I think it's finally time for the short to play out.
We've hit all key levels across many of the charts I'm watching and
SPY
hit an upper trend line (not pictured) on my other charts.
I think the next move from here is a 25-36% move from these highs.
If you look at DXY, TLT and HYG they're already starting to show warnings. I've never been a believer that we're going to $800 on this move like many other people are posting about on X.
I've largely had a short bias from Jan-March, flipped bullish at the end of March and I posted today that I exited all of my longs.
Let's see if this final move plays out. This will be the best dip buy of the next decade if you have the cash to buy it, and it plays out.
We've hit all key levels across many of the charts I'm watching and
SPY
hit an upper trend line (not pictured) on my other charts.
I think the next move from here is a 25-36% move from these highs.
If you look at DXY, TLT and HYG they're already starting to show warnings. I've never been a believer that we're going to $800 on this move like many other people are posting about on X.
I've largely had a short bias from Jan-March, flipped bullish at the end of March and I posted today that I exited all of my longs.
Let's see if this final move plays out. This will be the best dip buy of the next decade if you have the cash to buy it, and it plays out.
Anmerkung
Possible we see one more sweep of the highs tomorrow. If we get it, target would be $752Anmerkung
Okay that looks like it was it actually. If we hold here, we have a lower high setup.Anmerkung
Okay ended up tagging $752 this morning. Added to puts up here. Now waiting for a pullback. I don't think we crash all in one go, I think it's likely that we see a 5-10% pullback over the next few weeks, bounce into late June early-mid July and then see the final capitulation by the last pivot in August.
So if we see a short term pullback, I'll likely fully exit my June/July UVIX options and flip long certain equities into June/July and reposition UVIX for August expiration.
That's roughly the plan of action.
Anmerkung
Okay market starting to look weaker here. I'm starting to add vol exposure back.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.