Crown Says Down
Updated
This structure appears before massive selloffs. Strong resist at 4385.
Today's (10/16) gap & go rally may well be a last gasp for bulls.
If we don't get a breakout 10/17 we gonna see a big dump into EOM and FOMC.
This is a really risky time to be in here. Good luck if you try to play. I'll be short.
Today's (10/16) gap & go rally may well be a last gasp for bulls.
If we don't get a breakout 10/17 we gonna see a big dump into EOM and FOMC.
This is a really risky time to be in here. Good luck if you try to play. I'll be short.
Trade active
Buy Sell Buy Sell Buy.... DUMP. One day BTFD will not work and the gap down will go down and stay down.Don't get overconfident. Buying every dip will eventually wipe out your account.
Trade active
banked poots flipped cawls done for a day. who knows another nutty rally to short?maybe 4310 will hold. idk, nobody knows
Comment
"One day BTFD will not work and the gap down will go down and stay down. "Eureka!
Comment
YesssssssTrade closed: target reached
Well that was fast. RSI oversold on most timeframes now and we double bottomed. Expect some kind of bounce. Then moar puts.
Comment
If you are loading the Putwagon and over priced bear shares here you should think long and hard about whether you are the bag holder.Expect a dive early on in Thursday session which may pivot and reverse higher... a lot higher.
Thursday's finish is critical... if we get a Dragonfly Doji we likely have a local bottom.
Selling short at bottoms does result in max pain.
No position, all in cash. Already closed this out.
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