Tomorrow should be a red day according to my count. I have said that in the past and been wrong though, so you've been warned lol. Friday, we got a little of that volatility I mentioned. It wasn't anything super crazy, but we definitely extended further than anticipated and I attribute it on the jobs report. The move up was on very weak volume and created signs of HBD.
I anticipate us to be moving down tomorrow regardless on if we open green or red. The NQ and ES both opened with a gap to the downside. They could retrace that for OMH before falling creating the higher open I am talking about. If not though, Tesla will open with a gap to the downside and just continue dropping.
If we do open higher, we shouldn't breach $262.39, and a breach of $263.60 seriously calls this count into question and could be suggesting we're starting larger wave 3 of (3) early. Especially if we we're to break it impulsively, it would not be good for those of us positioned for a move to the downside lol. Given all the signs I am seeing pointing lower though I don't anticipate that type of action. However, if you know me, you know I track both sides of the coin in the event I am wrong. This allows for easier and more seamless transitions to protect/make-up potential losses. I don't have to spend a bunch of extra time trying to figure out where I went wrong because I was already tracking that possible pathway.
Anyway, if tomorrow goes according to plan these puts will grow in value quite a bit. If not then make sure y'all practice your own risk management. My contracts don't expire until 10/27 so I have a couple weeks. Good luck everyone! I will update as able tomorrow.
Bonam Fortunam,
--Tyler
I anticipate us to be moving down tomorrow regardless on if we open green or red. The NQ and ES both opened with a gap to the downside. They could retrace that for OMH before falling creating the higher open I am talking about. If not though, Tesla will open with a gap to the downside and just continue dropping.
If we do open higher, we shouldn't breach $262.39, and a breach of $263.60 seriously calls this count into question and could be suggesting we're starting larger wave 3 of (3) early. Especially if we we're to break it impulsively, it would not be good for those of us positioned for a move to the downside lol. Given all the signs I am seeing pointing lower though I don't anticipate that type of action. However, if you know me, you know I track both sides of the coin in the event I am wrong. This allows for easier and more seamless transitions to protect/make-up potential losses. I don't have to spend a bunch of extra time trying to figure out where I went wrong because I was already tracking that possible pathway.
Anyway, if tomorrow goes according to plan these puts will grow in value quite a bit. If not then make sure y'all practice your own risk management. My contracts don't expire until 10/27 so I have a couple weeks. Good luck everyone! I will update as able tomorrow.
Bonam Fortunam,
--Tyler
Commentaire:
The good lord has blessed us yet again this morning. This is a good start but I expect us to move much lower before I sell. Praise be to Jesus!
Transaction en cours:
Stop limit for puts is set at $3.10
Trade fermée: ordre d’arrêt atteint:
Stop limit hit and puts sold for almost $1000 profit
Commentaire:
I am about to start layering into puts on the next high
Transaction en cours:
3 puts bought. Same contract as before $225 10/27
Transaction en cours:
5 more puts bought
Commentaire:
2 more bought
Transaction en cours:
Final 5 puts bought for a total of 15
Commentaire:
Sorry guys but no post tonight. I've been super busy and I'm tired. Even if I give an analysis I don't think it would be good. We should open up down tomorrow and push lower. Good luck everyone!
Commentaire:
Hit the 0.786 of wave (1). Hopefully we start to head down from here. At the very least we are getting a reaction
Commentaire:
I've been busy at work today and I work the next 2. I will try to answer questions/make a new post tonight around 9-10ish pm CST
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
