Bearish Shark / Cypher Pattern Emerging

تم تحديثه
Typically these sell halfway back to support mid-pattern. Double topping / rejecting from 4600 price zone.

Weakness in small caps and DJT may signal reversal soon. Be wary, be safe!
تم فتح الصفقة
Flipped P&C all day. Small positions. Closed all, looks bearish EOD, not betting on a big bounce. Could close LOTD.
ملاحظة
took that tiny bounce EOD... as bearish tues as was bullish monday, go figure; probly bounce Weds, sell Thurs, rinse, repeat, etc, etc
ملاحظة
Gonna waterfall if 4500 breaks imo
ملاحظة
OW broke o/n, freefalling
ملاحظة
NB: Futurz were Green until 1am; high likelihood this gap will fill back up to 4525 before it sells more.

Gapping down to support zone; shorting into support probably be a disappointment IMO; consider a small gapfill play in daily calls, eh?

Do not bet your farms on any of this! Trade with care, be safe! GLTA!!
ملاحظة
Tried calls 3x closed for few pennies, extreme bearishness price remains depressed for hours...

likely close at LOTD, done guessing for today. That monster gap will fill but seems not right away...
تم فتح الصفقة
Backed up the truck to the call wall after 2pm; in SPY QQQ AAPL Apr call spreads. Bounce baby bounce!
ملاحظة
Closed longs, futures gap filled. watching it.
تم إغلاق الصفقة يدويًا
tapped 4450 twice, likely to move higher from here imo
ملاحظة
An interesting idea worthy of consideration IMO:
SPY SHORT

Sure seems likely, a finishing move could be coming, eh? Trade with care!
ملاحظة
Banked calls on gap from EOD lows
ملاحظة
Flipped more calls, Starts to look like a failed rally; see what the PM session brings; not chasing this.
ملاحظة
Looks like it wants to close the am gap... rallied to a lower high mid-day; feels bearish it's def not bullish imo
ملاحظة
Look back to October and December, just last month in March. When the corrections were over, it got BULLISH AF!!! Up, Up and Awayy it was, never looking back, rising to meltup.

Now it's not so darned bully, it's rallied to series of lower highs. Looks like it's gonna sell again IMO. NOT chasing, closed all longs. Selling is not done IMO, could get real ugly if this support zone fails.
ملاحظة
Closed the gap up which was a close for the gap down Monday. Will it bull now? IDK... no position, flipped puts on the gapfill, done.
ملاحظة
NB: O/N futurz traded to 3384 SPX. See if they fill the futurz gap now.
ملاحظة
Yeah it's bearish. Resistance at 4410 now and rejected from 4450. Probly seek lower soon IMO.
Chart Patternscypher-harmonicHarmonic Patternssharkpatterns

منشورات ذات صلة

إخلاء المسؤولية