just broke uptrend line, intraday
irish pete ag06 said:
Gamma wall at 350 on ADBE. If it breaks 350 get the heck out of the puts. Good thing is, these gamma walls act like magnets, but also like... well, walls.
Hence, the voluminous selling at 350 on the first touch.
If it confirms above 350, it can get squeezy though, so watch for that.
The Federal Reserve is investigating Goldman Sachs’s, $GS, consumer business, per WSJ.
— unusual_whales (@unusual_whales) January 20, 2023
til 393 and change, lolCharismatic Megafauna said:
Wait... we're all bullish now?
Charismatic Megafauna said:
I like your thought about being frustrated with sideways movement though, maybe i will try to pin today's open
This is going to be the final rejection before the breakthrough lower. 20/50/200 are converging, tightly. I can't see how this ends well with the 10/2 year yield curve inversion and imminent recession. The only thing that can save this is if the Fed "pivots" at the end of the month. I don't see that happening.Quote:
Not today! Wild. Closed on 200 day sma. Only broken through it a few times - briefly - since the downturn started.
$30,000 Millionaire said:
Cem is usually right. I still think 3200-3300 will come.