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topher06
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This seems to be completely on lock by the bears, with the only hope being shorts taking risk off before AH earnings. Bears have basically drawn a flat line down today, with the exception of the coordinated bombing at 1:10pm
Charismatic Megafauna
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AG
Grabbed a crwd june2 130c to sell if it gets an earnings run up
Brewmaster
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EngrAg14 said:

It 406 goes then I expect we see gap gill at 401, which we may as well go hit 396.5 gap as well
agree. I think Mancini has a 4088 level though as strong support, that's just below 406.

and when it fails, your 396 ish gap is roughly the breakout spot when this rally got going. So good spot to return to.
topher06
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This little 407.10-.15 block has been impossible for the bulls to take out.
FJ43
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Place your bets….

Gap down tomorrow?
Bounce and run?

Do we see 414 first?
Do we see 400 first?
FTAG 2000
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FJ43 said:

Place your bets….

Gap down tomorrow?
Bounce and run?

Do we see 414 first?
Do we see 400 first?

Going to have to re-test 408.50ish I would think. From there?

fightintxag13
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FJ43 said:

Place your bets….

Gap down tomorrow?
Bounce and run?

Do we see 414 first?
Do we see 400 first?
Gap down on bad earnings from MSFT and GOOGL. 400 first.

But I'm an idiot so take that for what it's worth.
Brian Earl Spilner
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Just waiting on GOOGL below $100 again to go long.
topher06
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They got that little run up under control quick. Today is reminiscent of the inflation crash, straight down with no relief runs.
Brewmaster
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FJ43 said:

Place your bets….

Gap down tomorrow?
Bounce and run?

Do we see 414 first?
Do we see 400 first?
400 ish easy. This type of action usually ends up as a multi day move.
M4 Benelli
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I entered positions in AMD, AEHR, and BBW. So based off that, the macro chart will dive off a sheer cliff to spite me.

topher06
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probably get a little covering in advance of MSFT/ Google.

EDIT: I'm an idiot. Just more puking.
Whitehouse Road
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Goodness those candles on MSFT and GOOGL
fightintxag13
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fightintxag13 said:

FJ43 said:

Place your bets….

Gap down tomorrow?
Bounce and run?

Do we see 414 first?
Do we see 400 first?
Gap down on bad earnings from MSFT and GOOGL. 400 first.

But I'm an idiot so take that for what it's worth.
Well I got one part right.
Brian Earl Spilner
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Brian Earl Spilner said:

Just waiting on GOOGL below $100 again to go long.
Well that did not happen.
gougler08
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GOOGL and MSFT beats could see this ship get righted as soon as tomorrow, especially if AMZN follows suit
oldarmy1
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So indeed, down we went and all the put buys banked big returns.

Markets weren't the only thing painful for bulls today.

gougler08
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oldarmy1 said:

So indeed, down we went and all the put buys banked big returns.

Markets weren't the only thing painful for bulls today.


**** that
Boy Named Sue
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Fishing hook or nail?
oldarmy1
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Fish hook. And the fish was still on. Had to cut the line and pull the eyelet through the fish's jaw.
Charismatic Megafauna
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Ouch! My dad decided to attach himself to a big pissed off jack crevalle in the same manner once.
Bird Poo
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Been there done that. Pushing through the barb is like pushing a hook through saddle leather, Skin is incredibly tough to poke through.
Boy Named Sue
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Yeah I did the same thing a few years ago. Wife was pissed because she was catching fish on that Rat-L-Trap. Then she insisted I had to go to the ER for it. On the way, I came to my senses and told her to pull over so I could pee. Instead of doing that, I forced it through, cut the barb end off, pulled it out, got back in the truck and told her to go back home. Women
FJ43
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FJ43 said:

Meme play but set some alerts on VINE.

Downside .37 and upside .62 then .88


This moved from .45 to .57+

Not sure if anyone played it. Watch for continuation.


spud1910
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oldarmy1 said:

Fish hook. And the fish was still on. Had to cut the line and pull the eyelet through the fish's jaw.
I'm another one. #3 hook fishing for pompano in Destin.
FTAG 2000
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oldarmy1 said:

Fish hook. And the fish was still on. Had to cut the line and pull the eyelet through the fish's jaw.

Until it imbeds in your calf or heel you haven't lived.

(yes I've done both)

Side note, F the pain. The real fun is spearfishing in the Gulf off of oil rigs, having a stringer of fish about four feet away from you (free diving), and having a shark come up and take the whole damn string - and you for a ride bouncing you off all the pipes on the rig.

It took me years to get all of the barnacles out of my fins and wetsuit.

Farmer @ Johnsongrass, TX
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- API numbers this afternoon. Were bullish.
- EIA numbers at 1030 wednesday. Oil traders waiting til tomorrow for some confirmation, but WTI is up a little this evening. (Theyll be bullish numbers)
- Your XOM position should improve nicely tomorrow.
FJ43
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Farmer @ Johnsongrass, TX said:

- API numbers this afternoon. Were bullish.
- EIA numbers at 1030 wednesday. Oil traders waiting til tomorrow for some confirmation, but WTI is up a little this evening. (Theyll be bullish numbers)
- Your XOM position should improve nicely tomorrow.


Let's go!
FJ43
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Watch 408.76 then 409.12ish to the upside for confirmation or rejection.

Outside of a bounce I'm downside biased at the moment. But trade what's in front of you.

Target 1 to upside and target 2 to downside


Boy Named Sue
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If we go up as pre-market seems to indicate, am I wrong to look at 410.5 as a target? Isn't that the rough MT between 4/20 high and yesterday low? I do see 408.76 and 409.10 as keys along the way
BaylorSpineGuy
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Boy Named Sue said:

If we go up as pre-market seems to indicate, am I wrong to look at 410.5 as a target? Isn't that the rough MT between 4/20 high and yesterday low? I do see 408.76 and 409.10 as keys along the way


Yes but Model T presumes a bottom has been put in. New lows made overnight and about to be retested it looks.
Boy Named Sue
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Yeah I was saying if it confirms reversal up. I have to think techs carry SPX up today. We'll see.

Holding 406 will be key, I think
FJ43
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Boy Named Sue said:

If we go up as pre-market seems to indicate, am I wrong to look at 410.5 as a target? Isn't that the rough MT between 4/20 high and yesterday low? I do see 408.76 and 409.10 as keys along the way


What Baylor said.

Watch MT of yesterdays full range and the 21EMA for rejection. Needs to confirm those first. Could get sucked in.

Unless you're Doc Holiday with the scalp

Gold line is MT of yesterdays full range. Yellow EMA is the 21.


Philip J Fry
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The SPX MACD is pretty strongly bearish on the 3 and 6 month. Careful.
FTAG 2000
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Do y'all cash out your 401k positions ahead of things like go away in May? Or keep and average down?

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