Poor stewards of capital should be punished, instead, the Fed throws safety blankets giving elites / "major, systemically important players more rope to distribute, get out of their longs." Distribution is key & its happening despite CNBC & other pumper-nation types to trap retail to be slaughtered like cannon fodder. Tic's been all over this. Don't be a bagholder -buy gold & silver on rinses, not the pops & you'll be fine over next few yrs, maybe longer due to all the excess valuation created by giga Fed easy money policies since 1999
What changed today was the denial of 75 bps hike by Powell, for the two upcoming FOMC meetings. Given current oversold condition, I think this squeeze can have legs?
Personally I think we get a pullback before the CPI then hit 4441. This fits with the Fibonacci time sequence, the Elliott wave and fills the gap at 4393. After that who knows. Could be wrong but...
Spy and QQQ options closed flat also meaning options flow was not driving that run. We'll see in the next two days how the options market react which will clear a lot of things up.
I am surprised by your lack of humility ( important trading trait), write less of the perfect levels that worked (gold for ex), and maybe more if todays flow changed, traders changed (not pointing to investors)
Tic--of course--You were so spot on!!!
Market exactly behaved the way Tic posted on this Substack. Probably tic does have time machine.
do you think after we got 4000-20 and close the gap we go up?
Wow 😯 insane selling as you predicted;) are they really going for the ultimate kill? Thanks for saving us all!;)
What do you mean with "HOD" on Twitter? 16:16
Poor stewards of capital should be punished, instead, the Fed throws safety blankets giving elites / "major, systemically important players more rope to distribute, get out of their longs." Distribution is key & its happening despite CNBC & other pumper-nation types to trap retail to be slaughtered like cannon fodder. Tic's been all over this. Don't be a bagholder -buy gold & silver on rinses, not the pops & you'll be fine over next few yrs, maybe longer due to all the excess valuation created by giga Fed easy money policies since 1999
Tic - I bow to you. Thank you
Tic any thoughts on SQ? Holding some 5/20 110 calls
What changed today was the denial of 75 bps hike by Powell, for the two upcoming FOMC meetings. Given current oversold condition, I think this squeeze can have legs?
Personally I think we get a pullback before the CPI then hit 4441. This fits with the Fibonacci time sequence, the Elliott wave and fills the gap at 4393. After that who knows. Could be wrong but...
Dear Tic, I closed my short before the FOMC meeting, waiting for the next moment! Thanks a lot for the guidance
RIP to my last 5/6 420 put 😂🥹 will attempt rolling it over tomorrow for 5/20 - Powell sneaking C U next tuesday
Spy and QQQ options closed flat also meaning options flow was not driving that run. We'll see in the next two days how the options market react which will clear a lot of things up.
Rally on FOMC. Short on releasing minutes. It happened several times.
I am surprised by your lack of humility ( important trading trait), write less of the perfect levels that worked (gold for ex), and maybe more if todays flow changed, traders changed (not pointing to investors)
Thanks Tic, I share your sentiments. I have work to do after today, but that’s how it goes sometimes.