https://i.postimg.cc...TK/NASDAQBV.png
they have faked a longer lasting bounce to get to new lows.....but sooner or later it has to bounce for real
Posted 13 June 2022 - 12:49 PM
https://i.postimg.cc...TK/NASDAQBV.png
they have faked a longer lasting bounce to get to new lows.....but sooner or later it has to bounce for real
forever and only a V-E-N-E-T-K-E-N - langbard
Posted 13 June 2022 - 01:04 PM
Don't be silly, markets will never go up ever again lol!!!
Posted 13 June 2022 - 01:22 PM
Don't be silly, markets will never go up ever again lol!!!
LOL.....
forever and only a V-E-N-E-T-K-E-N - langbard
Posted 13 June 2022 - 01:34 PM
Can someone explain to me how $USD US Dollar Cash Settle is UP 15% on a parabolic course in the last year? What is it measured against? A basket of flaming garbage?
Posted 13 June 2022 - 01:39 PM
Yes...at some point.
Hard to know fundamentally...but a technician who knows how to read a price chart, has a very good idea where that might be.
In the meantime: NASDAQ breadth is currently near 1:7 on the sell side...the NYSE is a whopping 1:14 and we're gaping lower.
Using Elliott Wave, you would have a pretty good idea where we might be in the bigger picture.
Fib
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Posted 13 June 2022 - 01:53 PM
What I think is hilarious is that every single technician on the business news channels are all saying its going to 35 and 3200. Finally just now someone agreeing with me we could see a massive short squeeze!!! Why is that,,,, because "options" today reveal everything and put prices are way overpriced right now!!! This is why I prefer selling option premium the most, always easier trades!!!
Posted 13 June 2022 - 02:00 PM
What I think is hilarious is that every single technician on the business news channels are all saying its going to 35 and 3200. Finally just now someone agreeing with me we could see a massive short squeeze!!! Why is that,,,, because "options" today reveal everything and put prices are way overpriced right now!!! This is why I prefer selling option premium the most, always easier trades!!!
you are a good trader and you demonstrated it here, so if you too are waiting for a good short squeeze to take place soon.......where would you expect the bounce to end and the downtrend to resume ? nasdaq 12500 is the most I can give to the bounce
forever and only a V-E-N-E-T-K-E-N - langbard
Posted 13 June 2022 - 02:35 PM
Thanks, average long is 3908 right now. That I never know, generally I leg my way into the trade, get the initial bounce or sell where I profit stop it and then start over. i mostly trade off of the movement of the tape and options to give me an indication not a bunch of technical indicators....Being an expiration traded week I would expect lots of volatility. With that said there is a good chance to be above 3900 by Friday for this June cycle according to my option numbers and option prices themselves!! They are indicating a real good chance that a rally could start here at any time so I wouldn't be shorting for sure!!
Posted 13 June 2022 - 02:36 PM
Wouldn't short now that were already down here I mean lol!
Posted 13 June 2022 - 03:05 PM