LOL that's always the million dollar question. Since the short
term MA's have such a strong slope I like to be aggressive in
taking profits on a good dump day. That said it's early, will price
bounce back from here, or could this turn into one of those -90
point down SPX days, not sure yet, have to play it by ear
and of course once symmetry is broken - then that's more
evidence at some sort of top. Remember we've been in this 5th wave
move for the last week, wasn't much blood left in the turnip
SPX symmetry 112 points, SPX needs to go below 4935 to break
symmetry
QQQ symmetry 17.6 points is symmetry - QQQ needs to go below
421.5 to break symmetry
for now both SPX and QQQ's bounced off their channel lines
US CPI (MoM) (Jan) +0.3%
Posted by steve on 13th of Feb 2024 at 08:31 am
US CPI (MoM) (Jan) +0.3% vs +0.2% Est.
USA CPI (YoY) For January 3.1% Vs 2.9% Est.; 3.4% Prior
USA Core CPI (MoM) For January 0.4% Vs 0.3% Est.; 0.3% Prior
USA Core CPI (YoY) For January 3.9% Vs 3.7% Est.; 3.9% Prior
CPI came in HOT HOT
Posted by icecoldjones on 13th of Feb 2024 at 08:36 am
CPI came in HOT HOT HOT on all fronts!
Good thing I was scaling
Posted by matt on 13th of Feb 2024 at 08:40 am
Good thing I was scaling into SPXU some Friday and more yesterday and SQQQ, didn't have as much as I wanted of course
yep I bought SPXU wish
Posted by srusso1 on 13th of Feb 2024 at 09:07 am
yep I bought SPXU wish I bought SQQQ to but was on the fence thinking to much.
I had SPXU, and puts
Posted by EdZ on 13th of Feb 2024 at 09:22 am
I had SPXU, and puts on QQQ and SPY along with a few stocks. Wish I had focused on TZA. IWM down 3.5%. Natural Gas just took another tumble.
now how long to hold
Posted by srusso1 on 13th of Feb 2024 at 09:10 am
now how long to hold SPXU
LOL that's always the million
Posted by matt on 13th of Feb 2024 at 09:39 am
LOL that's always the million dollar question. Since the short term MA's have such a strong slope I like to be aggressive in taking profits on a good dump day. That said it's early, will price bounce back from here, or could this turn into one of those -90 point down SPX days, not sure yet, have to play it by ear
and of course once symmetry is broken - then that's more evidence at some sort of top. Remember we've been in this 5th wave move for the last week, wasn't much blood left in the turnip
SPX symmetry 112 points, SPX needs to go below 4935 to break symmetry
QQQ symmetry 17.6 points is symmetry - QQQ needs to go below 421.5 to break symmetry
for now both SPX and QQQ's bounced off their channel lines
Thanks good food for thought
Posted by srusso1 on 13th of Feb 2024 at 09:44 am
Thanks good food for thought I'm holding on to just a little bit to see how this plays out.