Summit Trading

trader of futures, equities and options using various methods including market profile since before the algo's and Fed took control

[Summit Trading @Summit_Trading]

@jedimarkus77 🤡🤡🤡

[Summit Trading @Summit_Trading]

@jedimarkus77 very nice memory, lets keep risen!

[Summit Trading @Summit_Trading]

@NorthmanTrader seems in the past, the $BTC break happens about six weeks or more before $SPX, so, lets see what happens in December

[Summit Trading @Summit_Trading]

interesting start for August, coming into July low... immediately

$SPX $SPY $QQQ #ES_F #NQ_F

[Summit Trading @Summit_Trading]

look like $SPX could be approaching the potential local top for at least the summer just under 6400 @HenrikZeberg

[Summit Trading @Summit_Trading]

@Mr_Derivatives and that's why I shorted it on Feb 13

[Summit Trading @Summit_Trading]

@HenrikZeberg seems that the longer it takes to make the blow off happen, the higher the target needs to be unless there is some other failure in the mean time. looks like the thrashing back and forth over the past two months has contributed to that extension higher.

[Summit Trading @Summit_Trading]

@jedimarkus77 @bespokeinvest nice, that's true; lemmings usually don't see what's really coming even if there is some data is pointing to an inversion move (of up or down)

[Summit Trading @Summit_Trading]

I am sure you already saw this @HenrikZeberg , the critical credit spread just made new high of year ... increasing recession forecast

[Summit Trading @Summit_Trading]

@Texas_jeep__guy I'd be surprised if the rich don't keep getting richer then, but would be a nice change to balance things out

[Summit Trading @Summit_Trading]

@RampCapitalLLC Is Grok writing your posts for you now?

[Summit Trading @Summit_Trading]

@jedimarkus77 yeah, I expecting something like that - but likely bigger. most expensive ratio that many of these stocks have ever been ; based on expectation of policy resets. not sure of the timing, but there has to be some flopping back and forth at some point ; like beginning of August

[Summit Trading @Summit_Trading]

@jedimarkus77 what happens in the near term future is going to be very interesting ; most expect new ATH's for a bit ; all because of MAG7 lifts - while the rest of the stocks are already selling off. perhaps they all do an EOY bounce to deliver that ; then we have to deal with 2025 reality

[Summit Trading @Summit_Trading]

@NorthmanTrader ummm, odd statement from one of the most primary deficit producers

[Summit Trading @Summit_Trading]

@jedimarkus77 yes, but problem is with the volatility and volume so low since Thanksgiving, it is very tough to 'trade', and if you 'invest' instead - risk is ...

[Summit Trading @Summit_Trading]

@CyclesWithBach @HenrikZeberg the current move seems to be #CrawlUPtop instead of #BlowOffTop ; we'll see if the results are the same ...

[Summit Trading @Summit_Trading]

@adamtaggart @HenrikZeberg we all should be on alert with the potential credit spread issue that @HenrikZeberg is focusing on that can warn of the beginning of the recession. the current move is similar to the 1980's and a little higher off zero has always been a recession.

[Summit Trading @Summit_Trading]

@adamtaggart @HenrikZeberg we all should be on alert with the potential credit spread issue that @HenrikZeberg is focusing on that can warn of the beginning of the recession. the current move is similar to the 1980's and a little higher off zero has always been a recession.

[Summit Trading @Summit_Trading]

@HenrikZeberg lots of good information and charts for Thanksgiving, thank you!