Top of Bolly Band; Gap to Fill then Throwover

Chart has it all. Notice every prior local top is a point, no plateaus, after squeezing the upper Bolly band, they rollover.

August gap is a magnet. Once filled, much higher seems improbable. Fewer issues advance the price, moves up on lower volume, weaker RSI.

Lot of participants been waiting to sell at this price. The dump after this rally dies could be hellacious... June Swoon.

Comment:

Got real close within 5 pips. Hopes dashed... ?!

Comment:

Might get another bullish effort Monday. holding no pos over wknd.

Trade active:

Weakest index is RUT, opening inverse ETF TZA 200 shares, a covered call write, short the 26May $34 calls net debit $31.90 x200.

Small side wager of five SPY 26May 319p bear spread short Monday's 316p net debit $2.10 x500.

Comment:

Added 100 SDOW at $26. DJI has been most volatile index, seems to swing up/down 200-400 pips daily.

Comment:

got 4207 twice on Monday 5/22. looks like the top. if it cant break above it will rollover.

Comment:

First wave down. Bounce from oversold Weds; sell again Thursday.

Massive rally from oversold on debt deal imo.

Trade active:

Couple bearish down days looks like it found support; any positive developments in budget will moon it.

All shorts closed. Gaps to fill above, two now. Oversold.

Comment:

ZOMGG.... just look at NVDA AH. OMGGG...! Nuts. I didn't take a $10 call cuz I never figured it would get much over 320. $378 AH. +24%
QQQ +$4 in sympathy. SPY +2$... I posted warnings, esp to not short chips. In my trading club guys shorting NVDA laughing at me, hahaha Sawbucks, my poots up 50% already, what do you know?! toldyaso.
Do not stay too long at the put party. U will be the bag man EOD.

Trade closed: target reached:

Filled in the chart. Closed on time and it's headed back up. Do not short until the bulls have their fun.