MACD & RSI divergence?

The coil that eventually broke down formed after a symmetry break, right?  It first  formed a  higher low (first touch on the coil), as predicted by the symmetry break....but the 3rd time down it didn't hold.  Would that infer that this last symmetry break might also predict a high probability of a higher low forming...which may also end up failing eventually...or not? 

PYPL - not sure what PPS has to do with anything - it's a useless metric when it comes to valuation -  but interested in what your bearish thesis is.  Valuation starting to interest me. My rough rule of thumb for determining reasonable valuation is a cap of 2x growth = PE cap. If you take the 5 year growth in order to normalize the earnings (due to covid weirdness), it looks tempting. 

KISS charts helped me with analysis. Glad I took the short QQQ yesterday and lightened up on related positioning. 

"Are we entering a stage where P/E matters?"  -It sure seems that way....but technicals won't be less important. 
WMT with a 50 PE vs TGT with a 17 seems crazy but I dug into it a bit more just now (with a better platform for fundamentals) and found that "normalized PE" for WMT vs TGT is  WMT/18 and TGT/23...which would suggest that TGT may actually be more expensive than WMT.  I don't know the details past that.Maybe WMT took a big write down last year that decreased their earning on a one time basis.

WMT coiling on a bunch of different time frames (long and short term). Looks like it's going to pick a direction soon. I personally think it will resolve lower because it's so expensive relative to TGT, but never know with coils. 

QQQ KISS systems seem to be indicating at least a short term sell area (60 & 120 minute TFs) with demark 9 on the 60 minute and up against the ATR on the 120 & 195.  MA ribbon on the daily pinched but still stacked bullishly...barely...looks like it wants to flip?  I'm not great at reading the KISS system yet so statements are meant more as potential questions. I was looking to add to QQQ positions but now I'm wondering if a short with a stop above today's high isn't a better play. 

Thanks Matt! This is VERY helpful. 

TGT Symmetry analysis?
Hey Matt, great video on symmetry! I was going through my  watchlist tonight with this added tool for consideration and came across TGT.  I'm wondering how you would deal with TGT symmetry analysis on the Daily chart from the recent high through what appears to be a double top. Not looking for anything fancy - just initial thoughts  from a symmetry perspective. The V bottom starting in early October and then the last ditch effort to hit the old high in early November (slightly exceeded it) have me a bit confused about how to draw the lines. I know it's not an exact science...just wondering what you think.

Sorry, missed this post. No, I typically go long by shorting puts (sell puts to open). In this case, the volatility was in the mid 30's overall and much higher for COIN, so I was able to go way down the chain to get my target profit with lower risk.  I like to sell 15 to 20 delta puts with 45 days to expiration. When vol explodes the 15 to 20 delta range is usually a lot further out of the money. 

MRNA high price? I'm not seeing that, but clearly I'm missing something.
I see an 18 PE with a 57% 3 year average growth rate (top line) and a 1 year growth rate that is obscene (4,695%).
What am I missing? With a PE at such a discount to the overall market, it seems the market is throwing cold water on the idea that the MRNA approach is actually effective. Is that possible? If that's not what the market is signalling, what is it? We're all guessing so don't worry, I'm not trying to be political, just trying to make some money.
Disclosure: I'm short puts in MRNA. They are in the money now, so I'm effectively long.

Anyone else notice these volume patterns? They seem to mostly lead a  price decline vs being during the price decline. FWIW, it doesn't work great on all timeframes, but it seems compelling here. Thoughts? 

S&P volume increasing,, not decreasing...at least that's what I'm seeing. Was just about to post about it and see if anyone had comments.

COIN - sold 150 strike puts for $180 (JAN Expiry)
TSLA - sold 400 strike puts for $150 (JANExpiry)

Nutty Market!

JAN VXX, 95 strike calls selling for $170 right now with tight spreads! Crazy. 

HOOD could be in even more trouble since I'm sure helicopter parents are furiously preparing lawsuits and calling their Gov representatives in order to defend their 30 year old sons living in their basements that were taken advantage of by the gamification of trading. That's largely how we ended up with regulations like the 25K day trading rule and all the silly self disclosures in the aftermath of the dot com crash. 

Market seems to be nearing a point where it will earn a name (at least parts of the market that are down 50% or more).  I'm hoping for "The Trash Crash of 2021."   It has a nice ring to it...in my opinion. 

I'm a little confused why, if you were going to go so far out in time anyway, you didn't go with LEAPS for the potential tax advantages. Maybe you're trading in a retirement account?

If I scale in before a trigger I usually do it by selling 15 - 20 delta puts...which I've done in both these names...and have still been getting my butt handed to me. The nice thing about your approach is defined risk, but the market makers are pretty smart and price the vol into the reversal scenario....so you may find that you're not making what you expect on the way up (FWIW, strangely I'm also short the calls you're long in order to partially hedge my naked short puts...but I'm short the JAN expiry. Be careful out there - these names still have very high multiples and high multiple names have been in the crosshairs lately.  
*I'm strongly considering adjusting my trading plan to only go with spreads on high multiple names from now on. So, instead of being naked on both sides as I just described, I am leaning more towards selling iron condors (adding a long wing under and over each short option...ofen wider on the side I think is less likely to get hit based mostly but not 100% on technical analysis). 

Don't jinx it. I'm hoping to sell into an up open  
I always prefer Monday opening down after a Friday beatdown...ideally with an intraday reversal followed by a turn around Tuesday!