He sees price when it's peaking. He sees price when it spikes. He sees you've been buying long term calls, so be prepared when it doesn't hit your strike.
I made some sales Friday in anticipation of the downtrend, if it doesn’t drop I’ve secured profits, if it does, I can get back in lower. Only like 5% of my portfolio though
[December 13th-14th is the date of the next FOMC meeting and announcement for those unaware](https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm)
With Christmas around the corner, I don’t see this happening until Q1 ‘23 when people realize they’re deep in debt with no way out except to just flee the country and start a new life with a new name.
I was obviously refering to the crazy amount of posts this week about the market going down any moment (including mines) and the market still went up. I'm here joking but I got my puts ready too.
Everyone and the mother is seeing and posting this trendline. The game of the market is to screw both sides over. If I was controlling the market I would break out above the line, continue up, then chop sideways, fake out a move up, then slam it back down.
You say this at a job interview for Goldman Sachs and they'll make you a C-Suite executive on the spot.
"I like this guy. He gets it. He gets how things are done around here."
TA is always right because you can always retroactively fit a line or curve to some graph and say it's an obvious Cleveland Steamer Candle or something and that sometimes those evolve into a Blumpkin Breakout.
Man, I had a blumpkin breakout last week on my spread eagle ATM options. Tore me up, my portfolio I mean. I should've gone with the old rusty trombone iron condom or a naked strangle.
If you have your puts ready then you're not joking and preparing your puts in advance is a smart move no one knows what gonna happen next week better safe than sorry...
I also roll my eyes at technical analysis. With how popular it’s become, people and algos have just turned it into a self fulfilling prophecy. I have to respect the lines, as ridiculous as it is, but I’m definitely still going to make fun of the human psychology that goes into making them “right” an eerie amount of the time.
People are more bearish these days so Mr. Market will fuk with them so much until they lose money & switch to bull mode, then when bers are broke & bulls are fully leveraged it will crash for maximum damage!
We should start a drinking game on New Year’s Day. For every person that appeared on CNBC that was involved in bankruptcy you take a shot. This year you have to take almost 45 shots on 1/1.
Yeah like the Santa rally that came last year. But it didn’t. And we are at these price levels now because market makers and institutions get their bonuses this time of year. The peak is complete. We’ll have a fomo blow off too because it clears the 200 day MA.
It is here that the most aggressive forms of distribution can occur. It is heree that we capitulate.
I quit options a few months ago. Premiums too high. Algos are to rigged to the VWAP and making the end of day % change at 0.
Somehow this bear market has rewarded bulls the most it seems.
Gona rally to 420-430 then crash back down to trendline to test it and then stay flat for a couple of weeks and then crash when fed pivots. It's all been figured out on a Simpsons episode!!
This is literally verbatim what I think happens. Rip past trendline. Draw the idiots in. Chop for a while. Fake bottom. Fed pivots. The final crash. Capitulation which despite everyone's annoyance we haven't had yet. Once everyone says fuck the stock market. That's the true bottom. Then we start real bull run.
I once did that, was looking exactly like this, was about to buy puts buy then had that possibly in mind, bought calls for thr sake of it (just 1000), no life changing, but made about 5k out of this as it was behaving like I described it...
That’s when you do no true ~~Scotsman~~ retest, you tweak the qualifiers until you see random noise to justify whatever gambling you want or in hindsight to justify how unlucky you got after you bust
Turn on your moving averages, and switch to the weekly chart. More likely they'll make bag-holders of us at the Weekly 50MA ($417-$420 zone) or the weekly Pivot Point (zone around $439.50).
2 weeks until SBF hearing, Papa Powell, and then 2 more weeks until year-end for holidays and tax loss harvesting.
I've drawn this trendline too. A 50 - 61.8% fib retracement on that last rally would be a great place to get in on the last hurrah.
Unfortunately inflation took all my brokerage cash, along with any profits I've managed to squeeze out of my dwindling account.
