Options Trader | Day & Swing Trader | Medium & Long Term Investor
Technical Analysis | Price Action
Founder @JungleeTraders
NFA / Education purposes only
Intraday Cash Trade
Bought $FIG @20.96. After wedge BO and pre-market run, its back at yesterday's closing its back at same price for more buying opportunities.
Intraday Cash Trade
Bought $FIG @20.96. After wedge BO and pre-market run, its back at yesterday's closing its back at same price for more buying opportunities.
Intraday Cash Trade
Bought $FIG @20.96. After wedge BO and pre-market run, its back at yesterday's closing its back at same price for more buying opportunities.
Just for the sake of testing my post earnings strategy, I have shorted $MU at near today's day high of $1085. Very little risk and much to gain.
Bought very little qty.
Just for the sake of testing my post earnings strategy, I have shorted $MU at near today's day high of $1085. Very little risk and much to gain.
Bought very little qty.
$MU earnings coming up and seems like it will be a trigger for everyone to short AI stocks (unpopular opinion)
Everyone is expecting huge numbers from $MU, market has already priced in that vslue but MU hasn't moved much.
ππ΄ππ΄
Based on the old method
Core PCE : 3.4% vs est 3.4%, actual 3% based on new method
Headline PCE: 3.7% vs est 3.7%, actual posted 3.4%
For both the data looks like inflation as reduced, but forecasted on old method and actual on old method shows inflarion is persistent.
US inflation calculation went a drastic change, hence the lower inflation.
But the forecast was calculated based on old method and publishing lower data gives confidence in the market to manipulate retailers like us.
See Below for more data π
On weekly chart, structure is still bearish. This seems like a biggest shakeout before reversal.
If my called out strucutre fails, will respect it and exit all my puts.
Open Put:
$QQQ : March 15, 27
$NVDA : Jan 15, 27
Most likely today was the last day to buy calls.
$QQQ : 748 is ATH resistance, might reverse, if holds and break - a short up run expected.
$SPY: 778 resistance. If breaks then another small 3-5% run expected.
But bull trap is being created!
Most likely today was the last day to buy calls.
$QQQ : 748 is ATH resistance, might reverse, if holds and break - a short up run expected.
$SPY: 778 resistance. If breaks then another small 3-5% run expected.
But bull trap is being created!
Think so too fundamentally.
But looking at technical charts & volume doesn't look like retailers could do this!
It's just getting crazier..
More crazier the narket - more crazier and long would be the winter!
WINTER IS COMING!
$QQQ
$NVDA
$AMD
$META