I am still leaning to the bearish side on the market overall - MacD is below the centerline and the 35 EMA MIGHT start acting as a resistance level… (or 50MA if that’s what you use)
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you.
Red = Resistance Green = Support Blue = trendlines
@DFUZZY1, Personally - yes. Every indicator I have has this going lower... but I know that anything can happen... right now it's above the 50MA and below the 35EMA which is a very strange thing... Yeah, I'm still bearish right now...
DFUZZY1
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@LadyAmalthea12, awesome thanks for the reply I have 60 puts at 365 strike price expire October 15th… I’ve been buying them since one dollar just to try and recover my losses lol… thanks again
SPYder_QQQueen_Trading
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@DFUZZY1, Well it's a good thing you were adding some cheap contracts!!! That's the way to do it!! Best of luck ☺️ I'm rooting for you!!
DFUZZY1
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@LadyAmalthea12, awesome thank you… best of luck for you also