Probly gonna sell soon eh?

Perfect stop up at the Fibo. .62 retracement of correction, a Fomonacci high.

This has been a pure technical rally in face of most worrisome bad news in years.

Meme stonks back in action and FOMO drives higher nearly every session.

Would not bet on getting a lot higher but ofc it can always creep up.

Trade active:

How bout that... opened n closed shorts all day. Took small vertical put spreads on SPY, QQQ EOD at 3:59, lol, nice bounce, see if it lasts eh?

Trade closed manually:

made bank overnight on eod shorts, added some, made more, closed, done. could bounce likely imo

Comment:

SPX holding near 4580, price tested 3x. Be real careful about shorting here, could get bullish again, FOMO play?! No position atm

Comment:

Looks like a completed impulsive EW leg down.
Opened TQQQ and a handful of SPY calls.

Comment:

Pretty confident we gonna get another bullish impulse. Evryone expects downturn, that's when it goes up.

Drawdown was ~140 pips; bullup typically doubles drawdown. Could get double top test of 4800 from here.

Absolutely NO reason why it should bull; that's when it does, lol. Short-killer rallies driven by frantic put holders closing and shorts covering makes these stupid crazy rallies.

When u close ur puts for a loss the MMs who sold them can cover their short hedges in stonks & futurz. Then it pops, OW!

Trade active:

LOL weekend trade has spx up 50 pips DJI +100, they never quit... expect a stupid pop Monday.

Trade closed manually:

All out, flipped calls for beer money. I don't trust this market an inch. Short the rallies IMO, see how far it gets.