Short

Fibonacci retracement complete?

Aktualisiert

Probably close to a meaningful pullback zone at the .62 fibo from Jan 3 highs. OFC it can always creep higher, been on rally 9 days now, usually means a dip to be expected.

Overbought in every timeframe now.

Trade ist aktiv

Opened single bear put spread fri eod in qqq 359/354; see what we get

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Gonna get a right shoulder setup from here imo

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Gosh gimme more bad news, yields inverted, rates hiking, Russians invading, and it bulls like Hell.

Apparently i simply do not understand when to buy stonks; need to back up the truck on bad news, a recession would be perfect now just load up!

I suppose this could be the blowoff move that crushes bears and sets up for the next cascade.

Trade ist aktiv

Shorted, covered, shorted EOD. Likely to gap up IMO so my pos is small, 3 contracts on SPY 458p Apr 11. Sometimes this kind of action is followed by a gap down, or more likely a gap up and then sell back down.

Topping in this price zone IMO. Significant pullback likely, probly test support ~4500.

Cheap easy play on this are SPXU calls, two weekers trading ~40c.

Trade wurde manuell geschlossen

Closed calls all in cash don't have a good feel about this, watch & wait.

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Gosh DJI -.5%, NQ +.5%, just nuts. MOMO in tech, small caps flat, blue chips selling... hidden bearishness IMO

DaddySawbucks

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