Submitted by Who_Shit_In_My_Pants t3_10m39y8 in wallstreetbets
Comments
Several_Carpenter_56 t1_j60sag0 wrote
You forget about theta around the corner waiting to fuck them both
umad-falala t1_j60su13 wrote
I never forget theta, my one true love.
Reefer150G t1_j61mr9y wrote
No shit. Play both angles and profit both ways. I love the jokers who use TA also. Like that means a fucking thing.
yao97ming t1_j614yxg wrote
Human nature is competitive
VisualMod t1_j60mlsg wrote
It looks like the SPY is up today. I'm not surprised, considering how smart and rich I am.
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Fantastic_Mongoose_4 t1_j60n8me wrote
I believe "delusion" is the right word. Bulls delusions at all time high.
Robincapitalists t1_j60u2ga wrote
It's going above, but it's probably sideways. And eventually, later this year, when it becomes obvious consumers are tapped, inflation isn't at 2%, and the Fed is not cutting rates, the hopium exhausts.
Invest0rnoob1 t1_j62v1kz wrote
They're changing how inflation is read to get it to 2%.
bullturnedgaybear t1_j62idt5 wrote
TSLA being able to cut prices when inflation is this hot is the most bullish thing I’ve seen in a long time.
ProjectENIS t1_j6172km wrote
Dude, you redrew the trendline. Today was a clear breakout.
That said, I'm bearish. I'm expecting volume to pick up now, probably higher volume and higher prices till we come to a blow off top near the Aug peak of spy 426-ish. I'll be buying puts and add more to my portfolio as we over-extend upwards.
I'm seeing a dip followed by a mega rally after the Feb 1st fomc, leading into that blow off top. That said, if it's 25bps and a dovish jpow, we rally right then into the blow off top. Either way, next week will be an exciting one; I can roll my existing puts if it's 50bps/25 and a hawkish jpow or double down if it's 25bps and a dovish jpow.
Invalidation of my thesis would be 50bps and a continued rally closing the week green (invalidation towards the upside) or 25bps + dovish tone and a dump closing the week red (invalidation toward the 200 day moving average).
Who_Shit_In_My_Pants OP t1_j61gqf5 wrote
Trend is set from peaks from Jan and Apr ‘22. Highest close from each peak.
embrioticphlegm t1_j61o3hi wrote
Missed a couple peaks in that case brother
Invest0rnoob1 t1_j62v9mm wrote
Just redraw the lines till you get the outcome you want lol.
Muggrohh t1_j61sywh wrote
This is the guy who yolod puts in his Roth account. Bro ur puts are fucked. You blew up your Roth account. Markets going upppppp
Don_Kedick994 t1_j61yny0 wrote
Username checks out
mehhhhhhhhhhhhhhhhhh t1_j62c4pp wrote
Oh cool, just keep angling that trendline up a lil bit every day. Doesn't matter that it's barely touching anything any more.
Salty_Pretzel1 t1_j60swnu wrote
ah yes, a perfectly unbiased trendline
isucktrading t1_j60tdr2 wrote
SPY going to 444.76
VisualMod t1_j60ml3b wrote
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Richard_Snatch t1_j61orgc wrote
I hope it runs into next week so J Pow has to stomp it down.
Garweft t1_j61sluj wrote
Like a turd in the shower
Informal_Telephone71 t1_j61we6c wrote
We will find out Feb 1st👍🏼
Diligent-Race9204 t1_j62jbzh wrote
You trend lines a little off
CrackCody t1_j62z60c wrote
I'm beat up, but I'm here
MorningPitiful842 t1_j6329vs wrote
For me it is just impossible to short the stocks. My brain just can not compute that red is good 😂 I have tried and failed.
Dothemath2 t1_j64unfv wrote
I am realizing what diamond hands mean and it’s excruciating. Is the market irrational yet? LCID and btc and tsla going up in a parabolic spike?
umad-falala t1_j60p35k wrote
I love it when people talk about the stock market as if it were some big battle between bulls and bears. It’s so silly.