03/03/2022 mid-day update
Mid-day update.
Take a look at the main (top chart).
We are now (so-far) swinging on the flat-white bottom (436) by mid-day.
Points of interest:
* we are trending along the first green dotted line up from the crash (bottom left chart) from our original thesis.
Early conclusion
* assuming we will continue on to 44x sometime in the future (once we break 441)
* in the short term assuming a continued swing down every time we do not break 441
* all of the levels from the past week have been consistent in identifying points of support and resistance, which helps with day-trading.
* IMPORTANT: today could have been the equivalent of February 9th, breaking the white-resistance line before coming down again.
* IMPORTANT: sentiment: the economy's market makers will not let our March high stop at 440.
Position:
* collecting calls as a long position with every low we hit.
* day-trading puts every time the spy does not break 441.
Long term: Feb 19th thesis still holds.
Thank you for reading! The next thesis will clear ALL trend-lines and provide a fresh, un-biased March-19th hypothesis.
Take a look at the main (top chart).
- did not break 441
- swing traded down to 43x.
- broke 439 support line
- broke 438 support line
- broke 437 support line
- broke white 436 support line.
We are now (so-far) swinging on the flat-white bottom (436) by mid-day.
Points of interest:
* we are trending along the first green dotted line up from the crash (bottom left chart) from our original thesis.
Early conclusion
* assuming we will continue on to 44x sometime in the future (once we break 441)
* in the short term assuming a continued swing down every time we do not break 441
* all of the levels from the past week have been consistent in identifying points of support and resistance, which helps with day-trading.
* IMPORTANT: today could have been the equivalent of February 9th, breaking the white-resistance line before coming down again.
* IMPORTANT: sentiment: the economy's market makers will not let our March high stop at 440.
Position:
* collecting calls as a long position with every low we hit.
* day-trading puts every time the spy does not break 441.
Long term: Feb 19th thesis still holds.
Thank you for reading! The next thesis will clear ALL trend-lines and provide a fresh, un-biased March-19th hypothesis.
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