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@davemadruga

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Forecasts & Fibonaccis

Montréal, Québec
Joined May 2021
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@davemadruga
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@davemadruga
5 months
I tweeted this on Oct-21, claiming that the following week would produce a market bottom. Overall market then bottomed on Oct-27. I also claimed that a “monster rally” would follow. We just had an EPIC November… just 2 more months to go before history is made $SPX $NDX $DJI $RUT
@davemadruga
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@davemadruga
7 months
$TNX, $VIX and $DXY all showing bearish divergences. Multiple tech ETFs/indices showing bullish divergences. Market in fear mode. “Black Monday” trending. YOU tell ME what happens next 😉. Imo, we get a market bottom next week and a monster rally for the next 3 months.
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@davemadruga
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@davemadruga
9 days
@McClellanOsc Lol what a terrible take this is. It’s one thing disagreeing with the protestors, but to condemn older graduates who had absolutely nothing to do with it just because your feelings are hurt? This is worse than woke cancel culture. “Guilt by past association”
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@davemadruga
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@davemadruga
1 month
@garysavage1 Gary - you usually side against the elitists, mainstream media or “cartels”, so ask yourself the simple question: who’s side does the mainstream take on this issue? Who does the military ind. complex & banksters support? If you can answer that, then you know who’s in the wrong.
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@davemadruga
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@davemadruga
4 months
Contrary to popular belief, the #uranium sector is topping. Most on twitter are very bullish. I expect a multi-month downtrend to begin soon (approx. -45% on URA) in order to backtest the bull flag that started in late 2021, before starting the next huge run up. $URA $DNN $CCJ
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@davemadruga
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@davemadruga
1 year
@dana_marlane Been hearing this for WEEKS now. Sentiment still remains bearish. Retail shorts at record levels and fintwit bears STILL calling for downside. Until the majority of bears of capitulate, this thing is going higher regardless of how much you hate it.
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@davemadruga
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@davemadruga
2 months
@SamanthaLaDuc “Gold smells a market melt-up”… could you elaborate? markets have been in a melt-up for the last 4 months straight
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@davemadruga
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@davemadruga
1 year
@SamanthaLaDuc Not a chance. The last few days have been a BEAR trap, with everyone and their dog bearish calling for crashes.
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@davemadruga
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@davemadruga
18 days
Below comment was made in regard to the current daily cycle for $NVDA. My puts exploded higher today and we are well on the way to a failure (price below 660), most likely by the end of April as explained by @airlovsky $NDX $SPX $SOX
@davemadruga
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@davemadruga
1 month
@airlovsky Thnx. Me thinks it fails. Let’s see
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@davemadruga
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@davemadruga
4 months
Bach is a great analyst and although I agree with many of his views, I don’t agree with this one. I believe $BTC has peaked as well as the miners (or at least close to peaking)
@MortensenBach
BACH
@MortensenBach
4 months
We’re slowly starting to enter the parabolic stage for #Bitcoin miners 🚀 This is a stage where price starts to move more and more vertically! BTC is down today, yet many of the miners are going green and are up significantly! - They are following the projected roadmap. H1…
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@davemadruga
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@davemadruga
4 months
@MarketObserver8 @LaBaquettes My targets are: $SPX ~ 5,200-5,500 $NDX ~ 18,000-19,000 $DJI ~ 40,000-44,000 Obviously I don’t have a crystal ball, so I prefer to give ranges, and actual price can also go above these ranges if this thing gets dragged out further. Also, my $DJI target is a little less certain
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@davemadruga
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@davemadruga
2 months
@jasongoepfert Every single comment on this post is bullish, laughing at the author. Contrarian sign. @jasongoepfert looks like you’re doung something right.
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@davemadruga
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@davemadruga
1 year
@WifeyAlpha The fact that bears are still taking victory laps tells me that this rally still has legs
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@davemadruga
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@davemadruga
1 month
@garysavage1 The amount of crash calls I’ve seen today makes me think it goes higher for at least the next few days. It’s coming for sure, just not when everyone and their grandma is calling for it
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@davemadruga
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@davemadruga
3 months
Going out on a limb here: Markets top out on Feb 13th or 14th (mainly $NDX and $SPX, not sure about $DJI). The Fibonacci’s say so.
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@davemadruga
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@davemadruga
12 days
@great_martis This would suggest that we have another lower low from here, followed by a nice bounce back, followed by the crash move
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@davemadruga
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@davemadruga
4 months
We always see this. At the peak of a market, people come out with ridiculous upside projections. As I’ve been saying, in my opinion, $BTC and the rest of the miners have topped for the foreseeable future. And this is coming from someone who’s been VERY bullish since Nov 2022.
