Derpy Trades
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$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ Yep, I'm convinced they're using put premium to push the markets higher. For any trader following these patterns a break back below support would have signaled we had a false breakout and were headed lower. Then, once enough people loaded up puts they gap the market higher, making them worthless.
I have said that I hate symmetrical triangles, and here's why; potential, false breakouts. Technically speaking, we are still not out of the woods ...
I have said that I hate symmetrical triangles, and here's why; potential, false breakouts. Technically speaking, we are still not out of the woods ...
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$iShares 20+ Year Treasury Bond ETF (TLares 2 Sharing again for all my bond traders. This is targeting ~97 if it plays out.
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$Bitcoin (BTC.CC)$ If we remove the outlier of August 5th, this shows a clear pattern with a target of ~74k. That also has confluence with the upper resistance line of the longer term ascending channel it's in (in purple).
We going for new ATHs, or a double-top?
We going for new ATHs, or a double-top?
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Derpy Trades
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The stock market wrapped up a robust week, with major indexes posting their best performances of the year. The S&P 500 rose 4%, while the Nasdaq Composite surged 5.9%. The Dow Jones Industrial Average also gained 2.6% during the period. Tech and semiconductor giants drove the rally, with Super Micro Computer and Arm Holdings adding 3.4% and 5.9%, respectively. Alphabet advanced 1.8%, and Uber jumped more than 6%.
“Inv...
“Inv...
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Derpy Trades
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$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ The market is building liquidity right now. Likely about to break out aggressively in one direction. Based on the technicals alone, I would expect a move up first, although if it breaks support...🩸
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$Invesco QQQ Trust (QQQ.US)$ Dannng, the put/call IV skew is so high I was able to pick up THREE calls for the price of one put.
If you haven't seen my analysis yet, this is why I'm pretty confident that this strangle will be profitable.
Not financial advice, and please don't copy my trades.
Best of luck everyone, FOMC decision gonna be LIT. 🔥
If you haven't seen my analysis yet, this is why I'm pretty confident that this strangle will be profitable.
Not financial advice, and please don't copy my trades.
Best of luck everyone, FOMC decision gonna be LIT. 🔥
From YouTube
$iShares 20+ Year Treasury Bond ETF (TLT.US)$ I love rising wedges when I want to go short, but definitely don't want to see them when I'm already long. Especially when they are indicating a retest of previous support around 96.50.
Thinking I might sell the TLT call in my IRA before this fully plays out, then buy back once we touch support. Still on the fence about that because if the Fed does something unexpected the market will likely flee to the safety of bonds and then I would miss it. But ...
Thinking I might sell the TLT call in my IRA before this fully plays out, then buy back once we touch support. Still on the fence about that because if the Fed does something unexpected the market will likely flee to the safety of bonds and then I would miss it. But ...
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$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ Would you like to know just how far SPY and QQQ could move after the FOMC Fed interest rate decision? Tune in, because we are going to cover the HUGE patterns that have formed right up into this pivotal, market-moving decision, as well as big names like NVDA, AMZN, and TLT!
From YouTube
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So this essentially explains why the Biden/Harris campaign has been borrowing TRILLIONS of dollars as though the US were in war time, and the MILLIONS of not-so-legals they've been purposely allowing into the country to artificially boost the labor market, simply to prop up the markets long enough to win the election.
It's despicable. They could care less about the crippling inflation they're causing or the market bubble that is only possible due to that much liquidity. Many people's retirement...
It's despicable. They could care less about the crippling inflation they're causing or the market bubble that is only possible due to that much liquidity. Many people's retirement...
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Derpy Trades OP scarlight : Sure is!
Derpy Trades OP Orhan : For sure. I am aware of the basics of Elliot Wave theory and understand Fib levels, but I don't utilize EW theory in my trading. I do, however, have ways that I follow "waves" as you say.