Accumulate in the red zone - short term there is a possibility that BTC can dip to 55k. Personally I will average in if that happens. Not selling my current position tho! Not a financial advice. Invest safe.
Wave 2 was a flat; so there is high chance that 4 will be a zig zag; there is bullish divergence in lower time frame. A bounce to 451 - 453 likely early next week. From there if market goes down, it will find support somewhere in the lower part of the channel. QQQ closed below 50 ma. That's concerning. I still think we will hit ATH this year then there will be...
Wave 4 - choppiest wave of all. One final push coming soon before bigger pull back
Targets 3.2 If 2.2 holds a resistance, i would get out
Chart will look better if it made one more low below $90. This correction is almost over.
I believe the next sell off will be aggressive. VIX eruption imminent.
The next few weeks are going to be bloody. Tomorrow will be a perfect day to close your longs imho.
Leading diagonal when it breaks can retrace as much as 75%. I'll close my puts at 3600. I expect a bounce there.
META is on a free fall. Contrary to many, I do think META will make a nasty come back in a few years. But for now, I'm bearish on the stock
I'm still not convinced of this rally. I'll be patient. My puts don't expire till December.
This area should hold. I believe DXY might tap 119, before a reasonable pullback
If the momentum continues, this might hit 5% in 2-3 weeks. Not looking good for stocks
Everyone are so bulled up. My gut feeling says we die next week. I have started a small short position today. 320 - 330 will be the potential intermediate term bottom before a larger zig zag correction to >400.
I exited all my longs today. I opened a starter short position (just 1/5th of total size intended). Will add more if ES gets to 3800
I am going short here. Momentum slowing down (not a good sign in a bear market). Market failed to break this supply zone despite multiple attempts. I still have a small call position (runners) which I will be closing at market open.
I just noticed that the price action is similar to May- June; If SPY is to repeat the same pattern, it might go as high as 387 in the next few weeks before the next leg down
I expect one of these 4 scenarios to play out. I am mostly cash right now and wanna keep an open mind going into the next few weeks. This last leg down will pay out big if you time it well.
I would wait for a pop to 165 and short it. It has a long way to go down.