Crash?
- Thread starter Scataphagos
- Start date
The setup at the end of this congestion is a REALLY BIG one... not your run-of-the-mill scalp or "daily swing". That's why, "who cares"?... Everybody/trader should. (Get the next 2 "big ones" right, it will change your life. Get it wrong and it could change your life, too.)
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Month to month from last year MARCH I used a tad less Kilowatts at home yet my bill was 20% higher.
SPX held longer term support again ( 5 times this year ? ). That's not a good sign for the bears expecting a crash. I'm not following US stocks all that closely this year but I was kind of expecting today to play out exactly as it did.
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True re holding support, and congestion today. I sold UVXY partial on the gap up premkt, still holding some, plus bought SCO KOLD into the close. I also bought cannabis stocks and DKNG end of day. So I'm playing both long and short here. Traded SOXL bounces intraday today.
Volatile times, good trading all.
Volatile times, good trading all.
As I was saying... when everyone expects the crash, it doesn't happen. Same fake-move today as earlier in the year when Meet Kevin (yeah, THAT guy who's shocked avatars looks like someone rammed a fist-full of mortgage bonds up his ass) sold off and bought massive PUTs. Despite teaching everyone else they had to be bullish. Hahaha!
In any case, today closed mostly good, and only bad moves for NetFlix bagholders.
In any case, today closed mostly good, and only bad moves for NetFlix bagholders.
In spite of yesterday's big pop, we still don't know enough to hang our hat on anything trendwise. IOW... the bigger chart pattern leaves open either possibility of "early in a bear market" or "final stages of the bull market".
IMV... as long as the SP is between 4800-4100, it's just a trading range to be traded accordingly.
IMV... as long as the SP is between 4800-4100, it's just a trading range to be traded accordingly.
Looks like Chanos is very happy today. Up-tick rule on COIN enforced!
