All declines are traps; every drop is met with buying. Despite a continuous nine-day upward trend, some still fantasize about a reversal. Under the dual stimulus of monetary easing and interest rate cuts, the stock market can only keep reaching new highs, with no possibility of a pullback. It is merely creating higher lows before surging further.
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$Invesco QQQ Trust (QQQ.US)$ Keep pushing higher! We must return to the opening level today to complete today's green candle. With nine consecutive green candles, we are making history!
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Why is everyone fantasizing about a downturn? The market has been on an upward trend for eight consecutive days. Short sellers simply cannot survive. Every dip is just a regular profit-taking sell-off. With a 90% expectation of an interest rate cut, the main index can only go up. Good luck to those who are still shorting.
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Massive losses incurred, followed by another purchase of call options.
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$SPY 251204 683.00P$ Continuous losses. Buy put options now.
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$SPY 251204 685.00C$ I purchased call options, but the market is expected to decline.
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$SPY 251204 682.00P$ As expected, buying call options causes a breakdown below the range, and buying put options leads to an immediate rebound.
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$Invesco QQQ Trust (QQQ.US)$ The market has closed higher than it opened for eight consecutive days, with green K-line patterns indicating severe overbuying. However, intraday prices remain unable to fall, suggesting that certain groups are forcefully manipulating the market upward.
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$SPDR S&P 500 ETF (SPY.US)$ I want the bear side but the bulls seem strong
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$Invesco QQQ Trust (QQQ.US)$ Watch out, might drop
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