lol there'z no way in hell this belongz 50% higher now than pre-covid. impossibull.
we're seein negative divergencez galore on thu WEEKLY. we think they've created uh
major pump n dump here. we think this garbage reevisits 410-420 in 4 weeks or less. do thu
Jan/Mar PUTS if u wanna b ultra safe. we're in weekly-bi-weekly 465-500 PUTS now with zero
if 403 breaks, gap fill reemainz 409.50 (+1.8%). if 403 gap resistance failz, Xpect uh retracement back ta
392.50 (-2.5%). from here we think it'd take uh binary event from thu FEDZ ta get 2 that 409.50 gapfill.
while it could do it on continued momentum on its own, its less likely after this monster run. there'z heavy
Dec 21 VIX CALL volume so do thu Dec 23 PUTS...
we're holdin our 395 CALL hedge in case 409.50 gap gets filled (+1.7%) but added Dec 23 405 PUTS here at upper trendline.
congrats 2 our followerz that didnt short on uh holiday week like thu rest of thu broke moronz
thu WEEKLY iz showin familiar patternz and if trendline holdz, we're goin back down but reemember, this
iz thu WEEKLY chart so give urself a month from now. of course, if upper trendline breaks out this formation
iz no longer valid...
even moar accumulation 2day after yesturdayz noted. still seein no serious VIX CALL volume till Dec 21.
nuthin changed from yesturday, still Xpectin premium burn till after thanxgivin. we mooved our PUTS
into Dec 23 420z and thu CALL hedge to Nov 25 395z. if ULTA breaks 428.50 there could b trouble brewin
but thu entire day we watched em grind this garbage...
weird day, extremely light volume, accumulation still looks good. not seein any VIX CALL volume
until mid december still. wanna believe this diamond reversal but gettin tonz of weird readingz.
thu DOW obviously outpurformin tech once again despite yieldz tankin which iz confuzing. sum
tech iz tanking otherz are up. our ORLY AZO ULTA GS NFLX shorts arent...
saw sum late day weekly 180 PUT buying into earningz. they filled in thu gap 2day finally.
there'z distribution on thu 1HR. we're not short but we're short ULTA so kinda hopin this thing
eats shyt. they could've lured in suckerz today after WMT also. entire 209 gap fill wood take uh
16% move, which iz unlikely in this market, but anythingz possibull
possibull diamond formation haz formed with sharp money outflow 2day. again, boolish market but
we're still lookin 4 uh pullback to 390 (-2%) at sum point between now and thanxgiving or soon after.
accumulation still looks solid tho
we're barely over yesturdayz highz on low volume. we're startin ta see distribution finally az well. note VIX barely down.
u can try thu Dec 16 400 PUTS 10.30 or Nov 25 410 PUTS 10.80 with 405 CALL protection 3.30. like i said, dont Xpect any
miracle downturnz any time till after thanx givin tho. this markets in total BULLMODE now. there'z another 2% ta...