Measured Move? Pennant on Flagpole

Last week of price action generated a pennant. Typically these fly at half-staff on a flagpole. Not sayin it will; but it sure could.

The measured move remains below the pennant. 300 pips to half-staff; 300 more would go to 3530 if it goes. Be carefull! GLTA

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BTW today Cramer suggested we should "Buy Da DIP"... SELL!

Trade active:

PA weakens. Flipped 381p on the AM sell. Could really go off Thursday. Might find support at 3800. Crapshoot.

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How bout that. Starts lookin like 2008>2009.

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Watch close now. This does have feel of a fifth and could be a finishing move. Usually the end of bear wave arrives with a dragonfly doji... the Hammer.

If it tanks off another 40 pips Thursday watch for pivot reversal. Take it real easy here folks.

Trade closed: stop reached:

Yeah probly not gonna tank just yet. Warned you take it easy! ALways full of surprises.

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An amazing finish EOY, wow. 0DTE calls went from .60 > 3.60, +600%. I picked up some .39c calls and sold for 80c being very happy +100%, then watched in amazement as they delivered another 100%! Stunning finish. Shorts got caught in a bear trap and scrambled to cover EOD.

This Hammer doji what I been looking for to drive a Nail into the bear coffin. Looks like we got an inverted right shoulder; could get a strong move up in January to test the TL. HNY!!!