Fib Levels

Not even gonna guess how high will it fly. Got higher than we expected already. Smoked bears, gone into hibernation.

Here are the fib levels for your consideration. Notice price approaches the top Bolly Band.

Not a lot of room left to squeeze but it could pump higher.
Not overbought yet. Short when it gets there. Bewary.

Trade active:

At the .786 fibo scaling in bear shares SPXS SQQQ

Trade active:

Adding shorts in TZA SDOW SPXS SQQQ the TL broke!

Comment:

Looks like a shooting star and a lower top. Let's see. Hedged shorts sold calls on the etfs.

Trade active:

Yeah shorted that nutty pump Fri am and now it's so weak... can't squeeze a dime out of longs.
Data in am was real soft, more data next week.
Into SPXS for $9 bucks. Back half of May into June seasonal weakness. Let's see.

Trade closed manually:

Yeah closed bear shares for a push. Market is long bias. ANY tiney improvement in PCE, CPI will boost it to ATH.

Seems to be seeking prior ATH, 449 on QQQ, 525 on SPY. Can get there overnight before the open Tues or Weds. Better to sit out and wait to see what we get, eh?

Comment:

higher and higher it goes, where it stops, nobody knows

Comment:

Yeah ATH. So overbought but can get more bought. 451, 529... more? Probly.

Trade active:

Took a few spy 530p it moved so fast u cant open a trade window fast enough, closed em green then it ripped like Hell out of the pocket, moved so fast u couldnt even get into a call. Jeeez. You can just get killed, be carefull fgs!

Trade active:

Shorted DJIA at 40K in 300 SDOW, got some SQQQ as well. Dump soon, probly next week.

Trade active:

Loading shorts SPXS SQQQ SDOW TZA gonna get some PB soon... June swoon?

Order cancelled:

Closed all for trivial gains. "feels like it wants higher" ... consolidating.
Might bull Monday, idk but the stonks will still be there.

Trade active:

And there it is. Looks toppy. Re-opened SPXS SQQQ SDOW. Getting SDOW over 40K likely to be a win imo. GLTA