Bull trap central today.
And it was just the start.
I wont lie, i seen the move to 18 and it still shook me out of my puts.
i expect tomorrow to start off slow and end aggressive.
11$ is near. and thats not even the beginning of it.
I have a feeling we are going to revisit the buy button bottom.
I hate being bearish on this stock, but the worst is yet to come, today seemed positive but if you look we really didn't do anything.
Volume wasn't there. it was purely a trap.
Look at my post from sunday. i gave two options of how this week would play out, and even said that the yellow one was more likely.
Ill be the first to say i didn't see the run to 18 until thursday or friday... acceleration at its finest..
Watch how fast we move down now...
If we gap down tomorrow, it will be a slow climb back up... to trade sideways... then free fall thursday and friday..
But theres a good chance we open and just drop.
Hoping im wrong... and im completely okay with these yolo puts getting burned.
I fully expect to sell my 10$ strike puts on monday. to reenter at the new resistance old support of the falling wedge, yes im calling for break down.
i see a bottom around 5$ ... and then we go LOOONG
Good luck.
And it was just the start.
I wont lie, i seen the move to 18 and it still shook me out of my puts.
i expect tomorrow to start off slow and end aggressive.
11$ is near. and thats not even the beginning of it.
I have a feeling we are going to revisit the buy button bottom.
I hate being bearish on this stock, but the worst is yet to come, today seemed positive but if you look we really didn't do anything.
Volume wasn't there. it was purely a trap.
Look at my post from sunday. i gave two options of how this week would play out, and even said that the yellow one was more likely.
Ill be the first to say i didn't see the run to 18 until thursday or friday... acceleration at its finest..
Watch how fast we move down now...
If we gap down tomorrow, it will be a slow climb back up... to trade sideways... then free fall thursday and friday..
But theres a good chance we open and just drop.
Hoping im wrong... and im completely okay with these yolo puts getting burned.
I fully expect to sell my 10$ strike puts on monday. to reenter at the new resistance old support of the falling wedge, yes im calling for break down.
i see a bottom around 5$ ... and then we go LOOONG
Good luck.