That trendline... it means more than most of you know
I would be doing your homework and getting an education and staying off of those discord chats and twitter. I see someone mentioning youtubers. HAHAHA. Seriously? You listen to some uneducated kid with a youtube channel who is laughing making his ad revenue and probably his "paid" members only club he offers because he never went to college or had two pennies to start a business. Cmon. Wake up.
I laugh at the Japan comment.. yep, we are going into a 30 year depression. Cmon. Just stop.
Are things coming down? You bet! If you are long, you better be day trading or you're just a clown. If you don't think that is happening, I don't know what to tell you. I wont feel bad when your account is nearly wiped out and your as depressed and pissed off as can be. We are still in the next stratosphere. The market is still in the clouds and we barely even started to come down.
This is going to be a big week. The market is expecting over a $15 dollar move in SPY. Those blue horizontal lines, those are the boundaries for SPY for this week. If we run that to two deviations, SPY can move $30. That is a monster move for SPY. A monster move. SPY normally looks for a $7 move on average.
Good luck. If you are thinking of buying, you better be a very short term trader. And for those getting out of short positions who have had them for months. You may not be able to get back in as liquidity becomes an issue and you go to short and it says no shares available because everyone already piled in. Just keep that in mind, at some point that will be happening. I already know QQQ has that going on.
I laugh at the Japan comment.. yep, we are going into a 30 year depression. Cmon. Just stop.
Are things coming down? You bet! If you are long, you better be day trading or you're just a clown. If you don't think that is happening, I don't know what to tell you. I wont feel bad when your account is nearly wiped out and your as depressed and pissed off as can be. We are still in the next stratosphere. The market is still in the clouds and we barely even started to come down.
This is going to be a big week. The market is expecting over a $15 dollar move in SPY. Those blue horizontal lines, those are the boundaries for SPY for this week. If we run that to two deviations, SPY can move $30. That is a monster move for SPY. A monster move. SPY normally looks for a $7 move on average.
Good luck. If you are thinking of buying, you better be a very short term trader. And for those getting out of short positions who have had them for months. You may not be able to get back in as liquidity becomes an issue and you go to short and it says no shares available because everyone already piled in. Just keep that in mind, at some point that will be happening. I already know QQQ has that going on.
