AP πŸ“ˆ (@Trader_Pow) header
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Everything's just BS excuses to buy or sell under or overpriced vol, fake narratives spread by Wallstreet to create vol events.

Joined April 2022
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πŸ”΄ ⚠️ BREAKING: Washington and Tehran have made concessions regarding the Iranian nuclear program and frozen funds", Al Araby Al Jadeed reports, citing Sources
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We've reached 2.618 ext on this leg down $QQQ
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If you do a fib off the value area since June We are right at the 1.618 extension now Whether this is the bottom, or market wants to target 2.0 extension We should be due for a relief rally NFA $QQQ
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So today Big intraday moves with the SPX, while closing at ~0.5% The fly/condor paid
My honest opinion on how to trade Monday? After such a vol up spot down day like today The following session tends to have a wide range but go nowhere These are some of my favorite days I have already opened a few short vol trades to monetize A mixture of flies and condors, all defined risks that I am happy with either outcome NFA $SPX
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Interesting day SPX 3rd straight down close -3.55% off highs below its 20/50DMA QQQ sitting on its 200D VIX 21.15, front end inverted into the election. Historical analogs (SPX+QQQ+VIX paths, n=25): +1.68% avg over 20 days 🟒 up 76% vs a 61% baseline 🟒 Context, not a forecast.
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Sometimes when ppl say fibs don't work Just show them this Today the Nasdaq bottomed right at the 1.618 And there are countless times when impulsive price action behaves that way $NQ $QQQ
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My honest opinion on how to trade Monday? After such a vol up spot down day like today The following session tends to have a wide range but go nowhere These are some of my favorite days I have already opened a few short vol trades to monetize A mixture of flies and condors, all defined risks that I am happy with either outcome NFA $SPX
Replying to @Trader_Pow
5) Does a Friday $SPX drop of 1.5% or more tell you anything about Monday? After 178 such Fridays, the next day averaged βˆ’0.22% and was up 55% of the time. All days: +0.03% / 53%. That's no edge. 1 in 10 next days fell 2.8% or more, so plan for range, not direction.
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We just had some insane price action past two weeks. Let's look back and see what tends to follow: 1) $SPX fell 1.82% today with VIX more than 3 pts above its 50-day avg. After 201 days like this since 1990, SPX averaged: 1 wk: +0.76% (60% up) 2 wk: +0.99% (66%) 1 mo: +1.50% (66%) All days: +0.77% / 64% over 1 mo. Since 2022: +2.49% / 70% (n=30).
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4) Midterm-year Novembers for $SPX, 1964–2025: All Novembers: +1.61%, 69% up (n=62) Midterm years: +2.12%, 80% up (n=15) First 5 days of Nov, midterm years: +1.51%, 87% up The losers: 1974 (βˆ’5.3%), 1994 (βˆ’4.0%), 2010 (βˆ’0.2%).
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5) Does a Friday $SPX drop of 1.5% or more tell you anything about Monday? After 178 such Fridays, the next day averaged βˆ’0.22% and was up 55% of the time. All days: +0.03% / 53%. That's no edge. 1 in 10 next days fell 2.8% or more, so plan for range, not direction.
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The $QQQ just tagged the weekly open at ~704 Seems a bit excessive to the downside
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lol 🀣
TRUMP WARNS DEMOCRATIC MIDTERM VICTORY WOULD TRIGGER 1929-STYLE ECONOMIC DEPRESSION
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Let's make it easier $GOOGL
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Need $QQQ to hold 712-715, or else we may see another lower low (<700) $AMZN earnings maybe the push market is waiting for, up or down Hyperscalers ERs have been mixed so far, so I don't really have a directional bias atm But if we get another lower low, that will be my next entry for another swing long NFA
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Doesn't look good when a stock retraces up 61.8% and then craps 🩸 $NOW
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BOOM
IRAN'S FOREIGN MINISTER: WHILE OUR BRAVE ARMED FORCES ARE FULLY PREPARED TO DEFEND THE HOMELAND, IRAN CONTINUES TO GIVE DIPLOMACY A CHANCE TO SUCCEED
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Hope everybody's port recovered nicely today Keep in mind that unless we closed > 728 on the Qs, it's still a series of lower highs and lower lows Let's hope FOMC will confirm the trend change $QQQ
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