Market Calls

Quote from empee:

well, its blurry here it might breakdown this afternoon and if it doesn't break today I think we get a decent bounce on the dailies. I went a head and covered my position, I ended up out +66 NQ but it took 3weeks.

th reason I exited is ebcause if i'm right I think there is anohter 20 pts nq before it bounces (1380) and if Im wrong I'll give up 20 pts from here I think in a squeeze so its nto worth the risk.

Its showing a bear flag but the movement is so slow you need panic to break this, plus you got big Short interest. I just dont like the price action I give it 50/50 shot.

Ideally we a bounce and another setup to re-enter, otherwise I will re-enter at a lower price on a bounce.

However, if this is a bear flag, then I may not get the entry. However, there are other trades so I'm not sweating it.

Good luck longs, and shorts.

EMPEE
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good call
 
Hmmm I must have been sleeping I missed a FAT triangle that broke out above 10130.

Careful shorts theres potentially more upside left in this but who knows with this market.
 
well, we got the bounce, if we close like this I'll take long side on the daily double bottom for the short squeeze next week to bail out on... i'll go fewer contracts here because I'm countertrending, stop would be low of today with a target of around 1480, so figure right now 3:1, not a great trade, but fewer contracts (NQ), looking for a pop to 200day ma
 
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