@Freedom_By_40
Freedom By 40
@Freedom_By_40
4 months
When asked about #Miners upside: $MARA 5B $RIOT 3B $CLSK 2B $HUT 1B $BTDR 1B $CIFR 1B $BITF .93B $WULF .57B $IREN .47B $HIVE .39B Total Miner MC ~ 15.5B $BTC 822B and heading to 2.5T conservatively Doggy coin $DOGE 13B Miners will go absolutely bonkers
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@davemadruga
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@davemadruga
2 months
Flashback to my targets laid out in early January: $NDX hit ~18,100; within target range. $SPX hit ~5,110; very close to target range. $DJI hit ~39,300; very close to target range. I also had a minimum target of 212 on $IWM, which got kind of close, but unfortunately didn’t hit.
@davemadruga
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@davemadruga
4 months
@MarketObserver8 @LaBaquettes My targets are: $SPX ~ 5,200-5,500 $NDX ~ 18,000-19,000 $DJI ~ 40,000-44,000 Obviously I don’t have a crystal ball, so I prefer to give ranges, and actual price can also go above these ranges if this thing gets dragged out further. Also, my $DJI target is a little less certain
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@davemadruga
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@davemadruga
12 days
@3PeaksTrading Agreed, Jason. The amount of victory laps I'm seeing on X right now is funny. Just a backtest of the 21 EMA
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@davemadruga
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@davemadruga
2 months
@MortensenBach Honestly I disagree. Following people who disagree with you is absolutely key to gauging market sentiment and avoid being in an echo chamber.
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@davemadruga
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@davemadruga
9 days
@regalcoyote18 @McClellanOsc What about students who recently graduated in medicine or engineering, who’s classes are solely based on science and nothing to do with ideology or geopolitics? All of a sudden they all become unqualified?
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@davemadruga
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@davemadruga
9 days
@ThinkingJack67 @McClellanOsc You can literally use that same logic for everything. “Many mobsters are italian therefore I don’t want to associate with any of them” is an example. It’s a lazy way of thinking.
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@davemadruga
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@davemadruga
4 months
Within a few hours of posting this, about 10 “UrAnIuM 2 tHe MoOn 🚀🌕” accounts started viciously attacking me like I’m some novice lol. I’ve been buying/selling U miners for the last decade. I now feel twice as good about this call….. ahhh gotta love sentiment! $URA $DNN $CCJ
@davemadruga
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@davemadruga
4 months
Contrary to popular belief, the #uranium sector is topping. Most on twitter are very bullish. I expect a multi-month downtrend to begin soon (approx. -45% on URA) in order to backtest the bull flag that started in late 2021, before starting the next huge run up. $URA $DNN $CCJ
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@davemadruga
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@davemadruga
2 years
@MFHoz Omg I thought I was the only one who noticed. Literally EVERYONE has been calling for the “PaRaBoLiC mElTuP”
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@davemadruga
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@davemadruga
28 days
The last thing I wanna do is to come off as another one of these crash-calling fintwitt permabears… but people who have been following me since 2022 know that this has been my thesis from DAY ONE… An epic melt-up, followed by a disastrous crash. $SPX $NDX $DJI
@davemadruga
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@davemadruga
28 days
Interestingly enough, this lines up with a separate fibonacci roadmap and cycle analysis that I created which basically puts May 23rd-28th, 2024 as a potential crash low. I know this may sound like hocus-pocus, but these patterns have shown up at several crashes in history.
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@davemadruga
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@davemadruga
1 year
@CyclesFan I see many on twitter back to calling for new lows and crashes. All I see is a perfect backtest of the 200 day MA and the declining trendline connecting all previous peaks going back to ATH
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@davemadruga
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@davemadruga
1 year
@MichaelMOTTCM One pullback and the bears are already calling for new lows. Bullish.
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@davemadruga
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@davemadruga
4 months
Exactly why you should be long this market. Bearish sentiment has been increasing consistently over the last 2 weeks. Wake up. We’re in a 3-phase melt-up as I’ve been saying for the last 8 months. $SPX $NDX $DJI
@NorthmanTrader
Sven Henrich
@NorthmanTrader
4 months
Asset managers drop long exposure and $SPX proceeds to make new all time highs. Idiots😂
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@davemadruga
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@davemadruga
7 months
@David_Tracey Spot on! SPX 5200-5300 has been my yarget for a while now
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@davemadruga
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@davemadruga
3 months
Many market participants just turned extremely bearish! The top may be in (2 days from my projected 02/14 top) although based off several factors (including below) I still believe a new high could come this week. Everything is lined up for an epic short squeeze here💥 $SPX $NDX
@jaredhstocks
Jared
@jaredhstocks
3 months
After CPI, $SPY now has one of the highest put open interest in history! 16 million contracts. 30 Day Implied Volatility is now at a 3 month high, dating back to November 2nd, 2023. Skew just recorded its highest reading since October 25th, 2023.
