Yea $IREN is weak af. Sold my calls for small profit at $26 cuz the rejection wick was bad relative to $QQQ movement. As you can see $QQQ is still grinding up while $IREN rejected. Am fully 100% cash. I wanna enjoy my date. Good luck to all.

$QQQ $SPY The stock market is actually at a make or break level right now for tech. Many AI names are at the 200DMA or final local low with literally no support below (from the huge AI run up). Poorer quality AI names are already below 200D MA which will be more heavily shorted by HF algos so you can forget abt those names for awhile. I am really really hoping we bounce from here. If it is a violent one, likely a dead cat. Watch volume and breadth to see if it is a sustainable recovery. If it doesn't bounce, will close $IREN calls. That's my only position. Good luck to all.

Welp the flush did happen the bounce was lost post market. My calls are screwed (ss is before close)😂 $IREN Post market eating shit now gotta wait for 14 more hours to close this. If markets do a recovery tech bounce I'll hold. I realised Asia tech has been bleeding massive as well $HSTECH solana:7Lob7rg43kWwmreuxfSTuohun2atBHCXBUkW6KSfpump etc. Hope asia at least chops and doesn't crash. HK and China are at important support levels too.

Ready for the flush? We are seeing lots of pain pre-market especially AI names. Some are fcking down 5-8% today. $QQQ $SPY broke their descending channels (refer to post) and now retesting the lower trendline as we wait for market to open. Make or break here. Watch carefully. Waiting for $IREN to go long or short depending on markets. Either we break or bounce from descending 1Y trendline

$IREN I have 0 positions and 100% cash. I closed all my calls yesterday (I left a comment on the tagged post) because indices $IWM $QQQ had nasty rejections at 2 o clock after flirting at their resistances. $SPY $QQQ are looking to pull back to the bottom of their channels (inserted qqq as an example). This will bring markets down and likely a flush for $IREN I'm seeing a 4H RSI divergence for $IREN looks like a bounce is due especially when we are on a 1 year descending trendline. I'm really just waiting for a quick flush and recovery tonight and I will load up on calls. As long as it leaves daily hammers and close into the weekly as a hammer on descending trendline, should be bullish. Let's hope it doesn't pull a $WDC move. Fortunate to escape my calls unscathed, up about 2.2% on my account last night. In options focus on the main move and you don't have to capture the full move. The volatility in options is already nervewrecking enough. Few. NFADYOR -Solskjaer

I bought back $IREN calls again on the dip because it didn't break previous day lows (Closed some and reentered so the profits looks less on the ss haha) Anyways if markets rally into the week, we can see 30 for $IREN which is previous support turned resistance and 50D MA Fingers crossed. $RIOT as well. Am in tiny calls. Will update more frequently when I'm back

Acc ran +10% after flipping bull, trimmed near the top. I closed all and am done for the day. This wasn't peak profits btw😀 Because TP is for take profit, not take photo and I forgot to ss. Back to enjoying vacay. $IWM $MSTR $IREN

$GRAB update: Bounced from $3.7+ as previously drawn. RSI was oversold on daily (bounced 12 out of 12 times) + Grab CEO bought some and this lifted the stock. I don't hold any shares but I would take some profits / cut some losses on the way up. NFADYOR

Closed $IREN puts for profits on mild stock drop and bought some calls. Broader markets leaving wicks and gg rally up. Beta play here, I'm overseas so can't rlly update

$IREN Didn't even bother going to 31. Rejected 1H 100 MA and down we go. Testing low again? Hope for a fast capitulation VOLD negative and VOLDQ falling turning negative. Bad breadth I'm on the sleeper bus so tough to do charting and I missed the best entry for puts at the 100MA. Entered a bit late..

YO MASSIVE OUCH markets are wilding. Some AI names are down almost 10%. I'm all cash (finally stood up, accepted the L and cut all yest), but it's crazy how every alert is firing up my phone more than my ex could ever. Looking at INDICES this is not where you should be buying JUST YET. BE PATIENT. First, watch $SPY, seems fine and still on healthy support + MA. That's why your average consumer and defensive stocks are still holding up or even positive. Second, look at tech heavy $QQQ and equal weight $QQQE which are NOT DOING FINE. Gapped down nastily and inside a weak support area. On the weekly, an inverted hammer candle last week and bearish engulfing this week if it closes around this level. Not what you want to see on a higher timeframe. Yes I know it may look like a hammer candle on the daily right now but don't try to front run it. It always ends badly. Wait for confirmation and candle close. Close lower and we might see a further nasty rotation out of tech. Third, $SOXX and $SMH at last line of support. Lose that and we see reverse valhalla on most AI names down to 200MA, weaker names to multi year lows. To those who are holding a sh1t ton of AI stocks, listen up. I am fully 100% cash so I can give an objective view of the market, and my view is that it doesn't look bullish short term at all. Don't look at $SPY for clues for a tech growth momentum bounce. Look at $QQQ and yeap there you go. Reminder, for the sake of your account: DO NOT revenge trade, DO NOT double down without confirmation, DO NOT go all in. Side note: During the June July AI massacre, I was barely aware of AI stocks, how they move, their volatility, selloffs and max pain. I was happily and innocently holding $NOW and $MSFT , he he ha ha -ing through the SaaS bounce and I thought it was that easy. Now that I have touched some AI names, I have felt a 1st degree burn and I understand the game now. Be like water, and adapt to the markets. NFADYOR -Solskjaer

Neoclouds $IREN $NBIS bearish engulfing and falling on double the volume. $NBIS broke below 200D EMA and rejected. $IREN already in freefall. Next Monday, together with broader markets and AI, we might see a relief bounce. $IREN to $31 $32 and $NBIS to $180 before they try lower again. Should these levels break below, $IREN has more room to fall (to $19) than $NBIS. It's the same when $GOLD $GLD fell 20% in 3 days after a multi year rally. You essentially have no previous support and resistance to anticipate some buying interest at the very least. So everyone is just piling to sell and gtfo. Remember, $IREN to $19 if this breaks. NFADYOR -Solskjaer

$CRWV unfortunate update it broke the triangle. I cut at 86 cuz the entire market looked unpleasant in terms of breadth and momentum. Lose 80 and we see 73. Will watch on the sidelines.