You really wanna go long here?!

RSI near 80, MFI near ATH over 90, Blowing Up. Chart has all the details. Could top this week or early next. Overlay is a WAG.

Absolute disconnect of price from reality. Selling soon IMO. Price may press higher to test the Fibo at 16,530 before rollover.

Every blowoff ends in a waterfall cascade. Excessive greed gives way to excessive fear. Gonna get real dicey real soon IMO.

Expect ATH ~400 in QQQ before it's done IMO. Might get an exhaustion gap up Thursday 11/04. See related ES1 chart, suggests Tues Top.

This is not advice, just another tutorial about nutty price behavior. I do not recommend or hold any position now; GLTA!

Zlecenie aktywne:

Opening bear put spread in Nov 401 short the Monday 8 Nov 396, just six spreads to start, add if it pops in power hour

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Closed on weakness, really expect EOD bounce to ATH

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Entered short EOD Friday 11/05, Happy Guy Fawke's Day. See related posts for details.

In late trade after gap fill meeting strong R at 4700. Shorting the pushback; IMO we topped today.

GLTA!

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Closed out flat on weakness early Mon AM, might pump again into the PM trade IMO, Tues might get stupid bully again? Pure guesswork atm