DaddySawbucks

Measured Move? Pennant on Flagpole

Short
DaddySawbucks Aggiornato   
TVC:SPX   S&P 500
Last week of price action generated a pennant. Typically these fly at half-staff on a flagpole. Not sayin it will; but it sure could.

The measured move remains below the pennant. 300 pips to half-staff; 300 more would go to 3530 if it goes. Be carefull! GLTA

Commento:
BTW today Cramer suggested we should "Buy Da DIP"... SELL!
Trade attivo:
PA weakens. Flipped 381p on the AM sell. Could really go off Thursday. Might find support at 3800. Crapshoot.
Commento:
How bout that. Starts lookin like 2008>2009.
Commento:
Watch close now. This does have feel of a fifth and could be a finishing move. Usually the end of bear wave arrives with a dragonfly doji... the Hammer.

If it tanks off another 40 pips Thursday watch for pivot reversal. Take it real easy here folks.
Trade chiuso: stop raggiunto:
Yeah probly not gonna tank just yet. Warned you take it easy! ALways full of surprises.
Commento:
An amazing finish EOY, wow. 0DTE calls went from .60 > 3.60, +600%. I picked up some .39c calls and sold for 80c being very happy +100%, then watched in amazement as they delivered another 100%! Stunning finish. Shorts got caught in a bear trap and scrambled to cover EOD.

This Hammer doji what I been looking for to drive a Nail into the bear coffin. Looks like we got an inverted right shoulder; could get a strong move up in January to test the TL. HNY!!!
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