450s are coming, all aboard the disaster train...
The chart speaks for itself.
We will ride this pathetic rally to 378 then begin the next leg down into the 450s. You read that correctly. We will be in the 450s sometime this month. Probably towards the end. Expect panic to ensue once we get there. Market is very generous and giving bulls plenty of chances to cover those longs.
I went long at 371-372 this morning deep in the money calls for some change and to give me something to do while we ride up to 378. Might as well squeeze out some long money while the market is still allowing it. Up a couple K already. I will close this long out once target 1 is reached then all in short for the disaster train.
Look for the pullback to the 372-373.5 area after noon today where I may add some more longs then final surge to 378 to complete the long swing.
All you clowns calling this the bottom, you're in for a reality check!
We will ride this pathetic rally to 378 then begin the next leg down into the 450s. You read that correctly. We will be in the 450s sometime this month. Probably towards the end. Expect panic to ensue once we get there. Market is very generous and giving bulls plenty of chances to cover those longs.
I went long at 371-372 this morning deep in the money calls for some change and to give me something to do while we ride up to 378. Might as well squeeze out some long money while the market is still allowing it. Up a couple K already. I will close this long out once target 1 is reached then all in short for the disaster train.
Look for the pullback to the 372-373.5 area after noon today where I may add some more longs then final surge to 378 to complete the long swing.
All you clowns calling this the bottom, you're in for a reality check!
Trade closed: target reached:
Target reached sooner than expected so I closed out the calls for a handsome profit. I will post an update on my next move later today or tomorrow.
Comment:
Market is doing somewhat what I expected it to, making a run in the futures. No surprise there. I don't have a position right now I will wait to see how we open to decide the next trade. I have TSLA calls from 690 that I picked up two days ago that I forgot I even had so if this gaps up I'll sell those first thing in the morning.
Comment:
I will post the next idea first thing in the morning before market open. Need to see how futures acted overnight.