I can multi task in a meeting. couple charts for you guys.

1) MRNA is backtesting the 8. Have a tight stop, but I think this is a solid long if it doesn't majorly gap up.

FJ43 said:

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$30,000 Millionaire said:

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$30,000 Millionaire said:

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CrazyRichAggie said:

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so everyone still bullish...

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i'm not, but I could be wrong.

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you all should probably fade me. I feel like upside is limited, but the bid is relentless.

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I think about 430 on SPY is the top and we may can grind our way there.

FWIW its the long term upper line of this getting very tight wedge we are in. Mid to late July that wedge runs out.

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Might need to adjust that.

I just went back and redrew the upper long term trend line back to 2000 using to this years highs to lows to 2020 COVID lows.

Using 2000 - We tried to push through and were rejected. 425ish is top
Using 2007 426
Using 2018 - 430

Just rough charting but take your pick if long term trend lines mean anything or maybe I am missing something..

If you are bullish, you want to see a push through this resistance. I drew it early on a 5 min chart.

i'm on my laptop so i can't really zoom in, let me take a swing.

$30,000 Millionaire said:

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i'm on my laptop so i can't really zoom in, let me take a swing.

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I did it quick using TradingView and didn't get exact. But Don't think it is far off.

I didn't do Mancini's megaphone.

30k - Have you every seen anything flag above +3 ATR for 3-4 days?

ASAN is doing just that. I don't recall seeing that before.

not top of mind re: ASAN. Once volume disappears, it's over.

re: trend lines, here is what i think is an interesting take, but it could be bad analysis.

gig em 02 said:

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$30,000 Millionaire said:

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$30,000 Millionaire said:

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CrazyRichAggie said:

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so everyone still bullish...

---

i'm not, but I could be wrong.

---

you all should probably fade me. I feel like upside is limited, but the bid is relentless.

---

How much money did you lose/miss out on last summer being bearish? For me it was a lot.

I also said I didn't like ROKU so what do I know.

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Don't forget, the UBI payments start mid-July, so there's going to be millions more pumped into Amazon or some random meme stock or crypto currency

FJ43 said:

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FJ43 said:

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$30,000 Millionaire said:

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$30,000 Millionaire said:

---

CrazyRichAggie said:

---

so everyone still bullish...

---

i'm not, but I could be wrong.

---

you all should probably fade me. I feel like upside is limited, but the bid is relentless.

---

I think about 430 on SPY is the top and we may can grind our way there.

FWIW its the long term upper line of this getting very tight wedge we are in. Mid to late July that wedge runs out.

---

Might need to adjust that.

I just went back and redrew the upper long term trend line back to 2000 using to this years highs to lows to 2020 COVID lows.

Using 2000 - We tried to push through and were rejected. 425ish is top
Using 2007 426
Using 2018 - 430

Just rough charting but take your pick if long term trend lines mean anything or maybe I am missing something..

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Nice work!

I'll go with 425ish for 500 Alex

$30,000 Millionaire said:

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not top of mind re: ASAN. Once volume disappears, it's over.

re: trend lines, here is what i think is an interesting take, but it could be bad analysis.

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So translated to SPY that's about 430 for the upper using the same dates I did. We are pretty close to one another here.

$30,000 Millionaire said:

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gig em 02 said:

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$30,000 Millionaire said:

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$30,000 Millionaire said:

---

CrazyRichAggie said:

---

so everyone still bullish...

---

i'm not, but I could be wrong.

---

you all should probably fade me. I feel like upside is limited, but the bid is relentless.

---

How much money did you lose/miss out on last summer being bearish? For me it was a lot.

I also said I didn't like ROKU so what do I know.

---

I made over 100% last year by being very deliberate about stops. I caught big moves in TSLA and Amazon amongst other things and I always had hedge longs when I was trying to sell. I gave up when we confirmed over about 3100. I would have made 300-400% if I had taken the same trades in reverse.

