Chartistry

I'm a simple man, I see the daily 4.236 fib extension get hit, I short. Swinging $IONQ 9/26 70P into tomorrow. This being 70+ tells you all you need to know about what phase of the bubble we're currently in.

$LLY, a beautiful case of the narrative lining up with technicals. Currently rejecting from the daily 21 EMA and the 8 hour 61.8% retrace, with a daily close below the rising uptrend. This is going back down hard. Swinging 8/29 680P overnight. TP1: 685 TP2: 671 TP3: 660

$MSTR with consecutive daily closes below the daily 200 MA for the first time since March of 2023. That's definitely weak. With the inside day today, I'm swinging 8/22 330P into tomorrow, but expecting further downside with $BTCUSD going 3x weekly down into the close today. TP1: 325 TP2: 315 TP3: 300

Yeah, I'm full short $RDDT seeing it reject off the 4.236 fib extension today with a stupidly overbought rsi on the daily. TP1: 230 TP2: 214 TP3: 200

Man, so many quiet BTFD bulls today. I wonder what happened? Something, something 61.8% retracement on $SPX ? $ES $NQ $NVDA $TSLA

Can't remember the last time $BABA held its gains on a Friday, and it is opex, but hard not to like the look of that daily chart.

I know this market is making a lot of people look like geniuses, but still you have to love it when a trade works out that beautifully. Thanks $SHOP. 💰

Keeping it simple. $SHOP closed well above daily resistance today. Looking for 123 and 125 next. 🛍️

Between the Bezos sells, the bearish options flow, Prime Day having been a non event stock wise the past few years, and way too many furus on the name...should have known to stay out of $AMZN in the interim.

$AMZN looking absolutely loaded heading into tomorrow. Would not pay much attention to the supposed Bezos sell wall. Excepting this thing to rocket to ~228 in the next few days.

OPENAI TAPS GOOGLE IN NEW CLOUD DEAL FOR MORE COMPUTE: RTRS

Teams up 14+ in the final 2:50 of a playoff fourth quarter or overtime (play-by-play era): 977-1* *Knicks vs. Pacers tonight

Morning Wisdom: You can either bitch about the market or play what's in front of you. Remember, there's always opportunity in chaos, especially if you know how to play both ways. $SPX $SPY $QQQ $AAPL $NVDA $AMZN $BTC

Bloomberg: credit default swaps rising at fastest pace since Lehman Buy more innit

The sheer amount of tweets I saw that went from gloating about bulls on parade at 4 pm est to calling the market rigged by 4:25 pm is absolutely fucking hilarious!! 😂😂

How I feel trying to tell people Saylor & $MSTR are bad for Bitcoin

SPY 8/21 week bear EMA cross triggering as well this week unless we see a big late week recovery, similar trigger was early Feb. 2022 and we did not bottom until Oct. 2022, always have to respect the price-action and breadth indicators

Your favorite furus were loading puts at the bottom this morning. We loaded $SPX 5820C @ 7.5. Thanks for playing.

Pssst, it's not magic. It's technical analysis (50% retrace off the lows and the overnight gap fill). Remember, 💸can be made in any direction. $SPX $QQQ $AAPL $NVDA $ES $NQ

Here's some TA for you guys.... $SPX $QQQ $NVDA $AAPL $BTC

Smelling like (at least) a short term bottom here on $SPX given the (relatively) weak sell to open. Think enough furus turned bearish last night...btd $QQQ $ES $NQ $NVDA $TSLA $AMZN $AAPL