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The Trading Lounge
Public • 158 • $17/m
3 contributions to The Trading Lounge
Sep 3 in
$UVIX SAVE AMERICA
I Hopped in PM got 15% out of it. Thoughts? @kamalaharris Nothing to be proud of This is legal blood money. Until the Elections will be Brutal
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Aug 13 in
POSSIBLE Bearish Div. On SPY
Watching SPY right now for a possible bearish divergence, sell signal would confirm. Stop loss a little above the highs of the day, if it plays out. Price slowing down quite a bit, could line up to be a good trade. Keep an 👀 on it
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New comment Aug 14
1 like • Aug 13
:(((
1 like • Aug 14
I failed to see a divergence or any bearish movement because $SPY was still above the moving average and still in recovery phase until some major statistical news actually occurs like interest rate cuts. $UVXY also down tremendously with the entire market up. I would keep a strong eye on UVXY in the coming days because a signal hit for the first time since Covid
Aug 5 in
Market Taking A Beating EARLY!
Could be a super red day judging by price action so far, if we don’t see a bounce around this level, the next stop is $500 in the short term. Japans Nikkei 225 closed earlier this morning down 12.4% which is the worst since 1987 due to worries of the US possibly entering a recession. This is big stuff here guys, the market could be in a downtrend for a significant amount of time if something doesn’t change. I don’t see it holding any significant bounce in the zone we’re in now, so I am assuming we make our way down to $500 and below soon, we shall see. Premiums are probably going to be high, and there may be a lot of panic selling at open, remains to be seen. Good luck today my friends.
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New comment Aug 5
1 like • Aug 5
Scary times
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