Burning Down The House
I don’t understand it. That picture mirrors my thoughts.
Moving on - tomorrow BIG DADDY POWELL is in the house to try and sweep up some of the ashes from the carnage left behind. I do not think he is going to drop an emergency rate cut. If he does, than him and Don are thicker than thieves and have a Discord group with Nancy and Roaring Kitty as well, and the market will rip it’s face off.
Barring that, I would not run head first in to a burning building and neither should you. With the fire burning, Powell might just be more kerosene. So you stick to the Stack.
Tonight’s edition for Lotto Friday has enough variety to satisfy any port size, even in this shit show market. Set your levels and alerts, and let’s bank in to the weekend like we always do!
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My Charts
Over Green line = Entry for Calls
Under Red line = Entry for Puts
Dash/Dot Blue line = Price Targets
Orange Dash/Dot line = POC (Point Of Control)
Purple line = Dark Pool
Blue Boxes = Demand Zones
Red Boxes = Supply Zones
Price targets are not the same as option strikes.
Price targets are where I believe the chart can/will go.
The strikes I suggest are what I think provide the best risk/reward to make money.
Let’s BANK!
UPST
UPST 0.00%↑ weekly retest of the trendline breakout (yes, back to November). This can be a big mover on any day, especially on LOTTO FRIDAY! Looking for a bounce from this trendline or a breakdown towards the POC. Here’s the plan.
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