This retracement has look and feel of a B wave, choppy and hesitant. Got a H&S in the 15 minute chart on 11/11.
Expect another leg lower soon IMO. Should push down to test support at the old ATH IMO. RSI went oversold, bounced, fades.
Likely to get a big bounce (arrow) after the C leg, retest ATH in December. 19 Nov OpeX likely to be pretty choppy IMO.
Sold off -300 pips and has bounced back a bit more than 200 of that in the AM lift. Now in descending stair-step pattern.
Measured move would end around 15815, give or take a bit. Selling could come at anytime, so unpredictable.
Wouldn't trade dailies on this as it might take a week to come off, could be tomorrow, who knows?!
I see lower lows and lower highs in daily charts on SPX, DJI. NQ looks like a sawblade fgs.
Opening position in ten QQQ 24 Nov 392Pp spread short the 15 Nov 382, net debit $4.12.
DYODD, GLTA!
Expect another leg lower soon IMO. Should push down to test support at the old ATH IMO. RSI went oversold, bounced, fades.
Likely to get a big bounce (arrow) after the C leg, retest ATH in December. 19 Nov OpeX likely to be pretty choppy IMO.
Sold off -300 pips and has bounced back a bit more than 200 of that in the AM lift. Now in descending stair-step pattern.
Measured move would end around 15815, give or take a bit. Selling could come at anytime, so unpredictable.
Wouldn't trade dailies on this as it might take a week to come off, could be tomorrow, who knows?!
I see lower lows and lower highs in daily charts on SPX, DJI. NQ looks like a sawblade fgs.
Opening position in ten QQQ 24 Nov 392Pp spread short the 15 Nov 382, net debit $4.12.
DYODD, GLTA!
액티브 트레이드:
Closed on early weakness look for re-entry
액티브 트레이드:
Back in Nov 391P on the lift, 20 $5 spreads
코멘트:
Added ten spreads short Monday 386 dailies
코멘트:
Rolled the monday short legs down to weds 381s, added ten spreads, now in 40 $10 bear spreads
코멘트:
Added ten more for 50 spreads, enough damage done already fgs
액티브 트레이드:
Covered the short legs for .50c a nickel gained, added ten 391 nov puts, holding 60 outright
거래청산: 스탑 닿음:
Forced out
코멘트:
Goldarn Meltup again FFS, greed is good again
코멘트:
Starts to look like this idea might pan out after all. Clipped a few pips on the AM sell Monday.
They might buy this little dip; or the real selling could start soon. Will soon see, watching it.
They might buy this little dip; or the real selling could start soon. Will soon see, watching it.
액티브 트레이드:
a double top. shorted in 26 nov qqq 398p, 15 bear spreads
코멘트:
Closed on early weakness, watch, wait
액티브 트레이드:
Well this GDMD idea turned out to be spot on after all, just we never got a secondary selloff, was more like a flat and then bully double top.
So unpredictable! NOT going full bore short here, copy this post in case you missed it:
Follow-up, still do not feel that going full bore short is a good idea... another damned parabolic can come in here anytime, NQ has not fully double topped, need to see QQQ go over $400, ES might get push to another ATH.
IF you follow Peter Eliades, very useful insights, he projected top on 5 nov and now claims this will prove to be the ultimate ATH. So far, it holds, check out his app:
www.stockmarketcycles.com/servic...
He called the bottom in 1974 and been rolling ever since. He called the top on 3 Sep a month before, and says we have now reached the Top of the Century.
We will see...
So unpredictable! NOT going full bore short here, copy this post in case you missed it:
Follow-up, still do not feel that going full bore short is a good idea... another damned parabolic can come in here anytime, NQ has not fully double topped, need to see QQQ go over $400, ES might get push to another ATH.
IF you follow Peter Eliades, very useful insights, he projected top on 5 nov and now claims this will prove to be the ultimate ATH. So far, it holds, check out his app:
www.stockmarketcycles.com/servic...
He called the bottom in 1974 and been rolling ever since. He called the top on 3 Sep a month before, and says we have now reached the Top of the Century.
