DaddySawbucks

DaddySawbucks Updated 

This flashcrash will pivot soon IMO. Statistic: Most ATH occur in September. Did in 2020. Friday Triple Witching culmination? NQ has been bearish but acts more like consolidation at support, making higher lows. NQ is >25% of SPX market cap. We have seen time and again how the bulls grab every dip and this one likely to be perceived as just another...

DaddySawbucks Updated 

Not overbought but acting rather Bearish. Took ten spreads Fri 13 Aug, in for net debit $4; look for retest of support at 210-215 and the 200 MDA. Might get a higher low; might just tank off. Serial rejections from $224 price on ETF over past weeks. Kept expecting it to break higher but they sell every rally. Bearish until proven otherwise IMO. Trade at ur...

DaddySawbucks Updated 

I shorted on Friday in the November contracts trading $15 OTM for a net credit 4.40. Decent premium for sky high contracts. Target at 50 DMA ~438; expect further bounce from support before the real correction, IMHO; all corrections so far were preceded by double tops. I sold 62 spreads, can add or just hold. I don't recommend this for the faint of heart. Calls...

DaddySawbucks Updated 

Hedged put position just took ten spreads on Friday 13th for net debit $7. NOT recommended for fainthearted, Big risk/big reward (maybe). There is support at former resistance ~342 - 345, targeting. Index is overbought and struggling to break above 370. GLTA!

DaddySawbucks Updated 

Price fooling around at the 0.786. Not shown here but notable is the declining volume in advancers at this price. OFC the nutty market can fool us again but going long here would be a low reward position IMO. Not investing advice; trade at ur own risk; GLTA!

DaddySawbucks Updated 

Chart says it. Breaking out to upside, correction with double bottom in: Small pullback to test upper channel TL; then higher IMO. Just an idea, not advice; GLTA!

DaddySawbucks Updated 

Just an idea. Not saying it's going down like this, but looks a lot like Dec 2018, twin peaks, second rally slightly lower high; see what we get Friday. Clearly need to be cautious going long at these high prices, 4238 may well be the ATH. pure guesswork now IMO. Not advice; trade with care, GLTA!

DaddySawbucks Updated 

Fibo at 4168 expected turn, might pump higher, but it will sell again. Same pattern unfolding as last June swoon. RSI declines. Might break under 4k, or give a double bottom as it did last year around this time. IMO very unlikely to get back over 4200 until move is over. Trade with care, it's full of traps for bears and bulls now, just damned risky in any...

DaddySawbucks Updated 

The Ellipse, or Lens, is either a consolidation pattern or topping formation. Gap we saw Thursday 29 Apr likely an Exhaustion gap. Higher prices seem unlikely given weakness overall but MFI oversold, RSI resting at support level; a brief bounce seems likely. Longer-term, expect correction to support at former price resistance. Not investing advice; trade at...

DaddySawbucks Updated 

It's formed a 'W' cypher, sharkish pattern past week; typically these pullback to the 0.50 Fibo then bounce, or just sell more. RSI is fading but not oversold. Probly got one leg left in the rally to ATH this summer, after sell in May and June Swoon IMO. GLTA! Trade at ur own risk; not investing advice!

DaddySawbucks Updated 

Clear Bear Signal on 14 Apr, engulfing candle in NQ ate up every penny earned on 13th, a twin tower. Volume declining, RSI Overbought. Bull trend is intact, IMO gonna retest the breakout point and consolidate bullish power before moving to ATH in late April > early May. A real correction to emerge later in May > June; then a summer rally. ERs will drive it now,...

DaddySawbucks Updated 

Every major top ended with the parabolic, a vertical unsustainable spike, delivered on an exhaustion gap. Overlay from Aug > September fits perfectly... expect a gap weds or thurs to terminate in blowoff around 4200. RSI went to 88 on 2 September. Closed at 77 Tues... still room to run higher into overbought zone IMO. Trade at your own risk; GLTA!

DaddySawbucks Updated 

Overlay of last weeks' runup on this lateral consolidation move leads to 4130 by Friday. See if it happens. No position; waiting. Happy noise from Fed Powell could be the catalyst. If it fails, this price zone will be a mesa top. GLTA!

DaddySawbucks Updated 

How high could it fly? Expecting 4130-4144 tar. Maybe it already topped? We'll soon find out! The megaphone is ominous, could get correction back to support at 3800, or less, if it plays the horn. Not investing advice; trade at your own risk; GLTA!

DaddySawbucks Updated 

Companies get sued all the time. They hire gangs of lawyers and negotiate settlements, the shares recover, the business grows. Bouncing off support here, pretty clear buy signal at end of impulsive bear move. I'm buying for kids' college funds and calls in my trading account. Not investing advice; do ur due diligence please! GLTA!

DaddySawbucks Updated 

It always ends like this. Overlay from final wave 5 rally into 2 Sep. Just something to consider before you go full bore shorting this. Finding the exact fit to this week's rally was quite sobering. April is usually very bully and we're coming off a very Beary period since mid-Feb. The overlay suggests end price ATH at 4446. IMO a Big Bullup may well occur....

DaddySawbucks Updated 

I wouldn't go long here yet. Wolfe projection suggests tar price in box between 3700 - 3810. After that; to the Moon. Overlay from October correction second wave fits this one pretty well so far. Sell the rallies! GLTA!!

DaddySawbucks Updated 

No idea wth this thing will do next, made bank playing the sells, the rallies have been surprising and shorting overnight is fail... IF this is a bottoming IH&S pattern, the rally up here will be something fierce IMO, don't get caught short! GLTA!!