Here is a update to my idea I posted yesterday.
What a fun market.
Spy was bloody today as high inflation continues to rock the stock market.
This is a bear market and I expect every pump to get dumped until we reach my PT of 398.14
There is a GAP that is probably going to be filled since the fib extension lands right in the gap.
! would watch the supply zone if you are holding short term options as price may bounce there.
The Daily Stoch has a BEARISH divergence
Once price starts falling and margin calls get issued, its going to be BLOODY
A lot of traders are going to be wiped out this market.
Make sure to leverage if you are holding long.
This is a warning to BULLS
Goodluck Traders
This is going to be a WILD market
Feast on bears!
I am still holding my Puts puts and PUTTTTTS.
What a fun market.
Spy was bloody today as high inflation continues to rock the stock market.
This is a bear market and I expect every pump to get dumped until we reach my PT of 398.14
There is a GAP that is probably going to be filled since the fib extension lands right in the gap.
! would watch the supply zone if you are holding short term options as price may bounce there.
The Daily Stoch has a BEARISH divergence
Once price starts falling and margin calls get issued, its going to be BLOODY
A lot of traders are going to be wiped out this market.
Make sure to leverage if you are holding long.
This is a warning to BULLS
Goodluck Traders
This is going to be a WILD market
Feast on bears!
I am still holding my Puts puts and PUTTTTTS.
Trade active:
Spotted a head and shoulders. Just an idea
