Montenegro Tours

BTC/ETH maxi, silent investor/trader of options, futes, perps.

[Montenegro Tours @montenegrotours]

SPX similarly to BTC, expect downtrend to end mid December with a strong rally lasting into Q1 of 2026. Supports could be anywhere from 6300 -6200 and then strong rally into 7100

[Montenegro Tours @montenegrotours]

Well well well. Here we are BTC at 84K. Still think we head lower into December at which point could be a nice swing long trade into late Jan/Feb
#BTC
I would expect a temp low to form next week prior to TG then bigger drop into mid Dec. Likely down into 72-75K region

[Montenegro Tours @montenegrotours]

SPY 671.8 target and that would be it. As long as we keep doing V recoveries bears don't have a shot. There has to be bearish market structure (similar to BTC) to consider deeper poolbacks.

[Montenegro Tours @montenegrotours]

Well what to say, bears lost again. Hard to be a bear as SPX makes ATHs all the time. Looking for backtest of breakout and probably long at that point.

[Montenegro Tours @montenegrotours]

Target would be 200 pts lower on confirmed breakdown from this triangle

[Montenegro Tours @montenegrotours]

SPX daily. Closed just under slim ribbon and solf sell confirmed. Weekly however is still healthy so bulls can still pull this forward but seeing a lot of sells today and VIX crush makes me think next week we break down

[Montenegro Tours @montenegrotours]

@KillaXBT @CruiZe427 That matches my descending triangle target of 94k as well. Lots of confluence down there

[Montenegro Tours @montenegrotours]

Choppy hence why I do not play 0DTE

[Montenegro Tours @montenegrotours]

Picked up some Nov puts to hold as a starter position add on spikes up

[Montenegro Tours @montenegrotours]

Yeah out they go, again longing is not recommended

[Montenegro Tours @montenegrotours]

Trying 10/22 660 calls

[Montenegro Tours @montenegrotours]

Should continue to push now

[Montenegro Tours @montenegrotours]

Small position as it is contra trend and stops below days lows

[Montenegro Tours @montenegrotours]

Target would 665 spy so 40 or so pts

[Montenegro Tours @montenegrotours]

Will look at open but I may go scalp long calls today for a quickie

[Montenegro Tours @montenegrotours]

Again notice the relative weakness of BTC vs SPX. SPX now nearly unchanged from yesterday yet BTC is down 2k

[Montenegro Tours @montenegrotours]

A bit more and I open shorts and SPY puts

[Montenegro Tours @montenegrotours]

Here comes the cavalry but expect them to fail. Give them time to squeeze late shorts today being Opex

[Montenegro Tours @montenegrotours]

BTC just tagged W34SMA and bounced. Would expect the weekly to close above the SMA but next week we could see dip then bounce like the prior similar setup earlier this year