I AM NOT A FINANCIAL ADVISOR
we're now forming FROM a secondary lower shelf from the new low that was established in march 2 2022
The lower shelf will form the basis of support
build up the market from a corrected level
watch the bottom touches. exceess liquidity has dried up so be careful.
likely the pump is from the shorters who are planning to raise a "second round"
the sky is the limit as they print a ton of worthless puts to sell.
this put selling is how they are raising extra liquidity and used to pump the market. Its a vicious cycle of pump green, but know the source, its the wolf.
OUTLOOK: Neutral
Potential trading vehicles: Butterfly centered around 435 for November 2022
I AM NOT A FINANCIAL ADVISOR
we're now forming FROM a secondary lower shelf from the new low that was established in march 2 2022
The lower shelf will form the basis of support
build up the market from a corrected level
watch the bottom touches. exceess liquidity has dried up so be careful.
likely the pump is from the shorters who are planning to raise a "second round"
the sky is the limit as they print a ton of worthless puts to sell.
this put selling is how they are raising extra liquidity and used to pump the market. Its a vicious cycle of pump green, but know the source, its the wolf.
OUTLOOK: Neutral
Potential trading vehicles: Butterfly centered around 435 for November 2022
I AM NOT A FINANCIAL ADVISOR
Note
HOW FURTHER UPSIDE IS POSSIBLE. ALSO NOTE 444 POC FROM COVID LOWS THANKS TO RECKLESS JPOW / FED
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.