Santa Rally Possible?

Going oversold. Price pressing to prior bottom support zone. Watch small caps, leading indicator for pivots.

May be ending uptrend but a strong bounce could occur over holidays, wiping out shorts... would not chase this!

Friday Triple Witching was a Bear Trap; don't get caught twice!! Just GTFO if you are not damned sure!!!

Watch indicators, a buy signal may emerge! Trade with care FGS, whipsawing kills!! GLTA!!

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Took a chance on qqq 380 weekly calls EOD. Shaping up...

Trade closed: target reached:

Back into the short entry box

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Nuts, just nuts. This is now 7 times up in the nosebleed seats. Price has made a rising triangle, these can break either way, there is strong divergence among indices, RTY well off ATH, NQ still well below but SPX just a sneeze away. Might get an ATH before EOY, January set up for bears.

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Melting up FGS. Insanity. They already forgot about Fed, lockdowns, evrything. Just grind the money mill. Parabolic blowoff before the Great Crash of '22 IMO

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Tryed fade the gap, fail, tried a long, too late, then whipsawed on another short, have to give up FGS!
Some days like this... can't win for losing. GLTA!

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Probably damned close to the ultimate ATH here, insane rally has pretty clear 5-wave EW and closing at/near Fibo

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Watch that unfilled gap... exhaustion IMO. Probably creep higher to EOY anyway, but could backfill at anytime.

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Running into resistance 4790, futurz faded. Time to sell OTM calls?

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Was an amazing run, might not be done yet, this sideways wobble could be prelude to a final parabolic vertical thrust.

See the posts on Gamma, big callwall at 4800, hedgers may roll these up Friday and release price to move higher; or could start rollover. Still anyone's guess!

Would caution against getting big short atm...

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Posted Gammalab below, best education posts ever. The 4800 callwall is clearly apparent, price runs like a line across graph here; if price does not reject, it may explode in upside breakout, a short-killing exhaustion move.