On low volume lift, an exhaustion gap IMO. Money flow weakens, volume lessens, price moved higher on weak internals. Lower soon IMO. GLTA!
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The small technical pullback on 25 Nov before holiday is likely a fakeout and not the beginning of a bear run. Friday's action on slowest day of year will not likely offer clear direction. Mon/Tues will possibly bull again, watch the internals and indicators if it does.
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SHORTING BOUNCE MONDAY AM
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Added to shorts in SPY / QQQ / IWM; added SDOW
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Hold shorts; wiggly bear flag inches higher, secondary break soon IMO
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Bear flagged for 4 hours looks like breaking, watch the close!
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Good chance this Hanging Man follows with a gap and go down IMO
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ROFLMAO @ Exhaustion Gap!
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Played the fade; in cash waiting on ?another bull move? All risk atm IMO
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Closed inverse ETFs on gap down; look to short when it fills gap intraday...
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Shorted the gapfill in SPY IWM QQQ DIA 11 Dec ATM puts
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Added inverse ETFs SQQQ SPXS SDOW TZA
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Stopped out of the bear spreads; holding the ETfs
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Volume on Weds lift even less... weakened stim pkg gave a weak boost... second wave worse than the first now... gonna get another lockdown IMO; shorting the ATH in SPY, QQQ; shorting DIA with DJI at 30K again. Shorting IWM near 184. Double topping here IMO; see if we get pushback soon. In Dec bear spreads, added SQQQ, SDOW.
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Yeah here we goooo....
Trade closed: stop reached:
Forced out of bear spreads, Fri PM short-covering rally will wipe out putholders IMO; holding inverse ETFs, added UVXY; market will break soon IMO, but who knows how long it can creep higher; good chance for another stupid MOMO rally Monday, not holding puts over weekend; GLTA!
See my Nenstar idea; expect pullback to half the height of the last leg up ~342.
There is a small gap unfilled at 338, might be a magnet.