UPDATE March 9
A quick post a day before jobs release. Jobs release tomorrow an hour before open. That will send the market, but until then, today should be consolidation.
Where we are currently - The price is under the mid bollinger the 50MA & 18MA, it has a negative MACD and the SLOW KD might cross over. There is also a small divergence forming.
3 ways this can go.
BULLISH - we need to break 12450 and push higher. The target if price can set up here and break 12500 is 13300-13500.
BEARISH -
1.) Nasdaq runs to 12350 ish and then reverses down, settling near 12150, which is neutral. This is what I believe is most likely, as positions will want to be neutral going into jobs data tomorrow.
2.) We make a weak attempt up, probably near 12200 - 12230 before reversing down. When it breaks 11830, that's a sign we should be selling down farther.
how does my newest short look?
iam out of nearly everything. Short nearly everything.
Be Safe, Be Careful, Be Wise
and as always
Good Luck ![]()
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Engineer, Commodity Buyer, Alert Bettor,
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BeBlessed : Bro iamiam, thanks very much for taking the time to provide us with a daily update. God bless!
icezzz : How low baba could be?
iamiamOP icezzz: near term like week or two 81-77. longer term month or two 60's
Violets : looks like it's getting sent right now
70850079 : Thanks for sharing, much appreciated!
101828445 iamiamOP: Is it safe to short Baba?
黑天鹅 LILy : The post is a must-read every day, it's great. Sosx has dropped a lot recently, $30
A high-ranking duvet cover, I wonder if I can solve it for the rest of my life?
iamiamOP 101828445: I don't know about that, I'm more neutral bearish
Ping983 黑天鹅 LILy: I'm 24 and I hope you get out of the box soon
黑天鹅 LILy Ping983:
, a financial turmoil, maybe
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