Mid-day update.
Take a look at the main (top chart).
We are now (so-far) swinging on the flat-white bottom (436) by mid-day.
Points of interest:
we are trending along the first green dotted line up from the crash (bottom left chart) from our original thesis.
Early conclusion
assuming we will continue on to 44x sometime in the future (once we break 441)
in the short term assuming a continued swing down every time we do not break 441
all of the levels from the past week have been consistent in identifying points of support and resistance, which helps with day-trading.
IMPORTANT: today could have been the equivalent of February 9th, breaking the white-resistance line before coming down again.
IMPORTANT: sentiment: the economy's market makers will not let our March high stop at 440.
Position:
collecting calls as a long position with every low we hit.
day-trading puts every time the spy does not break 441.
Long term: Feb 19th thesis still holds.
Thank you for reading! The next thesis will clear ALL trend-lines and provide a fresh, un-biased March-19th hypothesis.
Take a look at the main (top chart).
- did not break 441
- swing traded down to 43x.
- broke 439 support line
- broke 438 support line
- broke 437 support line
- broke white 436 support line.
We are now (so-far) swinging on the flat-white bottom (436) by mid-day.
Points of interest:
we are trending along the first green dotted line up from the crash (bottom left chart) from our original thesis.
Early conclusion
assuming we will continue on to 44x sometime in the future (once we break 441)
in the short term assuming a continued swing down every time we do not break 441
all of the levels from the past week have been consistent in identifying points of support and resistance, which helps with day-trading.
IMPORTANT: today could have been the equivalent of February 9th, breaking the white-resistance line before coming down again.
IMPORTANT: sentiment: the economy's market makers will not let our March high stop at 440.
Position:
collecting calls as a long position with every low we hit.
day-trading puts every time the spy does not break 441.
Long term: Feb 19th thesis still holds.
Thank you for reading! The next thesis will clear ALL trend-lines and provide a fresh, un-biased March-19th hypothesis.
