Double Bottom: Time to Buy?

Atualizado
Gonna find out real soon. So Oversold, due for a bounce. So far this week every rally met with more selling pressure.

Something gotta give soon... where will it hold? No positions, tried calls several times, all fizzled, and then the EOD dump.

Looks like an ABC correction, so far... if this is an impulsive 3rd wave it's gonna get really really rough soon, bottomless. Be carefull!!
Nota
IMO you can see a 5-wave decline From Mon-Thurs EOD. See what Friday brings... looking for a hammer spike down near 4260 give or take and bounce. Who knows?!
Nota
Futures turned overnight, could be a fakeout, been selling every rally, down ~5%, might be a pause before correction continues... >50% NYSE stocks in bear market atm...!?
Trade ativo
Flipped some calls and rolled into puts. So volatile so hard to know where to enter and what to take, just in cash atm
Nota
Flipping and scalping. Small positions. No plunging!
Trade ativo
Did pretty well buying calls when NQ was -130, That was a puckertest as you never know if the damned thing will go off 200 or 440 again, lol.

Closed all out again this makes a bear flag and could just roll over again IMO
Nota
Looks like it might sell again closing out all longs...sidelined
Nota
Yeah here comes the PM sell, look out...
Nota
wow! breaking up, expect a retest of the breakout, not chasing, not shorting; waiting
Nota
Drifting back, not chasing it, no position over weekend, expect backtest before higher IMO
Nota
Most likely gonna turn out to be a bull trap. I have a hunch that -4% is not over. Just strong feeling that we got to grind down and get some panic selling to finish the bear move. Lotta folks talking about 4230 price zone. Probly a good bet and it won't take long to arrive IMO.

After VIX crush Friday UVXY looks like a way to play if we get panic it will pop hard. GLTA!
Nota
Looks IMO like a 2nd wave pullback. Would not take shorts, if this is retest of TL will quickly move higher!
Nota
Yeah it's an impulsive down move. Is this the 5th wave extension> 4280 seems to hold...?!
Trade ativo
Flipped puts and took on some calls, looks like it might pivot soon imo
Nota
Again flipping calls. Caught the bounce from LOTD, IDK it could sell again IMO, just in cash now.
Nota
I expected more selling today (Weds 10/06) but prices holding at support fairly well. Sometime in Oct this beast will pivot and turn. Is it here? Tempting to go long but patience safer. See if it gets bullish soon...
Nota
Yeah Mitch saved the markets, dangit!
Nota
I am VERY SUSPICIOUS of this expanding megaphone triple top past week, the W looks like a setup for deeper dig down, look:
SPX short day trade: 7th October 2021

See holey's Bear Market guide chart in his related idea links !
Nota
The persistent weakness in RTY belies the real direction, this is still a Bear Trend, all these Rallies are just fakeouts, bull traps...
Nota
Gap n Go IMO. huge miss. Initiation gap?!
Nota
Scalping calls and puts all morning in narrow range. Wild swings minute-to-minute but little real movement, trendless Friday. There is a big gap to fill below, probly gonna fill next week. better to stay in cash imo, all risk, little reward atm.
Taking my beer money and buy a six-pack, take the afternoon off!
Trade ativo
Could not resist took puts on the flash sale NQ and rolled into calls at -60, now there's enough to throw a kegger!
Nota
Buying ten QQQ daily 362.5 calls @ 0.39c with 75" left to trade; powerhour play. Risk limit: $400.
Nota
Added 5 contracts for .34c, now into this play for $575 w/costs
Nota
Took 5 more at .29c. 20 is already too many, DCA to .35c, see if it pops... feels bearish IMO, probably not a good day to play this but let's see...
Nota
Yeah that didnt work went out for a quarter, lost a dime, ah well...
Trade ativo
LOL rolled back into the 362 calls fifteen for .41 , flipped for .52c, there will be beer after all!
Nota
See related idea. Gonna bounce Tues IMO, futurz trade at perfect inverted right shoulder:
S&P F 4,346.75 -4.25 -0.10%
abccorrectionChart PatternsDouble BottomTechnical Indicatorsoversold

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