DaddySawbucks

DaddySawbucks Updated 

Oversold > Overbought > ?Oversold again?! Probly will hit the R line at 2270 Friday IMO. Buying panic. V-shape, who knew?! No position yet, lost enough second-guessing this move already. Sheesh!

DaddySawbucks Updated 

Chart says all. Could be near end of the reaction rally from Monday's selloff IMO. Trade with care, GLTA!

DaddySawbucks Updated 

Note the consolidation zones along the S/R line reaching back coincide with the Fibo retracement 0.618 level; bull/bear battle zones, likely rejection zone. Overbought condition, indicators pegged, but can always squeak higher ofc. A move lower is likely imminent, Whether it proves to be a higher low and price returns to lofty valuation, or a real correction,...

DaddySawbucks Updated 

Not a big believer of harmonic trading, but there is the pattern. Money flow weakens. These patterns supposedly result in a 50% pullback, as shown. Not advice; GLTA!

DaddySawbucks Updated 

Chart says all. Sell in the band between S/R. not advice, just an idea; GLTA!

DaddySawbucks Updated 

At least to test 200 DMA IMO. Expect technical bounce to rejection under lower channel TL from OverSold. Short the rally, due diligence; GLTA!

DaddySawbucks Updated 

Gave up 1K pips and entered consolidation zone. Forms pennant on flagpole, probably only halfway down. Can backtest higher before measured move; or complete a flagpole formation from this pennant. Price action has been muted; small moves, no huge red days, yet... Trade at your own risk or just stay out and watch the damned thing. Churning moneypit IMO; GLTA!

DaddySawbucks Updated 

Chart says all. IF it breaks the 50, will likely sell off 8-10% further. There find supply zone. RSI and MFI at this level have held support in past, except Oct 2020. So used that overlay for failed case. NB: DJI off only 0.5% and RUT was GREEN EOD. Would not be short here with small caps so resilient... GLTA.

DaddySawbucks Updated 

Chart says it all. Went oversold at support, closed the gap from 4400. Headed higher, until it isn't. Gonna retest ATH and double top, then rollover into correction IMO. Gann's fan gives estimate of new final channel to ATH after correction. Trade at ur own risk, GLTA!

DaddySawbucks Updated 

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!

DaddySawbucks Updated 

So far above the 200 MDA... 50MDA will serve as first support IMO. When the waterfall cascades, 200MDA should hold.

DaddySawbucks Updated 

I bought 120 of these. Not cheap not for faint hearted. I do NOT recommend this strategy for investors. Pure Speculation, be warned! You need cast-iron cajones to hold this position, been buying these all last week as it gets crushed, the $17 were ~4.90, $16s averaged at 5.30. These got a lotta time in them, patient watch & wait for the pop. Target ~$24-26 will...

DaddySawbucks Updated 

It's Bullish. Seasonal correction then mad dash to ATH? Oversold > Overbought> Oversold > Overbought... Not feeling real Bullish, just wary of Big Short here, might have much farther to run. Be careful, stay safe!

DaddySawbucks Updated 

Looks just like it did in May and June before the mini-bears. MFI + RSI both peaking. Stupid new ATH. Can it get higher?! OFC! Closed out my SPY 465 October vertical 465/480 spreads by buying the short legs back for a $1K credit in early trade; I held the long 480 calls and re-entered today at the ATH, now short 20 October 462s and 50 October 467s for a net...

DaddySawbucks Updated 

Been accumulating September calls. Into 100 now, 17s, 18s. Falling Wedge. Trade at ur own risk, GLTA!

DaddySawbucks Updated 

RTY not yet overbought, room to run, the TL intersects at 2311 on 31 Aug. Expect ATH prices next week in major indices, small caps have struggled. Might turn back from resistance after the megacaps top out. Taking a small position in October 225 put spreads vs weekly 220s. GLTA!

DaddySawbucks Updated 

We had two zig-zags, in Sep/Oct and Mar/May. These lasting 2-3 months. Bull waves after lasting 3 months, gaining ~60+ pips. This rally is near exhaustion IMO. Expect correction on/about 7 September after Labor Day. 3 Sep likely a new ATH. Most ATHs DO OCCUR IN SEPTEMBER! That said, Ka-Powell speaks this week, Fed meets, Treasuries look like headed for...

DaddySawbucks Updated 

Look where it rests and think again about selling short at support. Just an observation! Pivoting soon to new ATH IMO; Oversold.