AMZN has now filled all the criteria of the sell-off into buying opportunity given in a previous analysis. Long 2260.
Starting to build up a swing short position in USD. Long EURUSD looking for a bounce of a minimum of 400 pips and up to 1,000 pips.
Strongest uptrend of 2021 - 2022 was the USD. I think we might be getting into the end of this now. USD has been my favourite long position for a while but have made a full exit of USD long and am starting to build up USD short trades.
BTC has dropped to big long term supports and has some stalling price action. A larger BTC break may have been made here weakening the broad bull market but even if that is the case there's a pretty good chance we get a bounce around this area. Stops under last low.
Taking actually a fairly sizable position long Doge this time. Did okay with previous entries when I trailed stops. Some sections were stopped out. But now we're 90% off the top. I always said this is where I become super active. Large long in doge. Stop around 0.05.
Selling puts for the indicated range. I do not think it will hit and if it does hit I think we often bull trap off there a lot of the time and I can probably still get out at full credit. I'm mostly a theta trader in the 3870 - 4130 range. I think it's a dead (Range) zone. Using spreads and stops on everything. No CSPs. I don't want that risk, even though...
I think we might now be making a swing low. I'm exiting everything bearish I have. Mainly my holdings at this point were long USD. Exiting that. I am now positioning fully for risk on market and will bail out on those if 3900 fails to yield strong bulls I am looking for.
I think we've hit major broad market supports. All the big target of 2021 have hit. Many stocks were targeted 70 - 90% down and they're there. Now into accumulation mode. Using stops on all trades. It's a good time to be a busy bull with stops I think, crazy time to blindly buy with no exit strategy. Been waiting about a yr to buy this one. Long now.
Apparently the inflow of calls to DIS is really high. I've not checked, a friend told me. From my perspective, we're on a 76% and I love to buy 76s. Starting to take a DIS position with stop under the 76 fib,
I think a lot of people thought I was joking or trolling when I said this 60+, but I wasn't. 90% off the high is a norm for these type of mega expansions. I like to buy them 90% down. AMC is close. Been talking about AMC short for a while. I think it's ending soon.
Pending orders in to pick up COIN with pretty tight stops if it gets to 5. Love buying things 90% off the high. Patience is golden.
If we make a big scary spike low in BTC I think we're maybe completing a wave 5. Would typically end 161 extension of the current range. If so, I want to buy here. Might be a 100% climb in BTC off this support. If we hit 25K, I do not think we'll make a new high. 10K will hit before 70K, IMO.
We're close to the standard target area of the head and shoulders, 161 fib of the head. Here we have an inflection point. If we break, downtrend is on (And it might be on big). I still have various things that tell me to be a careful bear. If and when we tag 3900, I will be bullish until given reason to not be. If a bull move comes, it will be epic. Truly a...
Positioning short for a final swing down. Feeling we're heading to 3900 in SPX and also have strong suspicions we'll find at least a near term low in that area. Might be the end of the correction. It's possible we're into the last week or two before we have easy bull markets again - and if so, we might be a few months away from a major shorting opportunity...
Think we have Asia strong bears coming. If we make a bear move from here I think it will be a really strong one, perhaps making the low. If it's heading into a local or swing low, typically has to be a vicious last move. We would be due fireworks.
Looks like we're still in a net downtrend in indices. While that's the case shorting into these fast rallies is a good plan. Taking Nasdaq shorts.
Filled buy on BTC at 31 and 30K. Order placed a very long time ago. Active now. Se:
Supports look no good. Shorting targeting a move to 25K.