MechanicalEngineerTrader

MechanicalEngineerTrader

First time this pattern hits in a LONG TIME. Right before debt ceiling hit!

MechanicalEngineerTrader

QQQ hit the top resistance line, still needs to follow the pattern of hitting bottom line to complete cylce.

MechanicalEngineerTrader

I have $100,000 in spy puts betting on spy will reverse down to new lows any day.

MechanicalEngineerTrader

I 100% do not want to bet up or down as of now. Everything is too risky unless we were to confirm one way or the other with rising rates, increased taxes or something big announced. RSI levels are not insanely oversold as of now. We could do a massive breakout, followed by then the massive crash...

MechanicalEngineerTrader

Good Afternoon, The Spy has been holding the Parabola uptrend. I have $100,000 waiting for the break down to put into UVXY. Spy could potentially hold up at these levels for another month. Wait patiently, and the reward will be huge! God speed.

MechanicalEngineerTrader

As you can see, we are in a very steep, parabolic uptrend. The trend will not last. Open short now! Fight the feds! As a team, we will overcome our corrupt government.