UPDATE March 13
A quick update, because the markets ate up the drop and look to make a new high. It's going to try and reach and exceed 450. That's why you never short a market until you get follow through.
this was yesterday in the group when members were asking when to short. my reply was not today, let the market work itself out.
it worked itself into wanting to go higher. Futures made a new high overnight. I will share what I shared with the group yesterday.
***************
EVERYONE
this will slingshot up and fail so hard it'll hurt. you will know, Friday was a precursor to train retail to buy a scary dip. but don't. and there will be no mistaking when it happens. it will happen during the day at an all-time high (just like friday) when that big red appears, get out.
**********
We are topping. My recommendation is to wait. this can squeeze up into 20k - 22k if it wants. it is getting far extended. That doesn't mean anything other than to be cautious. I think we hit 18600 and fail, or a little over 450 in QQQ. Will it be today? tomorrow? I don't know. Time is the hardest to predict. This Friday is OPEX. Meaning options and futures all expire this week. Contracts rolled over the weekend. We could run all the way until the Nvidia event. or longer. I don't predict time. overall, on a long scale, this can go much higher, 500+ higher. So don't think it's finished. But iam looking for a drop.
Don't fight it. Money is always investing. Find where the money wants to move.
10 minute chart. I just used this time to fit it on the screen. Looking to complete the cup and then pull back and continue up. The numbers are there. 435.44 is the low. as long as we maintain above that we can move up. And we can keep moving up until it stops. Meaning do not short this until there is a reason to.
Let's look at some random charts I'm in.
Tesla is looking bearish in the short term. It was very bullish yesterday until the afternoon. I'm long tesla but would actually welcome a flash drop. I have a very high upside. I don't know why. I don't chart why's. I only know this has big upside. Is it charging? Is it AI? I don't know and don't care. Short term is bearish, long term is much higher.
Energy still looks good
Daily chart looking good.
up against trend resistance. if we break that, happy days 😀
LETS GOOOOOO
Nuclear
Hanging on that trend. It can drop again if it wants. I buy. 😁
A good 38% pullback we could get a 50% that seems a bit much. LETS GOOOOO 🤠
The blue lines are a liquidity zone. it's eating it up so it can leave it behind. I accumulate.
Weeeeee. Do you enter this? You could, but why? I've been in it. Now I just sing my weeeeee songs. I want 4500. if you enter now, this could fall apart at any moment. Are we guaranteed to hit 4500 or 5000. NO. But I believe. and iam stubborn 😆
The markets and tech are getting toppy. Friday was a warning. Be selective in your choices, a major rug pull could take place and bring everything with it.
Be Safe, Be Cautious, Be Wise and as always
Good Luck ![]()
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Engineer, Commodity Buyer, Alert Bettor,
Tesla 🌬 Commodities BULL🐘 Precious Metals Dragon 🐲 and OIL Trumpeter 🗣🎺
8114Followers
216Following
39KVisitors
Follow
102235596 : Hi @iamiam looks like there’s a head and shoulders forming on QQQ, you reckon this is the pullback you were taking about and we might still make another high?
iamiamOP 102235596: that's what I'm thinking. but I'm not doing anything in case it breaks down. I'm watching my energy stocks gain
humorous Squirrel_48 : I don't think there will be a real pullback until May. SPX can go to 5250-5300 in the short term, and can reach 5400 in May and then begin the pullback
iamiamOP humorous Squirrel_48: that's very possible.
humorous Squirrel_48 iamiamOP: The real correction occurred when the Federal Reserve first announced interest rate cuts. The market believes that a recession will trigger a big wave of sell-offs, but I will buy the dip
Kevin Matte : 50% of uranium companies often look like Sprott on charts. They own more than 75% of the world's physical uranium. For years, producers have adapted their production capacities to low needs. Supply difficulties linked to Covid-19 have also contributed to maintaining supply at an insufficient level. The prospect of a global recession may raise fears of a drop in demand for uranium. But in the long term, there will be more and more supply than demand. Lithium and Palladium too will be in need ^^
Kevin Matte : In addition, a large part of their expenses is oil...
Kvin : Hi @iamiam, do you think good to enter with this drop? or will drop further? $Cameco (CCJ.US)$
iamiamOP Kvin: this is a bullish divergence. This is looking to complete wave 1. This is going g to be huge in the coming years.
S Punt : Hi - what are your thoughts about tesla#? Worth buying to hold (securities) or via options?
View more comments...