose 2-3 month expiration puts (e.g., February/March 2025). Strikes: $65 or $60 puts depending on risk appetite. 3. POSITION SIZING: Start small and scale up with each...
This setup for MicroStrategy (MSTR) is based on its close correlation to Bitcoin price action and a repeating fractal pattern from its last cycle high. The stock appears to be mirroring historical movements, providing a high-confidence opportunity for a short trade as patterns tend to repeat. The trade will focus on DCA into shorts with the expectation of a...
You could go long into equilibrium or you can wait and see the reaction etc.
I think meta goes to $600. If I am wrong then it could go to $750.
I am bearish overall especially below the 50% Fib. But I have to give the bulls a chance. If they can fill the gap and then take the fib then off they go. But realistically we fill the gap, maybe bounce and reject again and or just keep dropping. Slow grind I would presume so take a long leap position. I will scale into short positions over Q1 & Q2 of this year.