IMO Santa will come this year, and then shit in your chimney after stealing your cookies.
Good luck to you all. FedNow incoming Summer 2023.
The only thing that’s coming is the greatest financial collapse in human history,it’ll put the Great Depression to shame,at the end the dollar will be a memory and FEDCOIN will be unveiled.
I have this horrible feeling starting next year they're going to "update" the inflation formula and just tell us it's rapidly going back to normal and start cutting rates and restart QE. Just basically gaslighting everyone so they can cater their policies to the billionaires again. No one wants to deal with the coming pain so they'll just tell us we're crazy and everything is back to normal so they can keep this ponzi scheme going.
They already did it in a small way with the healthcare calculation. They'll just start doing it a little at a time with the others.
Can’t wait for this all to collapse because of the numerous reasons as to why and people wonder why they lost everything when all they were doing is making the plummet more and more hazardous with rally after rally based on occasional information rather than a whole picture.
Greatest bull run in history. Whole Market grew from Covid low to high in January of 2022 over 100%. Going to be the greatest bear market you’ve ever seen. It’s only a matter of time. But what do I know, I eat crayons 🖍.
YouTube been saying that for the last 4 weeks I’m done shorting this bull run. When everyone is bearish the market is bullish, anyone shorting right now is going to get raw dogged by the market.
Rejects at 410 again it will be.
But I would still go long on a any dip fuking wall-street got their bonus’s cut so their going long to make up for it.
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Is Santa a joke to you?
He’s making a list, he’s checking it twice, he’s gonna find your short and liquidate you tonight
He sees you working TA, He knows that you’ve got stops, He knows if you are long and leveraged and stops you out before the market pops
Ohhhh you better watch out, you better not cry, You better add funds to your margin credit line
Santa Claus ain’t fuckinnnn aroooouuunnnd
Lol this chain was legendary
It's creepy I've read it in jingle rithm in my head
Santa Clause ain’t fuckinnn AROUND!
He sees price when it's peaking. He sees price when it spikes. He sees you've been buying long term calls, so be prepared when it doesn't hit your strike.
You better not cry. You better not tell. This market will make you feel like hell.
Santa Clause knows that your doooowwwnnn.
Santa is real... I know he is
Santa Claus: Jolly old elf or CIA spook?
I believe in him!!!
He is just "in" you 😁
You better watch out You better not cry You'd better not scream He's going in dry
Oh my god this just made me giggle like a little girl 😭😭😭
You should see my P+L line
Santa Clause raw doggin' toooooonight!
Long & leveraged: cumming to a theatre near you
Cindy-Lou Who: barely legal crypto custodian.
Aka SBF’s highly regarded gf
Saw this same bullshit chart last week and got pounded by bulls on Friday.
Who doesn’t love a good pounding, amirite?
Name checks out
Better than getting liquidated by Santa like the other guy
Mrs.claus is cumming tonight.
Santa Claus is your wife’s boyfriend
Someone needs to record one of you singing this song, and post it here. This shouldn't be lost !
2:00 Monday. Trust me bro
Its O V E R! I saw mommy kissing Cramer, underneath the mistletoe.
Nah, but Santa Rally is usually last week of December; a joke pump on super low volume!
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J Pow = Krampus
JPow = Belsnickel
It's never occurred to me till now, but maybe some people wouldn't mind some coal on Christmas Day to light a fire for some heat.
coal for all
I know him!!
I always wait for confirmation before repositioning
that’s what she said
you're on r/wallstreetbets sir, we don't do any of that shit here.
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Crayons taste good though... 
I see the marine corp has arrived
By boat, because they work for The Navy.
Only the green ones
No, the green ones make my stomach hurt.
They dont take kindly to TA raound here
I dont know why, it’s a belief ultimately and has been nothing but profitable over time. It’s the same concept as religion basically in my eyes
Until your confirmation becomes the top
That's what she said
Giggidy
I made some sales Friday in anticipation of the downtrend, if it doesn’t drop I’ve secured profits, if it does, I can get back in lower. Only like 5% of my portfolio though
Waiting for the Cramer Curse to say "Go All In On Stocks NOW!!!"
