Fib Levels

Updated
Not even gonna guess how high will it fly. Got higher than we expected already. Smoked bears, gone into hibernation.

Here are the fib levels for your consideration. Notice price approaches the top Bolly Band.

Not a lot of room left to squeeze but it could pump higher.
Not overbought yet. Short when it gets there. Bewary.
Trade active
At the .786 fibo scaling in bear shares SPXS SQQQ
Trade active
Adding shorts in TZA SDOW SPXS SQQQ the TL broke!
Comment
Looks like a shooting star and a lower top. Let's see. Hedged shorts sold calls on the etfs.
Trade active
Yeah shorted that nutty pump Fri am and now it's so weak... can't squeeze a dime out of longs.
Data in am was real soft, more data next week.
Into SPXS for $9 bucks. Back half of May into June seasonal weakness. Let's see.
Trade closed manually
Yeah closed bear shares for a push. Market is long bias. ANY tiney improvement in PCE, CPI will boost it to ATH.

Seems to be seeking prior ATH, 449 on QQQ, 525 on SPY. Can get there overnight before the open Tues or Weds. Better to sit out and wait to see what we get, eh?
Comment
higher and higher it goes, where it stops, nobody knows
Comment
Yeah ATH. So overbought but can get more bought. 451, 529... more? Probly.
Trade active
Took a few spy 530p it moved so fast u cant open a trade window fast enough, closed em green then it ripped like Hell out of the pocket, moved so fast u couldnt even get into a call. Jeeez. You can just get killed, be carefull fgs!
Trade active
Shorted DJIA at 40K in 300 SDOW, got some SQQQ as well. Dump soon, probly next week.
Trade active
Loading shorts SPXS SQQQ SDOW TZA gonna get some PB soon... June swoon?
Order cancelled
Closed all for trivial gains. "feels like it wants higher" ... consolidating.
Might bull Monday, idk but the stonks will still be there.
Trade active
And there it is. Looks toppy. Re-opened SPXS SQQQ SDOW. Getting SDOW over 40K likely to be a win imo. GLTA
Trade active
Adding
Comment
Top here imo, or dam close. Divergent indexes, DJI falling, smallcaps weaker
Trade active
O wow looks like we enter correction! Be careful, has been so deceptive... closing shorts here bloody green. Short the rallies!
Chart PatternsFibonacci Retracement

Related publications

Disclaimer