My spot to short this garbage is both 01s/ 02s on QQQ and SPY. Might see a little upside overnight and a drop tomorrow morning. These dumb F**#*#*#s. It's what I mean by history repeats itself or I should say, the market does not give a crap about the news. We all know the market is going down and we all know these clowns in office for the last many years screwed up big time and its time to sink this ship.
I would be patient... if your long, stops in place and maybe a little upside in the morning and then I expect a drop.....
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Since Dan asked... heres a partial box, the top half. lol
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So looking for ten minutes and I think more up coming tomorrow and then drop to close the week... drop early next week and then we may see ourselves a little bounce coming up for June. Not to worry, market did not bottom and still has plenty of downside to go before the market truly bottomed. No new highs, none of that garbage for a long time I suspect.
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4026-4033 on SPX500USD is going to be the area to watch in the morning..... keep an eye on that and look for what should be the fail point.
some may want to shout H&S bottom but it looks ugly to me. I am in a 390 put for 5/27 and a 410 put for 6/6. Lets tank this thing to 378 so I can get some payday plz. This bottom is too ugly for me to go long.
abigreen
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I went short EOD, stayed by my plan even though my stomach was twisting, lol
Original_Stock_Whisperer
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@abigreen, I think we might see some green tomorrow before coming down to end the week. I think down early next week and then we might have a little bounce coming. Well see...
@abigreen haha i was tempted but it seems like we will have a bit more upside maybe to 400 and rejection (based on calculations). But I did take a UVXY position at 15.10 per share because I anticipate big volatility up and down movement at open tomorrow with earnings and the big bull run. Fingers crossed!
One-World
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@Steversteves, my ideal place is 14.7 or whenever VIX gets to 27.5, But $14 - $15 can make some profit since it always jumps to $17+ every week :D
Steversteves
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@piscitear, Diddo! My ideal entry point was below 15 it just wasn't happening today, so I limit bought and got filled at 15.10. Its not a buy and hold situation, I just want to monopolize on the FUD that I anticipate to happen tomorrow morning at open with huge spikes in all directions. Looking to just get out at 16. Will set limit sell prior to open and hope for the best. If I get stuck in pull back, I will probably just hold on to the position because I do anticipate SPY to make a dramatic move next week or Friday.
One-World
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@Steversteves, I've been expecting a bounce back on SPY in the last 2 weeks but it actually happens after I changed my mind LOL. But it's good to see SPY reaching one after another key levels to gain more confidence to short it, no ;) Yeah I'm also trying a little at the time on Jun/3, Jun/10 puts. GL
abigreen
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@Steversteves Vic is acting weird, I stopped trading uvxy, seams to be artificially holdback.
Steversteves
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@abigreen, Oh no! I anticipate huge losses now, thanks :P.
Lets tank this thing to 378 so I can get some payday plz.
This bottom is too ugly for me to go long.