Top of Bolly Band; Gap to Fill then Throwover

19. Mai 2023

Chart has it all. Notice every prior local top is a point, no plateaus, after squeezing the upper Bolly band, they rollover.

August gap is a magnet. Once filled, much higher seems improbable. Fewer issues advance the price, moves up on lower volume, weaker RSI.

Lot of participants been waiting to sell at this price. The dump after this rally dies could be hellacious... June Swoon.

19. Mai 2023

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Got real close within 5 pips. Hopes dashed... ?!

19. Mai 2023

Anmerkung

Might get another bullish effort Monday. holding no pos over wknd.

19. Mai 2023

Trade ist aktiv

Weakest index is RUT, opening inverse ETF TZA 200 shares, a covered call write, short the 26May $34 calls net debit $31.90 x200.

Small side wager of five SPY 26May 319p bear spread short Monday's 316p net debit $2.10 x500.

19. Mai 2023

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Added 100 SDOW at $26. DJI has been most volatile index, seems to swing up/down 200-400 pips daily.

23. Mai 2023

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got 4207 twice on Monday 5/22. looks like the top. if it cant break above it will rollover.

24. Mai 2023

Anmerkung

First wave down. Bounce from oversold Weds; sell again Thursday.

Massive rally from oversold on debt deal imo.

24. Mai 2023

Trade ist aktiv

Couple bearish down days looks like it found support; any positive developments in budget will moon it.

All shorts closed. Gaps to fill above, two now. Oversold.

24. Mai 2023

Anmerkung

ZOMGG.... just look at NVDA AH. OMGGG...! Nuts. I didn't take a $10 call cuz I never figured it would get much over 320. $378 AH. +24%
QQQ +$4 in sympathy. SPY +2$... I posted warnings, esp to not short chips. In my trading club guys shorting NVDA laughing at me, hahaha Sawbucks, my poots up 50% already, what do you know?! toldyaso.
Do not stay too long at the put party. U will be the bag man EOD.

25. Mai 2023

Trade geschlossen: Ziel wurde erreicht

Filled in the chart. Closed on time and it's headed back up. Do not short until the bulls have their fun.