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Strategies & Market Trends : TRIPLE TRADES
OPEN 6.555-0.1%Nov 7 9:30 AM EST

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yard_man
To: yard_man who wrote (3107)4/27/2023 12:24:01 PM
From: Bull RidaH1 Recommendation  Read Replies (1) of 4397
 
today doesn't feel like winning

Sliding on the heels of blowout MSFT earnings was part of the FINAL TRAINING PROCESS to make traders believe that no matter how good earnings come in, the market will still slide. Once they have you in this position... CHECKMATE!!

If your bearish juices are still flowing even after these warnings, here's one you can direct all your bearish inclinations toward. The pattern it made at the top is similar to SVB's, which, by the way, projected to -40 on that 1. This one doesn't call for bankruptcy, just a quick visit to 223 for URI. Does it make sense? Capital Intensive business that is getting squeezed from all sides, including your good buddy's inflation master plan.

Must pick and choose bearish plays very carefully for now, until 4840 SPX is seen. When the bearish ewavers have closed shop and given up posting, then it's safe to bear fangs & claws in public. <g> Oh you're right... they'll never give up being bearish... which will save them in the end if they can still hock something to buy puts with at the top!!
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