MightAssTouch

MightAssTouch

Open gap on ES1!, we knew it had to go lower. Thought the catalyst would be PCE friday but Meta earnings did it. I think they dont even look at earnings numbers, they just use the event and hit sell. NQ! .78 fib rejection is a clear reversal signal imo. Expecting at least the .618.

MightAssTouch

Since the market started tanking NQ1! 14 day RSI has not finished above 50. It will be hard to pinpoint a reversal but RSI and this trendline will help.

MightAssTouch

Markets might get a short term pump. In that case if this thing stays in that pennant I will be taking next weeks puts. RSI, MFI, and %D all trending down.

MightAssTouch

Clean upward channel which broke down yesterday... Is it going to regain or fall again? We find out in 30 minutes

MightAssTouch

Fed minutes are scary. Talking about earlier rate hikes again should be awful for Tech. Probably safe to short junk no matter what, but lets see if this range bound trading continues. Lower range sitting on top of 100DMA, might be a small bounce.

MightAssTouch

Opened below the downtrend today and went all the way down to the support region. Should have been a short if I had been more vigilant. Watch to see if there is a bounce, otherwise < 270 next target

MightAssTouch

For all my gap fill theorists out there. Gap filled above, and there is another gap to be filled below. After that I think we see a meltup like no tomorrow.

MightAssTouch Updated 

This overnight pump is too much too fast. It bounced twice off the most watched trendline in the market, and looks like it might have free reign until the upper red trendline. Either that or Americans hose the Asian and Euro markets and sell off until the lower trendline.... I think its best to wait until that upper descending trendline is met.

MightAssTouch

Just in case anyone missed this pennant forming. Two possible upper trendlines. Im inclined to the red one since rates are going up, but just keep your options open. Small caps ought to deflate IMO, junk that has been propped up hardest by the Fed.

MightAssTouch

Hello hello, This week was a true whipsaw which I expected going into the week. It was a week of retests, As you can see from Mon close to Tues High, then Tues close to Wednesday Close. Wednesday close had the least amount of direction, and once Europe pumped overnight futes a lot of shorts got caught so we saw a huge green day on Thursday. Then from Thursday...

MightAssTouch

Was in puts, probably should have held over the weekend, but all cash at the moment. I am not seeing much cause for a bounce until 15100. 50DMA, Support, and lower trendline all hit around that price point. If that happens I will bet heavily on some calls.

MightAssTouch

Massive penant getting tight. I have already bet on the downside, obviously could continue to the upside. Stay sharp.

MightAssTouch

Trendline always changes on this beast. Given that the overall market finally looks precarious it is time to take a chance shorting this one. MFI and RSI bounced off overbought too.

MightAssTouch

Broke through the lower trendline. Near term target 75.

MightAssTouch

Big time pennant, I am guessing it breaks to the downside.

MightAssTouch

Has a decent gap to fill. Usually shortable above upper trendline. In NVDA puts, may add AMAT puts.

MightAssTouch

Hello Hello, bounced right off the extremely pumptarded trendline I drew a long time ago... Depending on how dovish JPow is it might be time to short this one.

MightAssTouch

In recent history shorting above my upper trendline has been successful. MFI RSI also overbought.