Pump Dump Chop Drop
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Don't get too happy. Still Bear. Sudden selloffs occurring daily, another big drop may be coming. Not doomsaying, just sayin.
Could get a rally or just more whipsawing chopdrop. Might get an impulsive finishing move next week. Consolidation zone.
Trade lightly, trade with caution, or just don't trade. Look at these bizarre chart formations... all traps. Cash is a fine position!
Could get a rally or just more whipsawing chopdrop. Might get an impulsive finishing move next week. Consolidation zone.
Trade lightly, trade with caution, or just don't trade. Look at these bizarre chart formations... all traps. Cash is a fine position!
Nota
No massive EOD spike suggests shorts maybe just about covered up. Made a bit off powerhour 30c QQQ 307 calls flipped to 45c and closed; ended 10c itm.Expected more of a desperate buy-in last quarter didn't get it.
Probly gonna see some retracement soon imo.
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Gonna head lower soon imo. Friday's madcap dash to the close might be a local high. I see lotta peeps calling inverted H&S and expecting higher. I do not think we've seen the head yet, lol.
Expect a lot lower within the next month. October probably a crash month this year, could be the low and pivot.
Should get a bounce off the midterm elections 8 Nov. it's late this year, being the tuesday following the first monday of nov... a holiday rally with right inverted shoulder in Feb/Mar could map finishing moves for the 2022 bear market.
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three days of gap n go. cpi could surprise either way. in cashNota
HOTD 4119 touched the LOTD 24 Aug 4119.9. An inch higher will invalidate this idea FYI.Nota
Looking at QQQ. First rally took it to 330-333. Next lift got 320-322. Now we have 310-311. Ten pip stagger steps.Stall and fall from here could provoke capitulation.
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Gap n go, gap n go, gap n gooo... Gave it all back in one session. Short the rallies!Nota
Wee bounce on PPI which was better than expected lol. Is why you don't place big bets on these reports!I held one put runner. Probly cost me 40 bucks. Not 40K!
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Choppy day. Flipped puts calls and puts. Watch, wait. SPX probly gonna print 3900 soon...Nota
Flipped calls on a partial gapfill, seems like it wont' fill same day, anything is possible tho I expect it may close LOTD. The volatility was expected but the gap was a surprise from FedEx, thanks parcelguys!TBVH starts to look on chart like a falling wedge and gone oversold, fair chance of a rally around FOMC imo.
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