Massive OE & Divergence From Underlying (BTC) The PA on indexes is almost completely irrelevant for this trade; what matters is BTC: The move began with the $73.8k b/o and BTC accelerated from there. Gained $20k in basically a straight line without once breaking daily PBL. The first shallow p/b was followed by a second […]
$MSTR Sets Up for a Monster Reversal Read More »
JPYUSD Carry Trade This isn’t going to be structured like any other write up I do; instead, I plan on using this more like a detailed journey entry on a market wide capitulation move to which I can then refer on future comparable opportunities. The Situation I won’t go into detail describing the carry trade;
Nikkei Crash & Contagion Read More »
Gen-AI fiber & cable contract with GLW Market Context Fairly irrelevant for this trade but could always serve as a minor head or tail wind. The Qs had pulled back ~8.5% over the last two weeks following the 7/11 CPI print and rotation from leaders into laggards. Over the last three trading sessions the index
7/30/24 LUMN Para Reversal Read More »
Delayed Robo Taxi Unveil Market Context Price action on the indexes played a significant role in this trade which I’ll elaborate on in more detail later. Relentless grind higher on the indexes in recent weeks, the Qs in particular with shallow dips getting bought aggressively and the Qs trading at / breaching the uBB on
07/11/24 TSLA Reversal Breakdown Read More »
D3 following better-than-expected Q2 delivery numbers Market Context & Daily Chart Indexes have been on a tear; two large green days on the Qs preceding today with intraday PA being very similar on all these days – brief p/b at the open followed by a slow grind higher for the rest of the session; today
07/05/24 $TSLA (failed) Reversal Breakdown Read More »
