



Me hating and staring at this damn chop fest for the past two months.
Moe
1.2K posts

@theboredanalyst
Charts, macro, and opinions. Fade freely - someone has to be my liquidity. Not advice.




Me hating and staring at this damn chop fest for the past two months.




TGIF! $SPY $QQQ Looking for market to move higher today, not expecting it to clear the gap from yesterday but we will tap it at least. It is opex, so should be either choppy or rip. We should hold the low from yesterday as support, and even the ovn lows. Next week is armageddon - Trump war escalation, FOMC meeting Wednesday, MSFT AAPL META AMZN reporting Wednesday / Thursday, and month ending. Watch us rip into ATH to end July. That would be enraging. Fyi, gaps can be resistance or sliced through like butter, so be aware. Good luck!




BREAKING: Iran is preparing to expand the war significantly as soon as Trump carries out his announced Iranian infrastructure strikes in the coming days, including by striking Tel Aviv directly and instructing the Houthis to fully close Bab el-Mandab to all ships, per two Iranian officials to NYT.



Took the L on the chin. I was giga long. Took a long walk, regrouped and let's make it back turbo. Watch this thing close right at 740. That would be infuriating. Unless 700 breaks, I'm bullish this market for new ATH. Will have my gofundme link up soon. Thanks.

BREAKING: Trump announces the US is about to carry out a massive attack on Iran "way bigger than Operation Epic Fury and bigger than any attack ever carried out before," saying "we are all set for it," and are "close to making a decision," Trump tells Axios. This comes as Israel have been placed on maximum alert with numerous anti-missile shelters opening in Israel today, including the suburbs of Tel Aviv. Trump also says Iranians "haven't received enough pain yet" and claims they "want to negotiate" but are not ready to make a deal, contradicting Iran's comprehensive no-negotiations with the US doctrine reaffirmed by Ghalibaf, Gharibabadi, Marandi, and Baghaei this week.


GM. $SPY $QQQ Well the market decided to shit the bed, and retest support again. Could be a possible bear trap, and just rip out when it opens. This chop of the past two months has been brutal on some. Ngl, went long before the close thinking we'll break the 750 level on SPY either today or tomorrow. Feel a bear trap setting up, so I'll be looking to play the alongside this morning. Remember to stay flexible. Goodluck.

JUST IN: 187,000 people filed for unemployment this past week, below expectations of 210,000




