Conceptual approach for my options trades. Breaking of 1.618 to the upside will generate another wild impulsive move (we like wild). If it fails, it's going to fail in a grand style - no joking around. Opinion of a market enthusiast. No hard calls because nobody knows.
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On larger timeframes (e.g. 12 h) it's easy to see how the ball bounces off the fib levels. Break, retest, proceed to the next one. Fail, try again, fail, return to the previous one. The energy boils up in the base phase and explodes into the expansion phase. It's mesmerizing.
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They say fib lines are subjective. How can support and resistance be subjective? It's either there or it's not. I agree there's no 100% precision but it's not important. The point of reference is important. If we can't project a target we're at the mercy of our emotions and that rarely goes well.
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2430 is where the long term POC is (red line on the profile). I think if there's a move down that line will not hold this time as there will be enough momentum to slice through that level. There are many examples of such nature in the recent animalistic SPX behavior.
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Back to reading Joe DiNapoli. Have a nice day America.
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Price behavior at the RELATIVE expansion levels. The dummies will never get it. Indicators will never show it.
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gonna take a hike to that Diamond Head mountain and think about the volcano eruptions and how they create new islands in the ocean, lolz
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Why are people deeply impressed with some art objects that seem to be ordinary at the first glance? Why is there high value (sometimes enormous and mind blowing value)? Why is there value at some chart levels? Is it OK to talk with question marks? I want to place a period and leave this place, but the question marks have a trapping quality.
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Then for example I want to discuss how to anticipate/predict a spike + its direction. That would spark up my interest. The world of deviations from deviations. The philosophy of adjusting the angles. "Time pushes down on us, applying more and more pressure. We are uncomfortable with this as most of us are not capable of dealing with raw time."
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"Cats perform a very unique version of mediation where they can focus on an object for extended periods of times. Everything about that object is taken into consideration, interpreted, and absorbed. Their mind and body transforms with this insight meditation." Have a nice day America.