I forget the snazzy title I was going to use
and also what the description was :(
I'm not sure how the unemployment numbers or Powell speech will be interpreted tomorrow but barring some mysterious unknown, this dead cat bounce looks stronger than most people are expecting. Smart money is buying, maybe not today, maybe not tomorrow, but there is bullish interest inside of this weakness.
Never any idea why, but we could see $440 tested again soon (like 6 months kind of soon, don't bet the farm on Oct calls just yet)
Anyway, I like the setup here so I wanted to capture it for all ages and hope this post ages well.
I'm not sure how the unemployment numbers or Powell speech will be interpreted tomorrow but barring some mysterious unknown, this dead cat bounce looks stronger than most people are expecting. Smart money is buying, maybe not today, maybe not tomorrow, but there is bullish interest inside of this weakness.
Never any idea why, but we could see $440 tested again soon (like 6 months kind of soon, don't bet the farm on Oct calls just yet)
Anyway, I like the setup here so I wanted to capture it for all ages and hope this post ages well.
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.
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