The ironic thing is that we should have been bearish last summer, but don't fight the fed. I don't feel like what we are experiencing now is anything like last summer.

I'm up about 50% year to date as well.

---

To be clear, I don't think you are a perma-bear or anything, I just remember this same conversation happening last year when I kept losing money thinking that 35% unemployment and the destruction of industries would be bad for the market.

gig em 02 said:

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$30,000 Millionaire said:

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gig em 02 said:

---

$30,000 Millionaire said:

---

$30,000 Millionaire said:

---

CrazyRichAggie said:

---

so everyone still bullish...

---

i'm not, but I could be wrong.

---

you all should probably fade me. I feel like upside is limited, but the bid is relentless.

---

How much money did you lose/miss out on last summer being bearish? For me it was a lot.

I also said I didn't like ROKU so what do I know.

---

I made over 100% last year by being very deliberate about stops. I caught big moves in TSLA and Amazon amongst other things and I always had hedge longs when I was trying to sell. I gave up when we confirmed over about 3100. I would have made 300-400% if I had taken the same trades in reverse.

The ironic thing is that we should have been bearish last summer, but don't fight the fed. I don't feel like what we are experiencing now is anything like last summer.

I'm up about 50% year to date as well.

---

To be clear, I don't think you are a perma-bear or anything, I just remember this same conversation happening last year when I kept losing money thinking that 35% unemployment and the destruction of industries would be bad for the market.

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I did too. Market defied logic. If you apply that same lens - what more upside is there now?

FJ - scope this out on weekly and let me know what you think.

If a guy wanted to be slightly more aggressive ands use 2020 as long term trends, the upper is represented by the yellow and the red a few years back.

Hmmmm.....

$30,000 Millionaire said:

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FJ - scope this out on weekly and let me know what you think.

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This is wrong, scary or we're brothers from another mother.

I was doing the exact same thing as you with the same basic dates.

We yet again end up the same with about 440ish as potential top. That is being aggressive by my charting anyway.

$30,000 Millionaire said:

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gig em 02 said:

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$30,000 Millionaire said:

---

gig em 02 said:

---

$30,000 Millionaire said:

---

$30,000 Millionaire said:

---

CrazyRichAggie said:

---

so everyone still bullish...

---

i'm not, but I could be wrong.

---

you all should probably fade me. I feel like upside is limited, but the bid is relentless.

---

How much money did you lose/miss out on last summer being bearish? For me it was a lot.

I also said I didn't like ROKU so what do I know.

---

I made over 100% last year by being very deliberate about stops. I caught big moves in TSLA and Amazon amongst other things and I always had hedge longs when I was trying to sell. I gave up when we confirmed over about 3100. I would have made 300-400% if I had taken the same trades in reverse.

The ironic thing is that we should have been bearish last summer, but don't fight the fed. I don't feel like what we are experiencing now is anything like last summer.

I'm up about 50% year to date as well.

---

To be clear, I don't think you are a perma-bear or anything, I just remember this same conversation happening last year when I kept losing money thinking that 35% unemployment and the destruction of industries would be bad for the market.

---

I did too. Market defied logic. If you apply that same lens - what more upside is there now?

---

$3,000 to $3,600 for every child in a family with income under $150,000. Plus whatever they push through in the "infrastructure" bill.

I'm taking a lot less positions, trimming where I can, but fully expecting the market to continue going up in defiance of all sanity. Now the CDC is in charge of eviction moratoriums, and at some point mortgage deferrals are going to get triggered.

monthly view. look how far above the mean we are relative to what the S&P normally does.

2003/2008 trendlines added.

gig em 02 said:

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$30,000 Millionaire said:

---

gig em 02 said:

---

$30,000 Millionaire said:

---

$30,000 Millionaire said:

---

CrazyRichAggie said:

---

so everyone still bullish...

---

i'm not, but I could be wrong.

---

you all should probably fade me. I feel like upside is limited, but the bid is relentless.

---

How much money did you lose/miss out on last summer being bearish? For me it was a lot.

