Could what we thought we knew about #FossilFuels be wrong? I just got a free copy of Fossil Future by @AlexEpstein from @yaf. Get your free book here: https://t.co/yyAL8KYBJ3
Kicking myself on this trade from December. I systematically laid out an entry for SOXL at $9.60 to play a bounce to $16+ on the rally. It has now traded to $20. At the same time I had the NVDA bottom at $153. Lessons learned. Again. Need to be more patient.
I see $SPX to 3900 within the next week. Aligns with debt ceiling deadline. I could see them saving it there on news of a deal, only to sell it much lower shortly after. Ultimate fuckery. Nvda move was crazy, shows volatility is back, but remember, volatility goes both ways.
At first the sell is slow, then all of a sudden. Just like tipping over a vending machine. Build up that momentum rocking back and forth, then boom! Market dead. $spy $es $spx $qqq
This price action is meant to lull you to sleep. Then, when you least expect it, you get the big one. Like the saying “first it sells slow, then all of a sudden”. I think we are in the sell slow phase. Admittedly, my timing was off, as I predicted this last week. $es