UPDATE May 19
-SQUEEZE-
saw this meme, and it cracked me up, so I have to share it
and here's an iam original
How about that squeeze, huh? Who shorted into that? shame.
But is there hope for a decline???
We have entered a bull market. But I don't believe it yet. We have made a New High (we broke August peak of 13744.4 and 334.4). Now, we need to maintain a higher low. The low almost immediately after the August high was 10485. There will be many supports down. Supports are just that, support. Support can hold, or it can fail. If it's broken cleanly, that is a strong down trend. If support holds that is keeping the bull trend. Don't get bearish in a bull trend and vise versa.
Having said that, as I have said before, I don't trust it. But there are a bullish and bearish scenario (always). on a large scale (don't get hung up on it happening just know it is possible) there is a chance we squeeze up to a new all time high, according to my channel that would end around the end of the year. Again, don't think about that. Just know it is a possibility.
There is so much I want to get in this post because the markets are at critical points. I expect a pullback here it may be violent it may be long it may be shallow or short I don't know the path, only the destination. After the pullback AS LONG AS IT REMAINS ABOVE 13300 I expect more upside. near 15000 as the high as this inverse head and shoulders completes its sequence to retrace back to " The scene of the crime". if support starts failing then it's OK to go short for the long haul. until then
we hit my trendline and should get a pullback. 13700 is mid trend to 13500 the bottom trendline.
Then:
That's right, more upside. Watch out for a rug pull. that's why I don't hold overnight. (although I did hold puts from shorting the run yesterday ![]()
)
i expect a pullback today 335.3 is support then 333.2 below that 331.6. upside for today I have as 341.3.
the stocks iam in.
reports today, no joke. I like 450.... up 16 premarket![]()
*UPDATE* hahaha blew the F* out of earnings. [Dollar] I love being a pig when it's called for.[Pig] held options through earnings - yep! 450 was my upside target not my target for today, although almost hitting 400 was eye opening![]()
looking for a pullback to 245 (haha, my target for a 235/245 spread I paid 35 dollars for that would've expired today, but i sold yesterday💰). the lower pullback would be 243.
pullback 175 then 173.8. upside, I kid you not, when this is done is 260 to 300.
support 117.7, 116.7 upside for today 120. my upside target after the pullback is 150.
support 123, 122. upside today is 125.5. after the pullback my target is 150.
i started buying
support 189, 184.5. upside today is only 192. my upside after the pullback is 220. they report 23/05.
support 206.3, 200.8. Upside today is 208.8. I expect this to stay in the upper price region as it is turning around towards 268.
the VIX
i warned that everyone was long VIX. MMs do not pay out. don't chart it. It can get you in trouble. the VIX is easy. Under 20 is BULLISH above 20 is BEARISH, but if you want a target, then it's 14.
Be Safe, Be Careful, Be Wise
and as always
Good Luck ![]()
my market death clock has been reset and moved back. This decline is a pullback unless support fails.
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102235596 : For the market death clock - do you really see this going beyond 341 before it drops? And if itll continue it’s bill run into next week?
iamiamOP 102235596: I think it will pull back at some time, if not today, then next week. and it should only be a pullback. I don't think the market declines until past June maybe.
Butcher71 : So you are expecting pullback to 13300 and then up till 15000 ? Only when it can stay below 13300 then will the titanic occur if I read your synopsis correct
iamiamOP Butcher71: that is correct, except I'm not expecting a pullback that far. that is just my bull line