Harmonic Cypher Perfects at Gapfill 4018
The gap must fill. Short not until it does imo. Measured Move projected with price bands, +302 pips for a 1:1 move.
Gap may fill Friday. Expect weakness before FOMC, then a stupid bullup as follows:
7/27 1400 rate decision; initial ludicrous pop followed within minutes by a selloff. Price declines until ~1425 in falling wedge.
At ~1428 EST J Powell will step up to the mic and make soothing comments.
Irrational mad bullishness follows, rising price in giant arc up to close.
Thursday after the hike could turn into a bloodbath. Last time bad news was so good they bought it next day.
This time, who knows? Don't get caught short in these nutty rallies.
The Shark Cypher is a giant W with right leg taller than left. Other variants include crab, nenstar, etc;
nomenclature based on leg heights.
It is a BEARISH construct which usually leads to lower prices after break from right leg. There is the short entry.
Included RSI, Stoch and Stoch/RSI indicators for comparision to each other, these are interesting.
All approaching overbought. Target: The gap to fill below at 3796. Price very unlikely to fall below lower BollBand imo.
This is STILL A BEAR MARKET; all rallies are setup for lower prices ahead, until proved otherwise.
IMO the LOTY is still not in; could be mistaken, let us see what madness transpires in October... GLTA!
Gap may fill Friday. Expect weakness before FOMC, then a stupid bullup as follows:
7/27 1400 rate decision; initial ludicrous pop followed within minutes by a selloff. Price declines until ~1425 in falling wedge.
At ~1428 EST J Powell will step up to the mic and make soothing comments.
Irrational mad bullishness follows, rising price in giant arc up to close.
Thursday after the hike could turn into a bloodbath. Last time bad news was so good they bought it next day.
This time, who knows? Don't get caught short in these nutty rallies.
The Shark Cypher is a giant W with right leg taller than left. Other variants include crab, nenstar, etc;
nomenclature based on leg heights.
It is a BEARISH construct which usually leads to lower prices after break from right leg. There is the short entry.
Included RSI, Stoch and Stoch/RSI indicators for comparision to each other, these are interesting.
All approaching overbought. Target: The gap to fill below at 3796. Price very unlikely to fall below lower BollBand imo.
This is STILL A BEAR MARKET; all rallies are setup for lower prices ahead, until proved otherwise.
IMO the LOTY is still not in; could be mistaken, let us see what madness transpires in October... GLTA!
การซื้อขายยังคงดำเนินอยู่:
opened 3 spy 397c 1dte @1.75, a lotto
ความคิดเห็น:
Nuts! Holding 3 spyc
ความคิดเห็น:
Added 2 399c AH. Expect exhaustion gap up. GLTA!
ความคิดเห็น:
Took 3 moar on late AH weakness, we shall see.
การซื้อขายยังคงดำเนินอยู่:
Nice lift closed all the 0dte calls +400
ความคิดเห็น:
NQ futurz were -100 ah see if it fades
การซื้อขายยังคงดำเนินอยู่:
Flipped 5 moar calls for 200 bones. Early am chop should give way to bulls imo
ความคิดเห็น:
Flipped 20 calls for 500 bones was dicey lol hangin on by nails
ความคิดเห็น:
OMG look how it drops ffs i took 1k of other ppls money and now they vaporized it, do not hold more than a minute lol!
ความคิดเห็น:
So unstable behaves like just before a break down. No big positions today folks tread lightly with care.
ความคิดเห็น:
Rejection at 4012 might be all she wrote. Watching it. No pos.
ความคิดเห็น:
Yeah starts to look bearish again. Measured move completed in early trade, probably just about done imo.
ความคิดเห็น:
Flipped calls lucky as hell to get out. Got a damned space needle; a shooting star. Rally done IMO.
ความคิดเห็น:
Not entering big short yet, got an impulsive minute 5-EW in day; short if it gives a retracement EOD.
ความคิดเห็น:
Bears are back in town... stepped away to work on house and come back to find this mess, lol.
ความคิดเห็น:
Getting a weak rally flipped 4 calls, looking for short entry
ความคิดเห็น:
Opened 4 SQQQ 7/29 46.5c debit $2.45x400. Small swing pos for weekend.
