


Adding to my USDCAD buy. Think this is likely the low. If we drop under 1,756 I'll hit trailing stops on my exiting buys.
Clear and clean break made in BTC now. Into the capitulation swing. I think this is heading to 30K. See swing plan attached.
SPX made a big bear break yesterday. Feeling much better about shorting now we've had a really vicious bull rally. I think this swing is heading under 4200.
That previous support was not up to much. Exited my buys and back up to full short into the retest of 3325 and targeting 4150
Exiting quite a lot of my shorts. Still holding swings. Think this drop is about done for now. Plan to short again into 4430. Will re-issue plans if buy is stopped out.
Very strong day in the USD. Looks like we're setting up the breakout I've been talking about for a while now.
Shorting SPX into the bounce. We've now seen the first real bear break in a full year. One year, no break - until today.
Been shorting SPX pretty much every bounce for the run down but I think it's due to see a bit of a rally now and some ranging for a while. Going long because I think there's good probability of the butterfly holding here. Also helps to cover my put options accumulated through the week if we bounce and range for a while. See my overall trade plan for SPX in linked ideas.
Here's an estimate of how I think a SPX break may be likely to form and the spots at which I am looking to trade into it. Phase 1 - Chop/whipsaw Will be cautious in the first days. I am going to be taking short positions into rallies with tight stops but I expect to see mostly a range with false moves to both sides early in the week. Phase 2 - A spike low...
After the big drop on this it's sat in at the low for a while and made a double bottom. We may be in the ending part of wave 4 and due a parabolic rally up to / close to 600.
As part of my ongoing accumulating of traders against cryptos and stocks with a lot of exposure to crypto, I am looking to add MSTR to my short portfolio. This has had its first bear break, correct and and I think it's soon due to make another move down. My first target will be the 161 extension.
The confluence of matching points we have between the market of 1929 and our current market have gotten to be scarily similar over the last 5 - 10 years. For us to match the DJI of 1929 we'd need; A slow uptrend with regular pullbacks/crashes. A couple 50% crashes spaced a bit apart from each other. A breakout of the high of these crashes into a sheer...
The confluence of matching points we have between the market of 1929 and our current market have gotten to be scarily similar over the last 5 - 10 years. For us to match the DJI of 1929 we'd need; A slow uptrend with regular pullbacks/crashes. A couple 50% crashes spaced a bit apart from each other. A breakout of the high of these crashes into a sheer...
Adding to my BTC position. See my linked ideas for overview analysis and recent analysis.
Building up more into my USDCAD position I've been taking over the last few weeks. See linked for analysis
We're now into the possible false breakout of the 161 of the last drop in this. Always my very favourite place to fade a market trend. I know soon if I am wrong, and it's a mega trade if I am right. Shorting Japan now to go along with my US indices shorts. I'm much more bullish on Japan than the US - if we see drops in the world indices, I'm a buyer of the Japan...
This is my approximation of the spot where it'd make most sense to scale up into SPX shorts. If we see price bounce on the 127 fib - parabolic move first and then a grinding little follow through - wait a day or so and short double patterns on recent price action (4 hour chart). The next break might be a big one.
Along with other US indices Nasdaq is showing signs of weakening. Also take swing short in NQ.