Your video this weekend 5/26 was my all time favorite so far. I actually laughed out loud and my wife wanted to know what I was watching! Perfect REAL evidence how not to follow the crowd…
I’m betting on a bear trap even though I believe the top of the bull market is near but the high hasn’t been locked in yet. The 18928 level on NQ is a dead giveaway that it’s a bear trap. Support turned into a resistance crap that worked so nicely today. They put the retail in and gunned it down. Looks very fake to me. Retail crowd wouldn’t receive a such a gift if the top of the bull market was locked in.
There was some kind of automated selling program for 2,3 or 4 30 minute blocks of time on the Spx/es. I suspect it was planned to end before 5250 on the spx, or it was an amazing coincidence. Tier 1 has been pretty clear 5250-5350 is really likely to be the range. There are a lot of options at that strike and hedging. It was the perfect day to catch unhedged participants racing for protection. Everyone bullish, super low volatility and cheap put options, and mostly no one hedged.
Yea a lot of interesting things are happening to SP,NQ and Gold lately. I have a contrarian technical trading strategy algo that’s operating on 1 min and 5 min charts and it is getting smoked in the last few weeks. Stops are being guarded both ways long and short, especially long. It’s been working for years but it stopped working. Things are about to get very interesting in the markets soon.
Your video this weekend 5/26 was my all time favorite so far. I actually laughed out loud and my wife wanted to know what I was watching! Perfect REAL evidence how not to follow the crowd…
I’m betting on a bear trap even though I believe the top of the bull market is near but the high hasn’t been locked in yet. The 18928 level on NQ is a dead giveaway that it’s a bear trap. Support turned into a resistance crap that worked so nicely today. They put the retail in and gunned it down. Looks very fake to me. Retail crowd wouldn’t receive a such a gift if the top of the bull market was locked in.
There was some kind of automated selling program for 2,3 or 4 30 minute blocks of time on the Spx/es. I suspect it was planned to end before 5250 on the spx, or it was an amazing coincidence. Tier 1 has been pretty clear 5250-5350 is really likely to be the range. There are a lot of options at that strike and hedging. It was the perfect day to catch unhedged participants racing for protection. Everyone bullish, super low volatility and cheap put options, and mostly no one hedged.
Yea a lot of interesting things are happening to SP,NQ and Gold lately. I have a contrarian technical trading strategy algo that’s operating on 1 min and 5 min charts and it is getting smoked in the last few weeks. Stops are being guarded both ways long and short, especially long. It’s been working for years but it stopped working. Things are about to get very interesting in the markets soon.
Yup! Holy moly, today sucked.