Magna Trades

Unbiased Technical Trader. NFA. Thank you for any donations.
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[Magna Trades @MagnaTrades]

Just FYI the reason I swung calls over the weekend is because the sell was formatted as a typical "take profit" sell. VIX was lying.

Bulls get scared of downside which causes the VIX spike because they don't know what they are doing.

Next pump is "no seller" pump.

[Magna Trades @MagnaTrades]

For those saying $SPCX rug pull will be glorious...we still waiting on $TSLA bro 😂...

Do I believe the valuation is silly? Absolutely. The result of modern investor behavior of hoarding and never selling anything. Which is made worse by banks incentivizing this behavior (incentives explain behavior). $CAR cant even get back below its artificial squeeze levels 🤣.

The whole stock market is in a bubble bro. No need to hate on @elonmusk. Economy will catch up to the stock market, which is why an IPO right now is exactly the move.

[Magna Trades @MagnaTrades]

Sorry stupid Mr. Market, your low volume tricks won't work anymore.

Clever the first time.

[Magna Trades @MagnaTrades]

@Mr_Derivatives Last time you called for bears we dropped 10% 😭

[Magna Trades @MagnaTrades]

Whoops!

[Jake Wujastyk @Jake__Wujastyk]

$MSFT #MSFT Extremely clean inverse head and shoulders forming on the intraday chart.

[Magna Trades @MagnaTrades]

Friendly reminder for the short-term memory challenged. $MSFT couldn't blast off because of this sell. This sell is most likely over.....

[Magna Trades @MagnaTrades]

First buy is real. Next sell wave is worse, but it will take a while from now imo. Eveyr short term sell is fake now. Bears took 30 days worth of food. Y'all do whatever you want bulls.

[Magna Trades @MagnaTrades]

From my experience this is how these waves go. The first bounce is fake. The second sell is real. The minor extension off the second sell is fake, the first buy is real, and every other sell is fake until the next sell wave.

[Magna Trades @MagnaTrades]

@Breadddman @The_BakeryHQ The pathetic bear attempt -> 30 days got wiped out in 5. Bears got paid. We don't need to get greedy😬

[Magna Trades @MagnaTrades]

Friendly reminder $IWM was down 5% peak to trough - they sold it, even though, all the companies cured cancer.

[Magna Trades @MagnaTrades]

@varuntakkar01 Yeah, it's going to keep giving bears free money.

If it didn't apply the other way around, don't expect it to apply here.

[Magna Trades @MagnaTrades]

Below Tuesday low we die for a while. Tomorrow is the day we find out. Don't care about the direction.

[Magna Trades @MagnaTrades]

Don't expect a market that broke all the rules up to follow the rules down.

I'm not bearish or bullish for tomorrow. I don't personally care. Bear hate evaporated from the platform since Friday.

[Magna Trades @MagnaTrades]

He called for bears. We answered. This sell-off is on @Mr_Derivatives

[Heisenberg @Mr_Derivatives]

$SPX I can only move the lines so many times bears...

Do something.

[Magna Trades @MagnaTrades]

Price closed where it needed to be. Center of the broadening channel. I like what I see to the left. Selling and buying channels were extremely clean.

Looks like they want a neutral appearance into CPI. I think above 713 is bullish $QQQ

[Magna Trades @MagnaTrades]

Remember we are close to a singular fib pullback, its not the biggest discount in the grand scheme of things.

I am leaning bearish into bullish targets but we can talk about big selling in about another 90 days. I think a set of downside and upside testing is in the works.

[MANDO TRADING @MandoTrading]

HUGE fumble by the bulls…

$SPY $NQ

[Magna Trades @MagnaTrades]

I tried to long the falling wedge break out shortly above .5 fib of the range. Instead we ran back into the wedge and traded below not only .5 fib of the range but not even near .5 of Fridays range.

Technicals lean bearish.

[Magna Trades @MagnaTrades]

Every bull who couldn't see the drop is predicting the bottom. Clownshow. $SPY $QQQ

[Magna Trades @MagnaTrades]

@ValarMorghuliz9

[Magna Trades @MagnaTrades]

Bears are dead posts went away real quick huh? Almost like they were always there and dropped $QQQ 5% on a regular ass day with no manipulation.

8 weeks of talking shit and all of a sudden I can't see a bear hate tweet for the life of me.

[Magna Trades @MagnaTrades]

From my experience this is how these waves go. The first bounce is fake. The second sell is real. The minor extension off the second sell is fake, the first buy is real, and every other sell is fake until the next sell wave.