NQ Update

Day trader's wet dream this afternoon, intraday cascading waterfall.

All indices touching oversold on my 3 hr chart, I think it's gotta go a little further then bounce.

Note: Pretty much every bubble is bursting, "support" means absolutely nothing. Popular Cramer crap stocks like ROKU, COUP. Garbage stocks I hate like PD, PDD, SFIX. Meme stocks like AMC, BB

I think this has more to do with Powell sounding Hawkish than with Omnicrom Prime or whatever they're calling the new variant. People are forgetting that this is the same Powell that tanked the market with rate increases before COVID....

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Everything I see says gap down and reversal tomorrow. Now that the algos did their pump and dump, it makes more sense for them to dump on low volume so they can buy back in on high volume and then do another pump and dump.

At least that's my take on it. Just remember the algos never lose money, the rest of us are just riding along on this scam market. If Powell has to raise rates, the entire market could easily be cut in half or more like the Dot Com bust. The fundamentals don't support anything at this level.

Powell is gonna be under pressure from all of the Democrats to raise rates because inflation will doom the party in mid term elections next year. Then again, rising rates will cause Fed debt concerns, lol

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You guys know I keep saying AAPL is the market... looks like demand for iPhones is down:
www.theverge.com/202...chip-shortage-report

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Well, not much of a gap down and RSI is oversold so I closed out teh rest of my puts from yesterday. Probably taking the rest of the day off, all cash.

Indicators say up tomorrow FWTW

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I always tell myself I should buy calls when I flip my puts, lol. Figured they'd take futures down premarket so they can buy back in for the next pump and dump. Thought it would be further in the red though.

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I was right yesterday, gap down and reversal....

If I knew it was gonna go straight up, I would have bought calls, lol. Old support is new resistance so probably slows down here though

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NDX struggling against last Friday's support, SPX struggling to get past Tuesday's support. Might turn out to be a whipsaw day