We will see...
코멘트:
Oops, the public link, free charts and analysis: www.youtube.com/c/stockmarketcycles
액티브 트레이드:
Took a small bear spread in the 29 Nov 398p short Fridays' 393ps, ten spreads net debit 3.70
코멘트:
Rolled short legs AH to Monday 390p, for Even
매매 수동청산:
Added on the lift and closed on the drop. Decent day!
액티브 트레이드:
Flipped calls on the bounce. Frustrating trades to say the least, opens so damned bullish and press to ATH then Wham! I did okay but you get real tired of watching puts melt ffs... IMO some fierce selling coming soon, triple witching Friday might not be so bully?!
코멘트:
Just watching back in cash. so damned fluctuant, sold $2, bounced $1, now will they bull it back to ATH?
Or we gonna see a flashcrash?! Pure guesswork, but starts to look pretty dicey up here...
Or we gonna see a flashcrash?! Pure guesswork, but starts to look pretty dicey up here...
액티브 트레이드:
Shorting the rally:
QQQ Diagonal
+10 Nov21/Nov-29-21 395/400 Put Diagonal
-10 Nov21 $395 Puts
+10 Nov-29-21 $400 Puts
@3.80 net debit
QQQ Diagonal
+10 Nov21/Nov-29-21 395/400 Put Diagonal
-10 Nov21 $395 Puts
+10 Nov-29-21 $400 Puts
@3.80 net debit
코멘트:
Added 5 spreads @ 3.72
액티브 트레이드:
Added ten more on the lift back at HOTD, nuts!
코멘트:
Opened 5 spreads in 401p, rolled teh nov 395s to Monday 394p
매매 수동청산:
Closed all for a push. Gone from flashcrash to gdmd bullish ffs. Whipsawing at top. You know this is the top but how it hangs here is amazing, just kills shorts.
코멘트:
Probably a short entry EOD. Just gonna get whipped again IMO, short-covering soon
액티브 트레이드:
Flipped some calls at 2pm, margin call liquidations
코멘트:
Opened bear put spread in 3 Dec 401p short friday's 396p, ten spreads
코멘트:
Entered 401 strikes just OTM at 401.05; net debit 4.43;
got .81c for the short legs, lotta money with a day left
got .81c for the short legs, lotta money with a day left
액티브 트레이드:
Added 5 spreads. More EOD if it looks good IMO
액티브 트레이드:
Rolled 15 short 396p to 11/24 392 for Even
액티브 트레이드:
Added 5 spreads, rolled the 392p to 26 nov 390p for 0.01cr (even)
코멘트:
Added 5 more at HOTD revisited EOD. In 25 now.
코멘트:
Picked up ten 402p on the EOD rush
액티브 트레이드:
Added ten 402p and short the friday 397p in a $5 spread, 20, see if they expire
코멘트:
Rolled the 397s out, too close IMO, got .17c credit for the 24 Nov 394p
매매 수동청산:
Rolled up and then closed out for a wee drawdown. The short legs kept my end up. Spent Friday flipping strikes on puts and calls.
The euphoric bullishness of NQ in face of weaker RTY and DJI is characteristic of a blowoff bubble about to burst IMO
The euphoric bullishness of NQ in face of weaker RTY and DJI is characteristic of a blowoff bubble about to burst IMO
코멘트:
BTW, I cannot believe evry time I look at QQQ it says $405 OMG, how?! LOL
코멘트:
Re-visiting this post, click the progress arrow button, amazingly in spite of all the bearishness, this damned index is still really high! There is a LOT OF ROOM to downside for a real crashover IMO; BUT should consider past week may be just a grindy sideways correction leading to a move higher!
Trading this index hurts, lol. Evrytime you think it's going long, pivot reverse kills ur longs, then you say, okay well, go short! And lose both ways fgs. GLTA!
Trading this index hurts, lol. Evrytime you think it's going long, pivot reverse kills ur longs, then you say, okay well, go short! And lose both ways fgs. GLTA!
