Open 1/2 ES1! short at 5115
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Open 1/2 ES1! short at 5115
For the correction to continue, AMZN must crater after the bell.
Opened long 1% AMZN May 31’24 180PUT at 9.1
Stopped at 17635 for -33 handles
NQ1!
Open 1/4 NQ1!Bearish@17602 short at 17602 with stop at 17635
TSLA has declined by 30% since our last post
Next support around 120-130
Previous post:
Remember two years ago, people were blaming Russia for starting a bear market and causing oil prices to surge to near ATH. Both of these events would have happened without Russia invading Ukraine.
History is repeating itself. People are now blaming Israel for NVDA's stock dump, when, in reality, NVDA would have plunged on any bad news, regardless of its relevance to the company.
Closed ES1!·Bullish@5010.75 long at 5032 for 21.25 handles.
Open 1/4 ES1! long at 5010.75
Closed ES1!·Bullish@4981.25 long at 4994 for 12.75 handles
Opened long 1/4 ES1! at 4981.25
BTC1! Vs DXY
Crypto is never a safe haven asset.
And it never will be.
Original BTC chart; venue not shown · Asset Tag: CME Bitcoin futures (BTC1!).
BTC1!
Original BTC chart; venue not shown · Asset Tag: CME Bitcoin futures (BTC1!).
As if by magic
BTC1!
Original BTC chart; venue not shown · Asset Tag: CME Bitcoin futures (BTC1!).
The divergence among the HG1!/XAUUSD ratio, the oil/gold ratio, and the 10-year yield must close.
But in which direction?
We posted that the market was entering a stagflation period similar to that of the 1970s back in early 2022.
The SPX is still following the 1970s stagflation patterns.
BUY or SELL?
Invisible price floor at 7.2
USDCNY
ARKK& TSLA
Look familiar?
Nasdaq is up by 13%, while TSLA is down by 30%.
Imagine what will happen when the market turns ugly.