Anyway, I wanted to ask what’s your stop loss level in SOXX?

Also is it objective to short now on Q’s??? Bcoz I have seen many times in the past you suggested its objective to Short before trendline breaks simply bcoz of RR ratios. As some day market may crash 10% over night and it won’t be objective level at that moment to short.

Any thoughts???

Also on previous videos I was talking about your 20 SMA on Monthly TF (You called it as IRA indicator). You never flipped your bias to Bullish once we had Monthly candle close above 20 SMA on SPY and QQQ.

good, now can start marching to 10K, might take rest of year though

ES is at 5019 now!

Regional banks collapsing again (see KRE), so people rotating out of everything into the safety of the MAG7. Since they’re all so big they’re monopolies and thus have infinite pricing power.

I can’t make a decent case to be long or short BA at this time but feel free to bump me on it again later.

SOXX (the +1x to SOXS’s -3x) still a swing/trend short trade as long as it remains below the top of the Jan 25th bearish engulfing candlestick. Right now it is testing (for the 4th out of the past 5 sessions) the primary uptrend line off the Oct lows with the next objective short entry or add-on to come on a solid break and/or daily close below it. Daily chart below

I’m watching for (and leaning towards) META falling back into & ultimately backfilling the earnings gap. If that happens, it will help support the case that was an exhaustion gap, thereby a potential major top/start of new primary downtrend.