Beautiful Bounce mere hours or few days away

Updated
Hellacious bearishness...mmmm yummy! All fun rides must come to an end, this one will stop loss soon imo.

Look for a bend in the trend real soon. Friday is triple witching and could produce a near-term bottom.

Bounce back to 4400 is the likely test. A real ferocious down draft may follow.

For months I warned the Bear Market ain't over and the Fat Lady didn't sing yet. Take heed!
Trade active
Banked calls bought in open. Holding TQQQ.
Note
Delightful short squeeze!! Banked it. Nice change for EOD, after three days of tanking in sour hour, lol.

Expect more weakness Monday but IMO we got a pivot at 433 on SPY.
Trade active
Gap of +20 pips might forecast a lift intraday of 40. Closed longs for caution. Early chop is deceptive and volatile.
Note
Remarkable. +36 on squeeze. Closed under hotd. Might be one pump left in it, or none.

Loaded shorts EOD in SQQQ SPXS. Going back down soon, and lower imo.
Trade active
Feels like end of rally today. Loading more bear shares. Next wave down soon imo.

Positions in SPXS SQQQ SDOW TZA. GLTA!
Order cancelled
I don't like how this looks or feels. Seems to be holding a floor around 4380. Could break higher, might not break either way, could just consolidate and whipsaw so I'm out. Closed all. Longs made money, shorts made money.
Pigs will always get slaughtered... don't be a pig!
Note
Ain't you glad you closed them shortz?! LOL gap n go. Pure hopium.
Note
Yeah we got divergence goin on now sell the news.
Trade closed: target reached
Yeah if you didn't close yet close it now. Topping. Actual price < AH price. Enthusiasm wanes, fading.
Note
Wonderful short re-entry imo. Loading bear shares, redux.
Note
4440 appears to be a cap. shorting into eod opened TZA< added SPXS, SDOW SQQQ
Note
Bear flagging, could get a pop to 4460 rejection zone. Holding short. Add if it does.
Trade closed manually
Done with this post. Read the new one. Rally will end here, or within a few hours or days at most.

Bloody Red September coming. Do not be surprised if it stays green until Monday 4 Sep.

Although September is seasonally one of the weakest months, most new ATH do occur in the first week!
LOL, that's the setup, see?! Fleece the retail.
Chart PatternsdowntrendTechnical Indicators

Related publications

Disclaimer