UPDATE May 13

Those SLV LEAPS I posted yesterday are how dragons are made.

Sleep easy and sell 2 years of calls with shares you don't own. Make the stock work for you.

Weekly showing how far I believe we can go.

OXY just to give you a refiner/explorer

Hit 11689 to make some think it bottomed - why? what has changed? is inflation better? is everyone going to run out and travel when costs are all time highs? are they going to buy that thousand dollar iPhone?  the answer is NO, but get this, the FED that said inflation was transitory then a problem now yesterday after jpoww was confirmed he admitted they cant do a soft landing, ruh roh shaggy! the FED is F*d and are so are we, because while they live in ivory towers and inflation has no effect on them - they make the decisions that effect you.
END THE FED!!! FREE THE MARKET!

HOURLY's - VIX NQ
I believe when VIX hits 29.9 then it will reverse and crush the Nasdaq

I believe NQ is just cooling indicators. Starting to get bearish divergences, that being said bear markets can have violent oversold rally's so be careful bear hunting out there.

And now that I'm done I'm going to get on my soap box
The market is like a train 🚂 on a track 🛤
(back when they were being built the max grade was 2.5% just like our market and inflation)
chugging through the mountains at a steady 2.5 percent grade, then the FED decides this is unsustainable if we go at 2.5% eventually we need to come out of the mountains so they built a 2.5% downgrade (that's a 5% swing which was their inflation goal)
Now the train is coming down the mountains too fast and the FED is unwilling to pull the brake lever (20% interest rate) to stop it, (because they can't! the country couldn't afford its debt at anything close to 5%) Inflation will keep picking up steam, the FEDs only tool to stop it now is to blow up the train. (crash the economy)
But until they do that, they have decided to do what all failing organizations do, they tell the passengers everything is fine, while they jump off the train. (all those tech CEOs and politicians sold in Nov but retail still bought)
What is happening is the FED is INTENTIONALLY causing a crash and mass unemployment ITS THE ONLY TOOL THEY HAVE TO STOP DEMAND!!!
They told you, you just didnt take them seriously
"No memes No crypto No Fun - go back to work"
But IAM you just said they are creating unemployment? Yes - In Tech and non productive sectors...
We as a country made amazing tech advances and went from "Work smarter not harder" into "Work less" and created generations of lazy unskilled workers. IAM talking about the REAL workforce those that build and deliver real tangible things. So as a nation we can consume just not replace.
off soap box.
Down the mountain I go
As always Good Luck