Pumped to .786 nonstop. Last massive pump in Jan looked a lot like this and lasted a week. Overbought on evry timeframe, lol. Pullback to some Fibo seems likely IMO. Bear breakout, bulls are back in town. Get ready to buy the next dip for an April run to ATH.
Most impressive rally young Jedi, Bearbegone has taught you well! But now you will learn the true power of the Short Side, my young friend! LOL get long if you dare! Lord Wyckoff has not yet spoken his last line in this play.
Nice gap up candlestick and rising volume... is this an initiation gap up or a short term short squeeze/ bear rally? Awaiting to see how it behaves in the next sessions around the gap, in case it half closes it and then moves upwards i am going to start my initial position and build gradually from there.
The S&P 500 is in a long-term bearish trend with it currently being in a bear rally. There is a possibility to break the trend if Trump is re-elected. If Biden wins, then we continue the bearish trend.
Ticker: SPY Position: ~ May 15th expiry ~ $275 Strike Put (looking to book an order for $10-$11.00, since the futures are looking to be up) ~ Delta = 0.50 ~ Run 1x contract Exit/ Profit targets: ~ Close above the swing high $287.50 = exit the trade ~ Initial target = $261.23 (38.2% fib) ~ Secondary target = $253.04 (50% fib) Rationale: ~ Bearish MACD...
Lotta ppl thinking this is gonna repeat Jan 2019. That was a Bull Corrrection. This is a Bear. Bears grind for a Long Time. Median expected ~7-9 months. CV19 will take ~3-4 months to burn thru US population. April will be the Cruelest Month IMO, tens or even hundreds of thousands of cases. A Fool's Rally to the 0.50 Fibo around 24K will likely provoke a second...
$SPY $SPX $ES_F obvious inverse on the 15 min chart, short term bounce into longer term downtrend.
Ticker: SPY Position: ~ April 17th expiry ~ $255 Strike Puts ~ Cost 12.32/ Contract ~ Delta = 0.41 ~ Break even at expiry = $242.68 ~ Run 1x contract ~ Total cost = $1,232 (there may be variance in price) Profit/ Exit: ~ Initial target is a gap fill around $230, at this point i will roll the position to remove some of the risk and retain exposure to a...
Quick SPX update: ~ Expecting a brief relief rally (haven't we all) ~ Target is in between the 38.2% and the 50% Fib retracement (2,650 - 2,800) ~ Looking for a potential move to the 21 daily ema, at which point i will be looking to go bearish again ~ The move will likely be on the back of the "positive" stimulus news, but i am very skeptical of how the markets...
As an intro I'd like to remind everyone that we are in a bear market. I see many people claiming we are in a bull market, but it's not true. We are trading below the 200 Daily moving average and the 50 DMA is below the 200 DMA, so technically we are officially still in a bear market. Also, we have not made any higher high. I'd like to give you 3 reasons why...
Merry Christmas Traders! We find SPY near the termination of a minor fifth subwave v of Intermediate wave (3), which in turn is part of a larger primary wave One. Primary Wave One should terminate near SPY ETF price 219 on/about 31 Dec 18, after a 28-day decline from 3 Dec wave origin. Chart describes constituent components of Primary Wave One, including a...
Entry on the rally, expecting a bearish trend continuation on the long term. 1/2 position entry, will add on once it breaks 20 SMA on hourly.
Going with JPY relative strength. Currently trading under 20 and 50 SMA on 15min/1hr/daily charts. Entry below resistance on 15min chart and stop loss at 50 SMA on 15min chart.
Another entry to short GBPJPY. Last position was closed out at break even on the pullback - I'm expecting a continuation of the bearish trend after support of 15min is broken around 137.3.
Going with the trend. 15min/1hr trading below MA's, USD showing weakness. Stop is above support on hourly.
Another entry because I was too greedy on the last trade. good opportunity to hop on a long term bearish trend showing on daily and hourly chart. Currently trading under 20/50SMA and hanging around support on daily chart. Will not enter 2nd position until support on daily has been broken.
Entry on bear rally @ 15min chart which is seeming to show reversal on 1 hr chart. Half position entry, 1:2 r/r. 2nd entry after 1 x ATR.