Good Evening and I hope you are well.
comment: Bears just need to do more. As long as we are not leaving behind bear gaps, bulls keep buying the dips. Wait for long pullbacks if we keep making higher lows. The bull channel is also still valid.
current market cycle: bull trend
key levels: 22700 - 23300
bull case: As long as Bulls stay comfortably above 22500, they are fine and sideways is a very bullish correction for them. Bears are certainly not doing much, so bulls buy every dip. Nothing changed. Might go up to 23300 or higher. No one knows where it will end but it’s likely orange face will end it and he will make sure he announces it in his private Epstein-and-Friends signal group in advance. Some put options 3-6m are fine to buy I think.
Invalidation is below 22700.
bear case: Bears are just not doing enough. Need something below 22700 and most likely an event to be the catalyst for it. I will leave it at that.
Invalidation is above 23500.
short term: Neutral until US-EU tariff shit show get’s a nice tweet or so. We will go down hard again. Be patient.
medium-long term - Update from 2024-06-29: No change in plans. I expect 20000 to get hit over the next 3 months and maybe 19000 again.
trade of the day: Long US open was a bit obvious but buying the huge drop was not.
comment: Bears just need to do more. As long as we are not leaving behind bear gaps, bulls keep buying the dips. Wait for long pullbacks if we keep making higher lows. The bull channel is also still valid.
current market cycle: bull trend
key levels: 22700 - 23300
bull case: As long as Bulls stay comfortably above 22500, they are fine and sideways is a very bullish correction for them. Bears are certainly not doing much, so bulls buy every dip. Nothing changed. Might go up to 23300 or higher. No one knows where it will end but it’s likely orange face will end it and he will make sure he announces it in his private Epstein-and-Friends signal group in advance. Some put options 3-6m are fine to buy I think.
Invalidation is below 22700.
bear case: Bears are just not doing enough. Need something below 22700 and most likely an event to be the catalyst for it. I will leave it at that.
Invalidation is above 23500.
short term: Neutral until US-EU tariff shit show get’s a nice tweet or so. We will go down hard again. Be patient.
medium-long term - Update from 2024-06-29: No change in plans. I expect 20000 to get hit over the next 3 months and maybe 19000 again.
trade of the day: Long US open was a bit obvious but buying the huge drop was not.
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.