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Why He Cut Down to 38% Right Before This Rally

NowPress play to follow along0:00 / 12:19
Chapters7 segments · tap to seek
ticker lesson

Breakdown

0:00lesson

ES rally and overhead supply

  • ES rally after Friday's limp performance
  • Momentum feeds on itself
  • Approaching overhead supply
  • Not frantically shorting
  • Cautious about future rallies
2:04lesson

ES vs ENQ and recovery patterns

  • ENQ recovery after collapse
  • Bottoming and recovery pattern
  • Cautious about future highs
  • Overhead supply thickens
  • Slowdown expected
4:02Nvidia· ticker

Nvidia 30% loss and recovery

  • Nvidia lost 30% of its value
  • Recovery mode underway
  • Precious metals dusting off
  • Gold above $4,000
  • Silver trend line test
5:58Accenture· ticker

Accenture down 2% after rally

  • Accenture down 2%
  • Rallied from June
  • Shorted last week
  • Acting weird for contrarian
  • Red on screen
7:38IEF· ticker

IEF down with March puts

  • IEF down slightly
  • March puts as giveaways
  • Patience with trade
  • Overhead supply on IEF
  • Interest rates cooking higher
9:24SpaceX· ticker

SpaceX rally and overhead supply

  • SpaceX up but weak
  • Conquering overhead supply
  • Relief rally may exhaust
  • Short sales possible
  • CPI tomorrow
11:09MNQ· ticker

MNQ short put and V related trades

  • Short 32 250 put in MNQ
  • Year-long trade
  • V related trades
  • Collecting $400
  • Shorting Vega

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