ความคิดเห็น:
Opoening ITM spread, watch they close above 300:
-2 Jul-22-22 $300 Puts
+2 Jul-29-22 $302.5 Puts
ITM
-2 Jul-22-22 $300 Puts
+2 Jul-29-22 $302.5 Puts
ITM
ความคิดเห็น:
Added a put spread and another SQQQ call. Opened 200 SPXS and 200 SQQQ, short 7/22 expiring call option $47 strikes. Roll EOD if needed.
ความคิดเห็น:
Added two more spreads now in 5 put spreads and 5 sqqq calls. About as much as I want to carry over weekend.
Getting late near EOD, if you load up here and there is a late rally you'll be holding bag looking at weekend, don't like to do that.
Getting late near EOD, if you load up here and there is a late rally you'll be holding bag looking at weekend, don't like to do that.
การซื้อขายยังคงดำเนินอยู่:
Added spreads and SQQQ calls EOD, holding 15 over weekend. Will see if we get Red Monday.
การซื้อขายยังคงดำเนินอยู่:
Closed all shorts on early weakness. Probly gonna get a bump at FOMC.
Flipped ten calls for fun & profit. Travel day, bbl eod.
Flipped ten calls for fun & profit. Travel day, bbl eod.
ความคิดเห็น:
Terrific chop, price swings up/down >$1 on QQQ. Stayin out atm. Might be stupid bullishness before fomc, idk. Could crack anytime too. Pure crapshoot.
ความคิดเห็น:
See-saw day. Got a little from it. Tues probly be bully against all logic and reason. No pos.
Expect some weakness before 2pm Weds, whipsaw on rate hike, then stupid irrational bull move EOD Weds.
There be the short entry imo.
Expect some weakness before 2pm Weds, whipsaw on rate hike, then stupid irrational bull move EOD Weds.
There be the short entry imo.
ความคิดเห็น:
Not chasing the short, expect whipping.
การซื้อขายยังคงดำเนินอยู่:
Flipping calls on weakness
ความคิดเห็น:
Chopppyyyyy... will it find support? No shorts yet
ความคิดเห็น:
Treasuries inverted
ความคิดเห็น:
Lotta pressure. Coulda shorted QQQ after all but the other indexes holding up pretty well. Probly get some recovery by EOD IMO.
ความคิดเห็น:
Most or nearly all the weakness is NQ. Look DJI, RUT nearly flat, little changed. Market is mulling over prospects, they deciding whether to sell this rally and dump it or get more invested. Seems still undecided.
ความคิดเห็น:
WMT down ten bucks, but 3M +9 lol. Action packed ERs
การซื้อขายยังคงดำเนินอยู่:
Flipped few calls on SPY, DIA EOD on teeny lift. Barely worth it.
ความคิดเห็น:
Shoulda kept the calls, lol. They like the lousy ERs AH huge pop. Go figure.
ความคิดเห็น:
Yeah nuts. Wait for 2pm, gap didn't fill in an hour probly fill thursday.
ความคิดเห็น:
No pullback after 2 hrs. Probly stay up until 2pm. Sitting out again.
ความคิดเห็น:
Nothing makes sense, logic and reason are inapplicable. Look, Goog and Msft missed, they bull. Shop guidance sucked, it bulls. Meta comes next, probly miss... and bull ffs.
การซื้อขายยังคงดำเนินอยู่:
Flipped calls on first reaction rolled into puts closed, watch!
ความคิดเห็น:
Gosh a very muted reaction; is the price exhausted? All wait for JPowell...
การซื้อขายยังคงดำเนินอยู่:
Flipped few calls again. Waiting.
ความคิดเห็น:
TBVH what makes logical sense is market should sell on big hike and inverted T-bills. But it doesn't... hopium?!
News already baked into price; Tues selloff was the reaction, perhaps? Risky....
News already baked into price; Tues selloff was the reaction, perhaps? Risky....
ความคิดเห็น:
Took 2 calls and closed, fades, idk...
ความคิดเห็น:
Ofc it pops after you close lol!
ความคิดเห็น:
Flipped 20 puts yay
ความคิดเห็น:
Flipped ten more spy 400p. Pretty well satisfied to have made bank on both calls and puts on an FOMC day; a first!
ความคิดเห็น:
Absolutely nuts. Holding nothing, but probly sells tomorrow, last time it did this it bulled again for two days so not loading up on anything. This could be the high point, or it could have another 100 pips in it.
Nuts!
Nuts!
