triplexXx
22.2K posts
@gutsareon
picking tops and bottoms is a sport not a strategy
#NQ_F talking about "signals" if u are looking for a counter trend signal either - in this case - to go short or exit longs u sld look for aggressive sellers at the highs! at least u know u prob have ppl there who excute a countertrend trade not for the first time
@MichaelPatak Celebrating 4 years of learning with @Topstep My bday is May 31st, hook a brotha up wit a lil bday gift (free banked reset on current 50k no activation fee dll eval) 😇🫡
Tech layoffs are skyrocketing: Tech companies announced 81,747 layoffs in Q1 2026, the highest quarterly total since at least Q1 2024. Layoffs have more than DOUBLED from the previous quarter and have risen +580% since Q4 2025. March alone saw 45,800 announced job cuts, the worst single month for tech layoffs in at least 2 years. Tech layoffs are set to remain elevated with Meta's, $META, recent plans to cut ~8,000 employees. Furthermore, Microsoft, $MSFT, is offering voluntary retirement to ~7% of its US workforce, which could transition into layoffs if participation is low. This comes as tech giants shift spending toward AI chips and data centers, trimming staff to free up capital for infrastructure. US tech employment is rapidly contracting.
#NQ_F btw pls keep in mind that yes these speed bumps technically are "absorptions"...BUT they are not signals to go long! they just absorb part of the flow at that price level...the ppl sitting on the bid there absorbing are a mix of shorts taking profit as well as new longs
#NQ_F u can easy spot how these aggressive sellers where blocked at the lows...they had massive speed bumps in their way sld at least be a warning sign if u think short in this context
Topstep is dying.