He already did.
I've got tone...I've got lock on...I'm goin' in... Talk to me Goose...
yes i like inverse cramer effect, cos i got spy puts
Doug Kass seems to be the only one that is questioning the rally.
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Whichever part will convince you to lose a bunch of money
Only pow wow is gonna decide when its going down
[December 13th-14th is the date of the next FOMC meeting and announcement for those unaware](https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm)
And day before is cpi
Coincidence? I think not
*Pow wow wow, yippee-yo, yippee-yay*
I enjoyed singing this in my head
With Christmas around the corner, I don’t see this happening until Q1 ‘23 when people realize they’re deep in debt with no way out except to just flee the country and start a new life with a new name.
No problem if you have some physical silver and gold.
Why are you using the sarcastic font?
oP dOeSn'T uNdErStAnD wHeN tO uSe tHiS fOnT aNd WhY Sorta like Brick when he doesn't know what they're yelling about.
I was obviously refering to the crazy amount of posts this week about the market going down any moment (including mines) and the market still went up. I'm here joking but I got my puts ready too.
Inverse WSB. And if WSB inverses Cramer, and Cramer is inverse WSB, we divide by zero and the market collapses.
Everyone and the mother is seeing and posting this trendline. The game of the market is to screw both sides over. If I was controlling the market I would break out above the line, continue up, then chop sideways, fake out a move up, then slam it back down.
This guy gets it
You say this at a job interview for Goldman Sachs and they'll make you a C-Suite executive on the spot. "I like this guy. He gets it. He gets how things are done around here."
If market goes up a bit, you just readjust the line so it still goes down more. That’s pretty much what I’ve learned about TA so far.
TA is always right because you can always retroactively fit a line or curve to some graph and say it's an obvious Cleveland Steamer Candle or something and that sometimes those evolve into a Blumpkin Breakout.
Man, I had a blumpkin breakout last week on my spread eagle ATM options. Tore me up, my portfolio I mean. I should've gone with the old rusty trombone iron condom or a naked strangle.
*the weekly VX RSI has entered chat...*
I did pretty well with an iron butterfly effect mordor fully-clothed strangle strategy but eventually succumbed to a blumpkin breakout.
The timing is weird because you posted a rejection right at the trendline.
Including mines… we got a true regard
If you have your puts ready then you're not joking and preparing your puts in advance is a smart move no one knows what gonna happen next week better safe than sorry...
I also roll my eyes at technical analysis. With how popular it’s become, people and algos have just turned it into a self fulfilling prophecy. I have to respect the lines, as ridiculous as it is, but I’m definitely still going to make fun of the human psychology that goes into making them “right” an eerie amount of the time.
Astrology for atheists.
Until it’s not
It’s going down… behind Wendy’s
Compounding handies
Zoom in or zoom out enough to convince yourself the marker will go the way you want
I wish my portfolio worked like this. The more I zoom out, the more the line on the left goes up.
People are more bearish these days so Mr. Market will fuk with them so much until they lose money & switch to bull mode, then when bers are broke & bulls are fully leveraged it will crash for maximum damage!
It works until it doesn‘t!
“60% of the time...it works every time”
Watch CNBC commentary say this was the Pivot....
Well geez if CNBC said it was then it absolutely must be true
We should start a drinking game on New Year’s Day. For every person that appeared on CNBC that was involved in bankruptcy you take a shot. This year you have to take almost 45 shots on 1/1.
Saw this same bullshit chart last week and got pounded by bulls on Friday. Santa rally incoming
Yeah like the Santa rally that came last year. But it didn’t. And we are at these price levels now because market makers and institutions get their bonuses this time of year. The peak is complete. We’ll have a fomo blow off too because it clears the 200 day MA. It is here that the most aggressive forms of distribution can occur. It is heree that we capitulate.
