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Looks like an after hours crypto selloff will lead to broader selling en masse into tomorrows open.
Still holding for that major gap down.
Still holding for that major gap down.
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still holding the 10/1 puts, that is.
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may want to take a stab at shorting a small cap of choice this morning session. I like the chances of PTON, AMD, AMC, GME and COF trading lower by end of day. These are just to name a few, but any momentum small cap is a very nice risk/reward here.
Only reason I mention is cause Im looking at a tremendous gap on the daily/weekly chart that most people would not consider a possibility. But with this much leverage, its definitely possible.
Lets see.
Only reason I mention is cause Im looking at a tremendous gap on the daily/weekly chart that most people would not consider a possibility. But with this much leverage, its definitely possible.
Lets see.
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Here's an updated wave count for those trying to decipher this mess technically.
Its still somewhat vague, but I think this "fifth terminal failure" based count to end the minor ABC wave to finish the wave I. of the presumed 9-wave symmetrical triangle (impulsive bias?) that could be considered primary or cycle degree X or B or D, depending on some technical details beyond the scope of this idea.
This, in turn, and if proven out with violent move starting tomorrow or tuesday, would signal an end to this pseudo-bull market and continuation of a bearish slide well below 4200 in the near-term.
Just my best guess tho - this market is very tough to nail down.
Its still somewhat vague, but I think this "fifth terminal failure" based count to end the minor ABC wave to finish the wave I. of the presumed 9-wave symmetrical triangle (impulsive bias?) that could be considered primary or cycle degree X or B or D, depending on some technical details beyond the scope of this idea.
This, in turn, and if proven out with violent move starting tomorrow or tuesday, would signal an end to this pseudo-bull market and continuation of a bearish slide well below 4200 in the near-term.
Just my best guess tho - this market is very tough to nail down.
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Heres a pretty powerful confirmation that strongly supports the count above:
