Posted by timebandit on 14th of Oct 2020 at 11:57 am
Saw a tweet saying next week is historically one of the worst of
year for the market since the mid-1950s. It's setting up for
something. I'm inclined to call the last couple days action a bull
flag because I see some divergences in shorter-term downside moves.
Maybe we need a divergent high on the longer time frames before any
significant drop.
Action looks a little bit like early June. The StochRSI has
reached similar overbought level. On the other hand, maybe price
comes down, touches upper trendline of cyan wedge it broke up from
and takes off. That's where it is right now on this chart.
I saw that post too, waiting for another pop to get ready with
some puts and if you and Matt/Steve can give us those levels
to look out for, that would be great!
Posted by timebandit on 14th of Oct 2020 at 12:19 pm
Man, you don't want to listen to me. My timing is often
terrible. Again, this could go either way here. Some random news
event could be the trigger. Or maybe too many people on one side of
the trade or Opex max pain. Congrats on the puts.
The shorts are trying to
Posted by bigg on 13th of Oct 2020 at 03:35 pm
The shorts are trying to push down the market, but its not ready LOL
Saw a tweet saying next
Posted by timebandit on 14th of Oct 2020 at 11:57 am
Saw a tweet saying next week is historically one of the worst of year for the market since the mid-1950s. It's setting up for something. I'm inclined to call the last couple days action a bull flag because I see some divergences in shorter-term downside moves. Maybe we need a divergent high on the longer time frames before any significant drop.
Action looks a little bit like early June. The StochRSI has reached similar overbought level. On the other hand, maybe price comes down, touches upper trendline of cyan wedge it broke up from and takes off. That's where it is right now on this chart.
I saw that post too,
Posted by imelhoe on 14th of Oct 2020 at 12:14 pm
I saw that post too, waiting for another pop to get ready with some puts and if you and Matt/Steve can give us those levels to look out for, that would be great!
Man, you don't want to
Posted by timebandit on 14th of Oct 2020 at 12:19 pm
Man, you don't want to listen to me. My timing is often terrible. Again, this could go either way here. Some random news event could be the trigger. Or maybe too many people on one side of the trade or Opex max pain. Congrats on the puts.
actually sold qqqs too early
Posted by imelhoe on 14th of Oct 2020 at 12:25 pm
actually sold qqqs too early
had did well with my
Posted by imelhoe on 14th of Oct 2020 at 12:14 pm
had did well with my qqq puts today. grabbed profits and ran, looking for iwm to sell off a bit more too