Friday game plan - looking

    Posted by fredsaid on 27th of May 2022 at 12:51 am

    Friday game plan - looking for consolidation after big move up Thursday.  Expect Crypto to move up as market moves down but Crypto is range bound other than Etherium which needs to get back into pattern.  Also the VIX must behave for the Bull case which seems a little bit too obvious - see CNBC talking heads patting themselves on the back for ST bottom call.  If Cryto and Vix behave and we don't see Tom Lee tomorrow then the bull case should hold and we should see a flat to down close with Crypto starting to look better, oil and energy leading down and the VIX sitting at bay.  Crypto should then have a big rally this wknd out of the patterns followed by a jump on TQQQ, KWEB and the growth high fliers for a quick trip to 4230.   If Ukraine ends or China ends lockdowns (I'm expecting this one as soon as this wknd) that supports the ST bull case but after Powell does his measly 50 basis points in June... the 4th of July bear fireworks will be spectacular !

    If however Crypto and the VIX do not behave, i.e. BTC breaks down out of consoidation, VIX spikes up and stays up and we see Tom Lee... Then the post memorial day fireworks will be spicy !

    Happy to share that I went long EOD Wed, exited EOD Thursday and well, you know what I'm thinking about for Friday... bear traps are sneaky but I hope I'm safe with Shorts end of July and Longs 2 weeks out - echoing Steve's mid term views.  Bottom line - stay on your toes and take profits early !!!

    To many" if's" here for

    Posted by kobie on 27th of May 2022 at 06:50 am

    To many" if's" here for my liking.....

    Futures up nicely,let’s see how

    Posted by lamb on 27th of May 2022 at 07:21 am

    Futures up nicely,let’s see how they look by 9:30? 


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