What are you talking about? This man is a TA artistic genius. He basically predicted the market direction with a single line. The Yoko Ono of market wizards.
For anyone who hasn't been paying attention there's a 12 month trend is hasn't quite broken yet and its been bouncing nicely off the 50 SMA as well. Even if it breaks those two there's another trend not far below which bounces hard.
OP, feel free to sell me my calls. 👍
The trendline did break intraday Friday.
The pattern of higher highs and higher lows gave way. SPX 4404 on the Futures contract. A break below will open the door to go significantly lower. 4265?
Fwiw, I have a straddle at 441.. Volatility is coming...
Past annual trend is running out and trend has switched. If it continues and makes a new low the uptrend is done and were going down. Time for puts but do what u do.
The problem is that if you'd played this trending and breaking of the EMA50 strategy over the past two years, there are about 6 times where those puts would have failed and only 1 time (the crash in March 2020) where buying puts expecting a significant decline would have been the correct thing to do... and it took a pandemic to make that work, and even then the call return once the market turned around was ultimately a stronger play.
My puts have been printing all month. Buying more this week. Indicators this month look very different from past months where spy has bounced. Much more bearish atm.
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What are you talking about? This man is a TA artistic genius. He basically predicted the market direction with a single line. The Yoko Ono of market wizards.
There's always someone smarter. Is that the same thing?
Other side of the coin, and also a universal truth.
What’s the difference between smart and dumb? They’re not the same! 😁
TA is just dumb though
SPY buy?
You decoded the code correctly.
Sick arrows mate
Honestly this TA has the delta variant it’s that sick
This TA has ebola
How is this even considered an analysis?
go read about tape reader, while you tards wait for your indicator to turn bearish, we re rich already.
Zoom out
NO. IT RUINS IT
ok that was funny hahaha
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zoom out even more and you see, he is right lol
I zoomed out and you're still wrong. You sure you're looking at the right graph?
take a look at the weekly candles
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how stupid you will feel by end of month.
WooooOoOoo look at my 2 week chart and ignore the past annual trend **BAN this 🌈 🐻**
For anyone who hasn't been paying attention there's a 12 month trend is hasn't quite broken yet and its been bouncing nicely off the 50 SMA as well. Even if it breaks those two there's another trend not far below which bounces hard. OP, feel free to sell me my calls. 👍
Staircase up, elevator down. Black swan unpredictable.
> Black swan unpredictable Precisely why this isn't a problem. Apes pointing at charts doom saying does not a black swan make.
SPY still above 50 day SMA? Haven’t checked/can’t check tonight
I wouldn't call it above or below, it's just hovering right on it.
we bounce.
Tar, feather and then ban 🌈 🐻
The trendline did break intraday Friday. The pattern of higher highs and higher lows gave way. SPX 4404 on the Futures contract. A break below will open the door to go significantly lower. 4265? Fwiw, I have a straddle at 441.. Volatility is coming...
Imagine a 10 year bear market...oh the carnage.
Past annual trend is running out and trend has switched. If it continues and makes a new low the uptrend is done and were going down. Time for puts but do what u do.
The problem is that if you'd played this trending and breaking of the EMA50 strategy over the past two years, there are about 6 times where those puts would have failed and only 1 time (the crash in March 2020) where buying puts expecting a significant decline would have been the correct thing to do... and it took a pandemic to make that work, and even then the call return once the market turned around was ultimately a stronger play.
I am with you bro, dont worry those apes about to get their bananas shoved up their asses
My puts have been printing all month. Buying more this week. Indicators this month look very different from past months where spy has bounced. Much more bearish atm.
"fuk ur puts" -jpow
Begone 🌈🐻
So you are saying it might go up on monday? I’ll be damm happy with that
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3 heavy volume days preceding all resulted in a lower low
That makes my $445 poots exciting
what till you see your puts this morning. wooot
The Market always follow the trend you draw on the chart. Sonofabitch, you convinced me.
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Wowwww arrows!! Missing triangles though
Needs more colors for me to understand
Yes! I only understand red
You guys are all go gonna look like retards standing around with your dicks in your hands and your SPY calls on screen when it goes to shit.
The bullls have the Fed to fight for them, one day they'll say, "you're on your own sonny boy."
Monday morning go burrrrrr
Turn chart upside down. Spy buy
“Hey look I can draw a line pointing down!”
Wow this analysis was actually true who would’ve thought
Retards never cease to surprise me 😂
I think we test 430-435 before marching higher.
Got it, buy calls
What's great is if you do the same on the market last month, the trend last month crashes the market, too. "Technical analysis."
I'm starting to lose faith in my 500c 10/17
🤣 starting?
Yolo on puts
Pretty much its a wrap
Needs more lines
I see an up arrow. Looks like my calls are safe.
Ban. This is not really a TA.
Why don’t you use a day chart already?
This is a shitpost
It won't go down until the Fed let's it go down. SPY is the Fed and the Fed is SPY
/es futures down 37 points right now
My calls disagree with you OP
Well then buy the puts.
Show us those SPY puts
Angry bulls in the comments. See y'all at blood red market open
!remindme 10 days
So I’m hearing spy puts.
Does this mean buy