SPX Ending 3W Brief Correction to Blow-off ATH

RSI not mad overbought yet, IMO gonna see it get stupid like Feb 2020. After that, then the big break.

5-10% correction incoming, likely a zigzag, all the previous were zigzag corrections. Tis the season!

Trade active:

Shorting calls Nov 365/380 VCS

Trade closed manually:

Closed all out; might get a bounce IMO

Comment:

Yeah vertical spike FFS! Watch for BTFD Thursday.

Thursday is often weak following buying M-W; this week Tue/Weds weak, so Thursday could really bull.

Comment:

There was more selling but again rallied from it, this does not feel like an impulsive sell wave.
Shaping up like a 4th and shallow at that, bulls probly come back soon IMO

Comment:

So we get a Hangin Man doji, this can break either way, extreme caution advised here! IF the bears supply more stock than bulls can buy, it will go down hard.

IF the bulls get greedy and stupid it will run to ATH, AGAIN! Pure crapshoot here IMO. Sitting in cash.

NB: VIX never got over $19.65, it settles back EOD; there is no fear in the market yet!

But Divergence in small caps suggests an Unwind incoming....

Comment:

Look how they bounced futurz on ECB! That's why we stay in cash at night! Hope u stay safe!

Not trading, traveling, updatez to follow...

Comment:

Starts to feel pretty Bearish IMO... short the rallies

Comment:

Lower highs...

Trade active:

Shorted intraday and closed most eod Friday 9/10. Holding a few bear spreads and bear shares in case it gaps down to open Monday. Ought to have some kind of bounce but closing at LOTD is bearish.

VIX broke up over 20 (banked it!) and index breaking under 20DMA, resting at rising TL, a gap to fill remains below.

Comment:

Closed the gap at 4440 see if she blows up here... all closed out all in cash, would not short here!

Trade active:

Been trading calls and selling puts all morning. making beer money but at least not losing lol. Very choppy still but feels like it may finally turn IMO

Comment:

Going long

Trade active:

Closed the longs looks like a bear flag IMO

Comment:

Very choppy, uncertainty but no panic yet. Made bank from bottom-fishing with SPY QQQ IWM calls. Always chancy, not recommended for faint of heart.

Could sell again, hold nothing overnight. Wait, see.
Will find support soon IMO

Trade active:

Started to look bully so took a chance and bought calls, closed on top of the wave, might bull more or pullback from this flag, very dicey still

Comment:

Buying diagonal call spreads in QQQ, SPY starts to look like a pivot reversal > higher prices, either a reaction wave or start a new bull rally, can't tell which just buying it

Comment:

Closed part of position as it might suffer EOD pullback; keeping 5 SPY bull spreads. See if it gaps up!

Trade closed manually:

See recent related posts. looks like a measured move coming. Holding a handful of cheap calls in case I'm wrong, big bear position atm.