Unless I start getting ten percent of everyone’s profits. Lol. This is more of a service announcement. I do think we see a bounce for the next lower high but I think there is a nice drop coming. If I am correct it’s going to be a very nice move made this week. Potential to be a sizable move. Careful with the double bottom and bullish silliness. You will get wrecked in this market. That’s all. Good luck this week guys. Another amazing week coming up
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lol.. thanks guys. Not 1000 percent clear but I am leaning towards gap down.. a nice drop monday, potential bounce and a nice run and then a nice slam down. Lets see..... Remember last week? Something similar. Tons of money to be made just realize what the bigger direction of the market is, I hope you guys do know that. I am pretty sure 95% of you do...
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Run up to 425-427 Be on the lookout for it...
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That gap up is hysterical.. just had some alerts go off... SPY to 380s this week. I will look to close some shorts there though and potentially go long.
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Covered my RCL at 60.35 and half my SPY... I can see SPY heading for 425-427.... I would look for a turn around there tomorrow or Thurs assuming it makes it there. I am not going long on this one... I need another leg down before I feel good taking a long.
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The other scenario is a triple top which would make sense... a little uncertain what they are doing but holding tight with the remainder of the shorts. I might give back more profit than I wanted to on them, being poorly played but not everything is certain 100 percent of the time. Well see... I really do want that downside first then I could see a bounce for the next lower high target before the next leg down...
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That 395s needs to snap so we can welcome in the 380s....
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I just sat down for about 10 minutes to look things over... I think next week is going to be a good one :) That levee is looking pretty weak.... lets see if it can hold up until next week. If so, honestly, I am truly impressed. The market is behaving much more rational than many may realize.