I also said I didn't like ROKU so what do I know.

---

I made over 100% last year by being very deliberate about stops. I caught big moves in TSLA and Amazon amongst other things and I always had hedge longs when I was trying to sell. I gave up when we confirmed over about 3100. I would have made 300-400% if I had taken the same trades in reverse.

The ironic thing is that we should have been bearish last summer, but don't fight the fed. I don't feel like what we are experiencing now is anything like last summer.

I'm up about 50% year to date as well.

---

To be clear, I don't think you are a perma-bear or anything, I just remember this same conversation happening last year when I kept losing money thinking that 35% unemployment and the destruction of industries would be bad for the market.

---

FWIW, the market is extended and due for a slight pullback. However, with inflation growing, people will seek returns that outpaces inflation, this will help the stock market short term but don't get comfortable. IMO, growth stocks will be their primary focus but don't be the one without a chair when the music stops. When the fed hints/does rate hikes, sell out. The market will go through withdrawal worse than a meth head cuffed to a bed his first night in rehab, the tantrum will hurt a lot and you want to decrease your exposure immediately, even if some positions will be at a loss. JMO

I may just grab my chair now and watch y'all get rich!

Prophet00 said:

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That would be a phenomenal idea. I think the folks that would benefit the most are probably not going to be the biggest contributors to topics/charting/potential plays, but it would certainly help to fast track more education for many (me included).

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I can't speak with authority on basically anything so for sure some others would have to step up.

$RIG. With oil breaking out, this has woken up a bit. Up 10% this week so far. Not sure if this is more than a short termer but I grabbed some start of week on crude numbers.

Prognightmare said:

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gig em 02 said:

---

$30,000 Millionaire said:

---

gig em 02 said:

---

$30,000 Millionaire said:

---

$30,000 Millionaire said:

---

CrazyRichAggie said:

---

so everyone still bullish...

---

i'm not, but I could be wrong.

---

you all should probably fade me. I feel like upside is limited, but the bid is relentless.

---

How much money did you lose/miss out on last summer being bearish? For me it was a lot.

I also said I didn't like ROKU so what do I know.

---

I made over 100% last year by being very deliberate about stops. I caught big moves in TSLA and Amazon amongst other things and I always had hedge longs when I was trying to sell. I gave up when we confirmed over about 3100. I would have made 300-400% if I had taken the same trades in reverse.

The ironic thing is that we should have been bearish last summer, but don't fight the fed. I don't feel like what we are experiencing now is anything like last summer.

I'm up about 50% year to date as well.

---

To be clear, I don't think you are a perma-bear or anything, I just remember this same conversation happening last year when I kept losing money thinking that 35% unemployment and the destruction of industries would be bad for the market.

---

FWIW, the market is extended and due for a slight pullback. However, with inflation growing, people will seek returns that outpaces inflation, this will help the stock market short term but don't get comfortable. IMO, growth stocks will be their primary focus but don't be the one without a chair when the music stops. When the fed hints/does rate hikes, sell out. The market will go through withdrawal worse than a meth head cuffed to a bed his first night in rehab, the tantrum will hurt a lot and you want to decrease your exposure immediately, even if some positions will be at a loss. JMO

---

With you Prog.

There will be FOMO to make a buck and a bunch of astronauts at the end of the day.

from Tic on telegram:

Orderflow
Yet another ultra low volume day. About to publish plan for tomorrow, but overall thinking remains we go down once 4224 gets taken out. Now 4242. Stay tuned !
7.9K views13:10
June 23
[url=https://t.me/tictoctrading][/url]


Orderflow
Trade plan 6/24:

1. Most participants got bulled up yesterday at 4244 which I couldn't stomach

2. Time to be bullish was at the lows on Monday not now

3. If I turn out to be right, we will break 4224 and explore 4170-4180 (now 4142)

4. However if we close above 4244, I will be bullish for 4267-4272

Let me know what y'all think of my update

#ES_F $SPX $NDX $SPY $mstr