Primary Selling Wave 1 May Be Completed; Big Bounce?

Pretty strong down moves in a wild ride likely a setup for BTFD, CPI numbers Thursday AM the catalyst for retracement move.

Probly don't wanna be short right now. Could tank again if more geopolitical news smacks it down but absent adversity, expect a lift.

Any lift will be a countertrend move in a primary downtrend.
Likely target is the 0.62 Fibo retracement near 4545.

Made inverted H&S intraday Tuesday. Probably good to get into cash if you don't wanna be long.

Getting oversold. Can get more so but bears near exhaustion.
Be careful!

Trade active:

BTO 200 TQQQ covered write short 8/11 $42 calls

Comment:

NB: We do not know if this is 'primary selling wave 1' until we see the bounce... risky business. Light longs!

Comment:

Back at the opening gap and looking real sketchy. Crowning pattern.

Comment:

Astonishing is it not? How after all the shaking and jiving price is again where it was yesterday, the day before and a week ago.

This is not an investor's market. It's pure speculation.

Expect lower again soon. Every day a dice roll.

Trade closed: target reached:

out longs

Trade active:

Out shorts. Looks like firming up for a reversal, again.

Trade active:

Got higher but there's notable divergence of indexes, DJI and RUT weaker all day. All the lift was a short squeeze, mostly on NQ big names. Ominous.

Trade active:

Yeah, another big gap & go down day. So unpredictile. Could get some sharp panic selling before the move ends.

Trouble with these moves is you has to anticipate it the night before... but who knew?!

Gotta be a good guesser in this market.

Trade active:

Puts printed, wow. All out. Oversold, can ofc get more so.