This is what a market bottom looks like

I am shorting with everything i have. Similar to how you could have bought at 2300-2400 and made profit with high certainty, same goes for selling here IMO.

I am seeing really REALLY a lot of confluence. I don't think i've ever had such a big short position.

Risk is still managed, i won't blow if wrong, but IMO we have wind going into our back. Good luck.
 
orbit23 said:
Is this a bottom have i ever seen one. There is no such thing as free money or a certainty in trading, but buying SPX at 2300-2400 is like picking money from a tree.

Just look at the panic + weekly SPX chart is going to paint a bullish SFP pattern and a doji at the same time.

Buy now, hold till end of week , potentially until end of month(March) and thank me later.

Look at this comment, timestamp this thread and check back in a week. When all hope is lost, market finds a bottom.
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I took your advice and bought. Thank you very much.

orbit23 said:
I am shorting with everything i have. Similar to how you could have bought at 2300-2400 and made profit with high certainty, same goes for selling here IMO.

I am seeing really REALLY a lot of confluence. I don't think i've ever had such a big short position.

Risk is still managed, i won't blow if wrong, but IMO we have wind going into our back. Good luck.
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I am still holding. Are you shorting Europe or US?
 
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ironchef said:
I took your advice and bought. Thank you very much.



I am still holding. Are you shorting Europe or US?
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i was stopped on a 7pip move :) (This is not a joke lol). I am daytrading, but if wrong, im quick to get out. I wish i had the skill to flip bias quicker and trust more the chart than myself, but it's something i'm still working on.
Otherwise i still think we get a nice big fat dump with great velocity VERY SOON. That's why as far as the thread goes, nothing changes. The bigger timeframe view stays the same(dump inc).

I am really surprised how far we've gone up. The bigger the pump, the bigger the dump though.

Pumps like this always end up with a rug pull. Expecting a quick descent down to 2650. Good luck with your longs.

Nasdaq had been the one leading this run , the strongest.. and It's already struggling and dropping while everything else continues chadding up.

Also look at Netflix, the main leader and i think it looks more bearish than bullish momentarily. Gold also seems to have topped.

OFC i could be wrong, but it's just what i'm seeing and sensing..who knows :C
 
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When supports break(which has just happened) and volatility looks bullish, it's a reversal/start of a trend and move is likely to continue.

Good luck to everyone counter-trading me.
 
ironchef said:
I took your advice and bought. Thank you very much.



I am still holding. Are you shorting Europe or US?
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Ohh i thought you were counter-trading me on my latest short.

No. I am shorting because i think market will lose the floor here. I could be wrong. But i think we dump like 10%, then we see from there.

And I am short on everything. Literally every asset class, so it doesn't matter if US or Europe, it's pretty much the same, even the gold is moving relatively in sync.
 
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orbit23 said:
i was stopped on a 7pip move :) (This is not a joke lol). I am daytrading, but if wrong, im quick to get out. I wish i had the skill to flip bias quicker and trust more the chart than myself, but it's something i'm still working on.
Otherwise i still think we get a nice big fat dump with great velocity VERY SOON. That's why as far as the thread goes, nothing changes. The bigger timeframe view stays the same(dump inc).

I am really surprised how far we've gone up. The bigger the pump, the bigger the dump though.

Pumps like this always end up with a rug pull. Expecting a quick descent down to 2650. Good luck with your longs.

Nasdaq had been the one leading this run , the strongest.. and It's already struggling and dropping while everything else continues chadding up.

Also look at Netflix, the main leader and i think it looks more bearish than bullish momentarily. Gold also seems to have topped.

OFC i could be wrong, but it's just what i'm seeing and sensing..who knows :C
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I am not good at day trading, usually swing options. But this go around also bought some stocks, maybe for the longer term hold?

Enjoyed reading your posts and thank you for sharing your thoughts.
 
orbit23 said:
Ohh i thought you were counter-trading me on my latest short.

No. I am shorting because i think market will lose the floor here. I could be wrong. But i think we dump like 10%, then we see from there.

And I am short on everything. Literally every asset class, so it doesn't matter if US or Europe, it's pretty much the same, even the gold is moving relatively in sync.
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I don't know, I have a sense that all governments around are conspiring to keep their market up. They look at their market as a proxy for their economy.
 
Keep posting Orbit! You've been in the ballpark on your recent calls and you have had the balls to put those calls out there so you have my respect! Best of luck to you!
 
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