DaddySawbucks

Rally Top

Short
DaddySawbucks Pro Updated   
TVC:SPX   S&P 500 Index
Massive blowoff move likely signals at or near another top. We have a three drives completing here near TL and just over the 200 DMA.

The usual bottoming behavior is to form an inverted H&S . Look for it. Would not load up on longs here near exhausted RSI IMO. GLTA
Comment:
Probable Top near conjunction of speed lines, watch this, we at critical junction:
https://www.youtube.com/watch?v=_0J7KO2U...

Peter doe NOT say we gonna break here, just it is a critical pivot point; IF price can break higher THEN it MAY move back towards ATH; failure here validates lower price projections. A very risky place to go long!
Comment:
Looks like we got a spinning top, see if it forms a pinbar.
Big red candle Friday will nail the lid on this coffin.
Comment:
Here it comes. Jobs report > Big Red Gap; gonna get engulfing and a pinbar.
Comment:
Fun day! AMazing gapfill took ALL DAY. Flipped calls early on, then tanked & banked. Caught the EOD surge in SPX 0DTE calls, +300% $3 > $9 in the 4065c. Nuts!

Took my ill-gotten gains to the bank and loaded 10 QQQ/SPY puts eod for a Monday AM flush. GLTA!
Trade active:
Picked up SPXS, just 200 to start EOD on the gapfill.
At that shining moment when SPX went Green by 0.50c, lol.
Comment:
Hanging Man doji rather than bear engulfing, soon to follow imo.
Trade active:
Second day of holiday sale! BUT candle today is ~ half of MOnday. DJI went -500, now -250. SPX went -85, now -45. Bear momentum nearing exhaustion.
Might get a bounce Weds.
The productivity index report at 0830 may favor stonks. May not. PPI Fri 9 Dec; CPI Tues 13D, FOMC Weds 14D.
Trade active:
Well the bears are back. Going oversold EOD. Probably gonna pivot soon to a lower high.
Comment:
Better bounce EOD than Monday. Bear's grip weakens.
Hope u closed ur shorts.