jobanis

jobanis Updated 

Market trying to front run the fed, and trying to convince fed itself that fed is going to pivot XD (like a bunch of degenerates). And celebrating the likelihood of 25 bps like it's the start of bull market, even though several members of the fed this week have been hawkish. Even Jerome Powell himself has said, fed will have to do something the majority wouldn't...

jobanis

we triple bottomed near the bear market zone (20% down from ATH), we didn't get a santa rally but can we get a pity eoy rally to 4000?

jobanis

breakout of bear channel has failed. Expect some crazy daily candle

jobanis Updated 

This is just my idea, PPI data is out as expected. Previous fear of 100bps rate hike probability is kind of easing down now. Which likely suggest yesterday's market was pricing in likelihood of 100bps hike, and now heading for neutral. And when the actual news of 75 bps hike is out next week after the FOMC, we might rally to maybe 4200~4230 range. That is when I...

jobanis

we all know who's responsible... Powellman and Homelander are in on it together. Don't trust this market

jobanis

Looking at the symmetry with April drop, we are getting there. if this begins, it will be the wave 3 all the down to maybe 3200 on SPX.

jobanis

We are sort of in this channel or possibly a giant bear flag right around the bear market zone. But short term, looking for a rally to 4000 on SPX futures.

jobanis

Everyone feels safe now. Hedgies shall not pass. There I put a magic spell.

jobanis

1. Hourly rsi showing bullish divergence 2. Current support at 50% retracement since the run up from October low. 3. At every new low, the buying volume is increasing/showing more demand. 4. Maybe on Sunday futures open quick visit to 50% fib level, then bounce hopefully for start of the Santa Rally till the eoy. Just my ideas

jobanis

Yes, do it. We will have another volatility come near November (gradual tapering expectation, FOMC, etc bullshit) Then Boom, new ath again and again and again.

jobanis

A cup of joe

jobanis

try your best

jobanis Updated 

Now that we are out of the week-long descending triangle and holding here, maybe there are some opportunity to trade the swing. I put a red box where you might be able to short and green box where you might be able to long. This potentially gives each position side precisely 3:1 Reward/Risk Ratio. I have chosen the stop-loss on both short and long sides based on...

jobanis Updated 

We are currently in a descending triangle with support around 7950. Either we break out of this and test the support around 7400, or hold here for now and form a new pattern

jobanis

We came back up to the long uptrend line.

jobanis Updated 

short target at 9k