I did the wedgie plot earlier today as fast as I could to show my followers, now that I have more time, I realized the wedgie is bigger than the original plot.
This means the target is more than likely the higher resistance line. So up Friday, dip Monday then up Tuesday is the projection for now.
3 day short squeeze rule is definitely in effect, no shorting until Tuesday afternoon or Wed. I think cash over the weekend then buy calls Monday afternoon if the pattern holds.
This means the target is more than likely the higher resistance line. So up Friday, dip Monday then up Tuesday is the projection for now.
3 day short squeeze rule is definitely in effect, no shorting until Tuesday afternoon or Wed. I think cash over the weekend then buy calls Monday afternoon if the pattern holds.
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No need to watch futures tonight, it's gonna whipsaw premarket tomorrow anyways
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No whipsaw, looks like a pump
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Gap direction for Tuesday is a complete crap shoot, I recommend hedging if you decide to carry a position over the weekend.
A straddle or strangle might make sense, I think we see a large gap in one direction or the other
A straddle or strangle might make sense, I think we see a large gap in one direction or the other
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I know my chart here is very bullish, but I just want to point out that TLT hasn't moved at all, like I said yesterday, the rate hike is priced in.
So the question becomes how much can the market bounce with a higher yield locked in?
So the question becomes how much can the market bounce with a higher yield locked in?
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.... I say that because I had to short BTC at the resistance, lol. Using half my profits for the week.
Total crap shoot though, it might break upwards.
Total crap shoot though, it might break upwards.
In any case I plan to cash out tomorrow, win or lose. Heading into the weekend all cash.