Open Ocean Sky 🌊✨

Trader since 2019. My tweets are my opinions, NFA. USCG member. Doing my best to support my family. Investing towards financial freedom.

[Jake Wujastyk @Jake__Wujastyk]

$BABA #BABA

I just ran the numbers, and this is the most oversold the 20 period RSI (essentially a one month look back) has ever been in the history of the stock. The only other 3 times the RSI came close to being this oversold was in August 2021, December 2021, and March 2021.

These are the two-day returns after the RSI bottomed:

August 2021: 10.25% in 2 days
December 2021: 15.62% in 2 days
March 2022: 37.75% in 1 day

[Open Ocean Sky 🌊✨ @OpenOceanSky9]

@Errecck Are you also planning to open an options positions for Oct ($125) or maybe Jun 2027 ($140) later this morning?

[Sean trades @SRxTrades]

This is not a setup I focus on much

BUT

$MSFT is setting up for an overextension reversal in the coming sessions

That doesn't mean its going to start a new uptrend.. but we should at least see a snapback into the EMA's shortly

When stocks get deviated from the mean... a snapback into the moving averages can occur

Late shorts getting trapped
Early longs throwing in the towel

Perfect setup for an aggressive tradeable bounce

The spot to watch is the march lows

Undercut and reclaim of that level sets up for a rubber band move.

[Tradable Astronaut @TradableAstro]

$SPY closed at $734 today. Looks calm.
The data underneath it doesn't.

Dealer positioning has $740 as a hard ceiling $333M of GEX sitting right there.
Every rally into that level gets sold by dealer hedging.

Below spot, $730 is -$414M. Negative gamma means dealers chase moves lower, not fade them.
The charm anchor is pinning at $730 with -$19.99B net CEX.

Global liquidity flipped to HEDGE regime today.
Weekly delta -1.231. Decreasing liquidity daily.
The macro backdrop is not improving.

The wedge on the daily is compressing.
$728 is the first real support.
$710 below that.

Until $750 is reclaimed, the path of least resistance stays down.

[Open Ocean Sky 🌊✨ @OpenOceanSky9]

@Errecck You buy em this morning then? You see this continuing to fall? It looks like the mid 80s would be diagonal trendline support, yeah?

[Manifest_Lord @Manifest_Lord]

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[Open Ocean Sky 🌊✨ @OpenOceanSky9]

@Errecck Are you thinking they are positive with a good indicator of bullish seasonality into mid July?

[The Cycle Desk @TheCyclesDesk]

Looking to fade this technical bounce off implied lows. 10Y off 9bps, precious metals slammed and $DXY up., Not exactly screaming risk on.

[SentimenTrader @sentimentrader]

A lot of stocks are not joining the party.

The S&P 500 version of this signal flashed days ago. Now the NYSE version just triggered too.
When this happens within 21 days of a 252-day high, the S&P 500 was higher one month later only 16% of the time. Average return was a loss of 2.8%.

The last signal was February 2, 2026. The S&P 500 lost more than 7% over the following two months.

Read full analysis: https://t.co/TSJ9dMDt60

[Open Ocean Sky 🌊✨ @OpenOceanSky9]

@TheCyclesDesk Understood, thanks!

[Open Ocean Sky 🌊✨ @OpenOceanSky9]

@TheCyclesDesk I’m considering Sep $120 calls

[Tradable Astronaut @TradableAstro]

I have been doing pretty well in catching regime shifts within the market $SPY

I wish I had better news.

We're still in the ugly window here's everything the data is showing right now🧵

[Open Ocean Sky 🌊✨ @OpenOceanSky9]

@Errecck @hoverhoverburn Just asking your opinion. I have options. Thanks for your thoughts

[Open Ocean Sky 🌊✨ @OpenOceanSky9]

@Errecck Not quite. Just asking a simple question on your thoughts about the time frame of this playing out. I value your opinion.