Your technical analysis all very sound. Though I do think the weekly has a lot of room to fall and when we finally get the real deal correction, a lot of these metrics will get more oversold than we have seen in a long long time

Yea 1400 shares and calls. Guess we see what happens

Thank you Citrati

Ty. Cheers to a fail just one time! Would be cool to actually have a real correction. Not these 2% nada bounces

What level do you have as the violation of that line?

There is something weird here specifically. Someone is propping it up. One day there will be a liquidation event

$20 B market cap for $89 M in revenue

Holding well here. Would be great to see some data soon or an update from Brazil

$PDSB

It’s insane

I wouldn’t count on it

More vix crush garbage. Getting old. Big pop soon

Yep

It’s coming

Massive scam here. This will be down 50% out of the blue one day

No words lol. Hope you’ve been well NW2

Yep, look at that candle pattern last 4 days. Same as may and February before 60%+ moves

Well said

Fake numbers for the fake economy. We are barely above the CCP with this data

Agree on who knows whether it’s top or not, but without doubt this will go down as the most overpriced market in history. Forget all the zombie companies that went stupid last year into February 2021, was just OTC and small cap mania. But the style of blow off moves we are seeing on companies like Upst, Asan, mrna, Amd, etc. these are not normal moves. The dot com bubble was at least primarily localized to a massively overvalued sector, but now? What isn’t ridiculous. I mean paying 46x earnings for Nike? Lol

Wow this is the largest gap on spy sold red in a long time. Next week could be fun

$UVXY

This right here is one of the reasons I’m giving uvxy A LOT of room to work. I’d let my position go as low as $17 because I think we get 100%+ move in next 4 weeks or sooner

Yep, and now more are stuck. Call sweeps forcing dealer buying as well. This pattern is the same as Sprt, nuro, vrpx, etc. end of day should be fun

$14+ gapper?

Just getting started. This may have a CLOV moment

The setup is here. This is the highest probability short we’ve had in 2021. If pattern holds we should see cracks this week leading into major downside next week

Problem is without normal interest rates, you may stimulate borrowing but you do not stimulate lending. Banks are as tight as they were in 2010. Tons of excess liquidity just sitting at the bank level and being parked back in reverse repo overnight. One of many reasons we are likely to see deflation before inflation.

Yes agree, though ultimately they will rug pull all retail and use the correction as a reason why they don’t need to taper i.e. an effective taper via asset deflation

Yes tech has single handedly held up markets for over a year. What’s interesting is dark pools have been selling Tsla, Aapl and amzn relentlessly

Agree. If the pattern I’m watching plays out, we should see a drop Tuesday that is mostly recovered and then the real decline beginning Wednesday or Thursday.

Yes basically tells us all we are in a massive bubble but where it pops is anyone’s guess. Easy to lose on puts months after months

Agree. Internal indicators are showing a lot of weakness

Smart, though I wonder with it becoming so obvious (pointed out in a Zerohedge article today), if the agenda is different for September

We are very close

That’s what I like to hear!

We are very close, IMO. These micro range dojis at the top spy is putting in is incredibly reminiscent of Feb 2020

Wonder if someone has some inside info on the trials. Buyer in the tape for
8 straight days

Agree. Haven’t seen anything like this since 2000. Fed won’t let it crash but I think we get a very nice pullback any day. Good luck my friend!

Added and spy puts for 10/1

These valuations are stupid lol what is this market. $13B market cap on $89 M revenue lmao

Took more calls, this time $19 C for 9/24. Added more equity in $21 as well. This will be the month