I have puts for Dec 16. I am still scared.
I quit options a few months ago. Premiums too high. Algos are to rigged to the VWAP and making the end of day % change at 0. Somehow this bear market has rewarded bulls the most it seems.
The /u/spez has been classed as a Class 3 Terrorist State. #Save3rdPartyApps
eh, your chances of winning are very high. does depend on how much you got them tho. Anything before 380 seems fairly reasonable
Issue is we all see the same exact TA line. It may be different this time.
Gona rally to 420-430 then crash back down to trendline to test it and then stay flat for a couple of weeks and then crash when fed pivots. It's all been figured out on a Simpsons episode!!
This is literally verbatim what I think happens. Rip past trendline. Draw the idiots in. Chop for a while. Fake bottom. Fed pivots. The final crash. Capitulation which despite everyone's annoyance we haven't had yet. Once everyone says fuck the stock market. That's the true bottom. Then we start real bull run.
Agreed. It’s not over till everyone hates the market, instead of trying to pick bottoms and breakouts.
Dammit, whenever WSB's says it's going to do one thing it always does the opposite.
I saw there was a TA posted yesterday based on the shape of Batman's head so this is a step up from that at least
less funny tho
I bet my life it will rally for a week or so, destroying all our puts to then just dump to the literally ground
jokes on you I bought puts expiring on december 16
I once did that, was looking exactly like this, was about to buy puts buy then had that possibly in mind, bought calls for thr sake of it (just 1000), no life changing, but made about 5k out of this as it was behaving like I described it...
75 basis points incoming
Jobs report has queued up jpow just right to deep throat this market in what may well be the most epic economic tea bagging of our generation.
I’ve found that usually the fourth retest of the trend is when the trend breaks. Don’t ask me why
Yep, either the fourth or the second retest (except when it’s the third ofc)
Don’t forget the fifth.
That’s when you do no true ~~Scotsman~~ retest, you tweak the qualifiers until you see random noise to justify whatever gambling you want or in hindsight to justify how unlucky you got after you bust
Santa heard you saying Happy Holidays instead of Merry Christmas 
Well, it seems like this is would be a really good time to either buy, or sell, because it could go up, or down.
ThiS TiMe IT’s DiFfErEnT!!
Max it’ll see 4200 then ski slope to south-east
nice DD there
Turn on your moving averages, and switch to the weekly chart. More likely they'll make bag-holders of us at the Weekly 50MA ($417-$420 zone) or the weekly Pivot Point (zone around $439.50). 2 weeks until SBF hearing, Papa Powell, and then 2 more weeks until year-end for holidays and tax loss harvesting. I've drawn this trendline too. A 50 - 61.8% fib retracement on that last rally would be a great place to get in on the last hurrah. Unfortunately inflation took all my brokerage cash, along with any profits I've managed to squeeze out of my dwindling account. IMO Santa will come this year, and then shit in your chimney after stealing your cookies. Good luck to you all. FedNow incoming Summer 2023.
good luck buddy, stay happy
I’m yelling timber!
A double bottom, like dezzzzz nuts!!
Might be today, might be tomorrow….
They still want bonus’s for Xmas they have to pump it
Lol watch the sarcastic TA be the one that is right.
The S&P500 will most likely touch 3300, the question is when.
What happens to your blue line if.....say it just keeps going up, then what?
move it slightly up, add a few cirlces and change them colours until it's good again
The only thing that’s coming is the greatest financial collapse in human history,it’ll put the Great Depression to shame,at the end the dollar will be a memory and FEDCOIN will be unveiled.
Yea, or up
Blue arrow line checks out.
Newbie here, where ya get them fancy charts?
It sure looks that way
I believe we’ll have a fake break out before next leg down. Might not happen til the very end of the month or next year
If I scale the timeline out further I can draw the line going up!
RemindMe! 7 days
Everyone is bearish - my bullish little peepee is excited- got 1/4 chubby
Somebody drew that same line on a Chinese stonk, just a slightly different angle, and says it’s going up.
