You mean V? Of course it's making a V. This market will never see a meaningful down move again. Everytime it's an easy, guaranteed V.
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Forever Bull Market
- Thread starter v-shape-0DTE
- Start date
Cashed in longs. Didn't like momentum dropping off. May get back in if it changes. Or flip the other direction short if it doesn't.Above opening print (ATM), yes.
Today is essentially a green day in my mind. We had the overnight news in China and the UK, but like usual our market here refuses to ever actually go down. OK dip this morning, but as usual they are buying the living crap out of the dip. Days like today ere what give me more confidence and it proves over and over again how truly impossible it is for this market to go down.
Since November when QQQ went from 340-410ish we've only seen 1 directional $10 move. A few attempts, but every time it just makes a quick V right back.
Since November when QQQ went from 340-410ish we've only seen 1 directional $10 move. A few attempts, but every time it just makes a quick V right back.
This market rally was just about a huge Bond market rally. It is over now. TLT peaked on 12/27. I don't know how much lower it will go but it looks it is done going up.
I will say, I do believe the equity market tried to drop today, but this is the new monster they invented with everyday 0DTE. It's forced to go back up with all the hedging and derivates so the price action looks scammy, but it floats right back up until the selling gets exhausted and then pumps further.
When you only look one direction .... that is all you see.
I prefer watching for both.
And???
The point of the thread is to give your opinion and offer some insight.
Any noob or bot could come in here day one and say they watch for both.
Jesus.
3rd response from you in short period of time - that I am now responding to in kind.And???
The point of the thread is to give your opinion and offer some insight.
Any noob or bot could come in here day one and say they watch for both.
Jesus.
Who is really the bitter man.
But thank you again for letting me know what the topic was about - down days have not been "outlawed". You ought to know watching TSLA since Dec 28th.