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Definitely at a “pop or drop” area. I thought we’d go a little further lower before going up like we did this last week. I see why we bounced up, I was guessing they’d run some stops and push lower though… This coming week should be another doozy. Should be. This market is nuts lately. There’s...

this was meant to be 5350-5400, not 4350-4400! People must have thought I was nuts lol not sure how I mistyped that so bad still looking very weak here to me …

ahh I meant 5350-5400 LOL yeah, 4400 would be a helluva drop!!!

I think you may get your “V” in the afternoon today, but I’m still thinking we continue going down and hit the 4350-4400 zone, just not today. It’s happening faster than I anticipated though. I think we’ll bounce up this afternoon and hangout a little bit the next couple of days before we get...

I still see us heading back down to at least this area, before any new ATH are made. A retrace of the month of August seems logical to me. The weekly and monthly charts just look TOO perfectly bullish to me lol

agreed, we wouldn’t just blast above ATH with no speedbumps. And before going higher we need to at least build some semblance of a right shoulder on the daily (B1 mentioned an inverse h&s on the daily a few days ago). They ran it right back up near ATH with minimal stopping. I see us heading...

I believe Vanzant called the 5383 spot which should give a nice bounce of the weeklies. It’s just below your trendline.

what do you and the lads think about going sideways next week to form a H&S on your chart? ATH with a h&s top, just before a correction? Eyeballing it, it would be inline with the long term trendline from Nov2023 and would break it if the pattern plays out - though I’m looking on my phone so...

I don’t think any moves up will have much juice. Maybe to 5140ish area then back down. I’d like to see 5000 by end of week. But maybe I just really wanna see the bulls bleed lol edit: thought I hit the submit button earlier on this but I did not.

I’m waiting for some kind of rug-pull. Interest rates, a war, something. I thought we’d get hit with a strong pullback yesterday, but it turned out to be a bull flag. Overall I’m still bullish and looking for a completion of a measured move on the monthly. I don’t think we’ve hit it yet. After...

agreed Excellent call B1. I’m an intraday scalper with occasional option plays mixed in, but I still didn’t see this coming and really had a short bias for the longer term in the back of my mind. As of now, we’re either setup for the biggest rug-pull double top we’ve ever seen or all-time...

range bound and choppy, frustrating a lot of traders I’m sure! They gotta take it out on somebody lol. I trade very fast time frames and it’s still been a volatile choppy year so far for me, but I’m doing fine. I’m still bearish long term. The weekly just looks like a massive bear flag to me...

They did! I think you’re gtg now though…

Another run up to clear stops wouldn’t completely surprise me… But I’ve got 32 as my spot to short on Monday. We’ll see. The dollar is at a monthly channel line resistance. It should start getting pretty interesting soon I think.

Bouncing off the daily trendline a few days ago is what’s giving us the boost. It was also a 50% pullback. Now we need to clear the the highs of the previous weeks, and it depends how price action does it. If it’s like today again, not good for the bulls. Although I do agree that with it being...

I was going to post last week Ken. I thought maybe you were a bit early on the UVXY. My date was the week of the 19th, but I went ahead and bought today seeing the Naz soar. A couple dollars difference won't make a big difference if the bear party really starts anyway.. I know a couple...

this isn't an alias. I haven't logged in for many months. I don't post often. I wanted to see what ET thought about the crypto bubbles. Yes I made valid points and there's no response needed. What I said about gold weren't opinions, they're facts. I wasn't looking for an argument or debate. I...

Gold has been used as currency and as a store of value for centuries. Precious metals are seen as a store of wealth. Families with generational wealth don't pass down stocks, they pass down gold, land, and art. It's ingrained into cultures around the world. It's used in electronics and so is...

exactly. Market makers also compete against each other. Simply calling out levels that ‘should’ be important means nothing. Where’s your stop, your target, your re-entry, etc? When those calls work, “wow great call!”. When they don’t, there’s silence for hours/days/weeks and no mention of how...

nice trade. One of the things that stepped my trading up to the next level years ago, was catching those falling knives. You’re early to the party instead of late. Of course, timing and money management play a crucial role as always. You don’t blindly jump in trying to catch a reversal. You...