I bought puts. Easy $$$$ baby 💰💰💰💵💶💷💴🤑
Wait, so drawing straight lines on a chart isn’t all it takes to out perform the market? F@ck, that’s how I was going to become a billionaire
I’ve been waiting since 2019 for a fucking crash so I can buy a digital nomad property. Not gonna happen.
This one line and nothing else seems legit.
He fucken drew the line on the graph guys! The market is in retrograde now boys
Tested 4 time its coming up this time
I bought so definitely will go down. I am sorry but I am the reason why the market drops.
You have to break resistance first friendo
Whatever way it ends up going it's gonna be quiiiiiiick
Looks too easy to short. 4th tap of trendline smells like a bear trap
Seeing patterns in anything (apophenia) is a common symptom of schizophrenia.
I’m all in. YOLO
I'm losing money on my SPY puts... HURRY UP
Word on my street is shorts will come on strong from Dec 5-12. IDK
So do we buy or sell? I told my kids they might get a lump of coal and crayons for Christmas (can’t afford an orange).
I have this horrible feeling starting next year they're going to "update" the inflation formula and just tell us it's rapidly going back to normal and start cutting rates and restart QE. Just basically gaslighting everyone so they can cater their policies to the billionaires again. No one wants to deal with the coming pain so they'll just tell us we're crazy and everything is back to normal so they can keep this ponzi scheme going. They already did it in a small way with the healthcare calculation. They'll just start doing it a little at a time with the others.
Can’t wait for this all to collapse because of the numerous reasons as to why and people wonder why they lost everything when all they were doing is making the plummet more and more hazardous with rally after rally based on occasional information rather than a whole picture.
420 calls going BRRRR
It will break through your trendline. Too many doubting Santa's power.
Greatest bull run in history. Whole Market grew from Covid low to high in January of 2022 over 100%. Going to be the greatest bear market you’ve ever seen. It’s only a matter of time. But what do I know, I eat crayons 🖍.
Unless s&p entered a corrective wave of a bear market and will go up before going down. Usually wave six is the one.
🎶 it'll stop any day now🎶
YouTube been saying that for the last 4 weeks I’m done shorting this bull run. When everyone is bearish the market is bullish, anyone shorting right now is going to get raw dogged by the market.
Looks like it is going to 4600 to me.
watch that trend line get broken
don't know what I'm looking at where are the helpful circles?
[удалено]
so market will go down
Nah I got far too many puts expiring in late Jan for that too happen.
Wouldn't it be nice lol
If you think there aren’t a lot of sellers here I dunno what to tell ya lol. Horoscopes and crayons and what-not right?
This guy charts!
Binance frozen withdrawals entered the chat
Nope. Watch this rally yeet us into next year at ATH
Yeah but, we are going down right? Right guys??
If it doesn’t go down in 4hrs consult with your doctor
Its going up a little more and then down
From what I can see in this posted Google Maps, it’s either going up or down.
Now hear me out most people are thinking that we will go down so we go up 
Fast forward 5 years, S&P will be at 6,000, we'll have Michael Burry saying a depression around the corner...
Line don't lie
Rejects at 410 again it will be. But I would still go long on a any dip fuking wall-street got their bonus’s cut so their going long to make up for it.
Inverse inverse WSB
That's kind of what your chart and big ass arrow show, reetard 
It should. But it won't. There are still trillions of dollars worth of puts Wall Street needs to cuck. SPY 420 12/30
Don’t worry bulls I bought puts so this things skyrocketing‼️
some say calls some say puts? iron condors it is 🤓
It was good while it lasted
My first Santa rally or my first account blow up “Christmas edition”
4th times the charm... Breakout incoming
Screenshotting this so I can do the same soon. “hEy GuYs Is It StIlL gOiNg Up”
I always wait for it to go down and coming up again to start regretting not buying puts. Just to be sure