SPY : COME 2 PAPA this?
now THIS!?!?!?
is what I like to see!
literally yesterday was exactlyyyyyyyyyyyyyyyyyy what I was looking for in terms of a 'completion' pattern
To be completely honest I took no part in the fun yesterday- I ended up grabbing more calls @ open, set a limit (got filled pretty quickly...), and visited some family while they are down for the holidays
got notified about an oversold stock, posted about it, aaaaaannnnnnddddd then bout 20 mins later we make a 6$ move higher
didn't realize what had happened
& after looking at this disgusting chart right before close...
my body started tingling
clicked 'close all positions' on my long portfolios
started shooting webs from my wrists
got short w a small size to start
Basically what I'm saying is
I am the opposite of bullish
I've got a lot of cash
and need to get short
on just about anything
feel free to give me ideas :D
(still long vol just on my bearish /options account)
currently looking at PTON, looks good
some interesting rumors about TSLA and elon too....
--
not a lot of people trading due to the holidays...... low volume pushes around the indices like nothing
all thanks to the fed, blackrock , passive bulls, and best of all,
foreign central banks
I don't think they're gonna be too happy with America devaluing the dollar...
not a single bit (:
they've been buying U.S. equities for quite sometime now, latest I heard they own up to 40T in dollar denominated U.S. equities
maybe they have a 'close all positions' button too
this market is so fragile, from this point on, it won't take much till it pops
not saying get short at open and close your long positions- I'm just saying...
thats basically what I did
but everyone has different time frames and goals they are trying to meet
so keep that in mind
It's still too early to call- but this is the type of price action you want to see before a top
I am by no means 'all in' I'll definitely be patient and give this one some time
hopefully we can get another opportunity around that 378 level, I personally would like to see 380-382
On that note,
Lets make some money
GL!