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@davemadruga
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@davemadruga
1 year
@VolatilityVIX That was literally one of the best WC finals in recent memory. Pointless to come out with such snarky comments just because you dislike the sport. That in itself is “childish” as you’ve described
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@davemadruga
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@davemadruga
4 months
@jfahmy Based on what Im seeing, this correction is very hated. Most keep trying to call the bottom… which tells me we have a few more red days before the next leg higher
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@davemadruga
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@davemadruga
14 days
So many “SPX 6000” bulls on my feed taking victory laps and screaming that the bottom is in. This is exactly what we want to see. 21 EMA backtest almost complete (already completed on DJI, RUT and NYA) $SPX $NDX $DJI $VIX
@davemadruga
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@davemadruga
20 days
Looking for a *short-term* bullish reversal in stocks here that should backtest the 21 EMA (daily). After that, more downside into end of April/start of May. Seeing many bulls in denial, trying to call every bottom. They will continue to be in denial all the way down. $SPX $NDX
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@davemadruga
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@davemadruga
2 months
Closed half my position on $META 475 puts today, since it hit my price target. Over 400% gain… not too bad. I expect further downside in the market, although I had to be cautious and take advantage here. $SPX $NDX $DJI
@davemadruga
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@davemadruga
2 months
Added to my shorts on $NVDA, $AMD, $SMCI and $META today. Looking for a bottom sometime mid next week, then a final FOMO rally to punch in a final long-term peak in the market. $SPX $NDX $DJI
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@davemadruga
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@davemadruga
25 days
I often see macro dudes and options bros say “chart patterns are useless”. Well here is a flashback to my $SMH call at the October lows. This cup & handle/bull flag pattern measured move played out TO THE TEE. I also posted several follow-ups to this post. $NDX $SPX $SOX
@davemadruga
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@davemadruga
6 months
$SMH This may be one of the most beautiful cup&handle/bull flag patterns I’ve seen. Note the volume spikes near each of the major turning points (which we have now), bullish backtest of the 200 MA, and positive RSI divergence right now. Good luck if you’re short. #semiconductors
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@davemadruga
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@davemadruga
28 days
Interestingly enough, this lines up with a separate fibonacci roadmap and cycle analysis that I created which basically puts May 23rd-28th, 2024 as a potential crash low. I know this may sound like hocus-pocus, but these patterns have shown up at several crashes in history.
@davemadruga
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@davemadruga
28 days
Obviously, ~02/14 didn’t end up being the peak, and I was forced to slightly change my outlook and push out the peak to the next major turning point (end of March 2024). But the approx. 55-day deathcount remains valid. That aligns with around May 20-28th as a period of chaos.
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@davemadruga
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@davemadruga
4 months
Closed all of these short positions, as I believe an overall market bottom is either IN or close to being in. Overall, $IWM put was the biggest winner. Final stock market parabolic melt-up awaits. $SPX $NDX $DJI
@davemadruga
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@davemadruga
4 months
Santa rally was non-existent. I expect this correction to continue probably until Friday-Monday. My puts bought last Thursday on $TSLA, $IWM & $AMD are flying. Once correction is done, we will see one of the greatest stock market melt-up rallies of all time. Also, $BTC top in.
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@davemadruga
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@davemadruga
2 months
Added to my shorts on $NVDA, $AMD, $SMCI and $META today. Looking for a bottom sometime mid next week, then a final FOMO rally to punch in a final long-term peak in the market. $SPX $NDX $DJI
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@davemadruga
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@davemadruga
9 days
@Aardvarkofrage @regalcoyote18 @McClellanOsc Understood. All I’m saying is that Guilt by association should never be the answer. Simply saying “well, too bad for them” is just lazy.
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@davemadruga
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@davemadruga
11 days
As of today, all the main indices (SPX, NDX, DJI, RUT, NYA) have all backtested their respective 21 EMAs. Big flush coming soon ⬇️
@davemadruga
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@davemadruga
14 days
So many “SPX 6000” bulls on my feed taking victory laps and screaming that the bottom is in. This is exactly what we want to see. 21 EMA backtest almost complete (already completed on DJI, RUT and NYA) $SPX $NDX $DJI $VIX
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@davemadruga
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@davemadruga
23 days
@CyclesFan Probably small gap-down followed by a multiday rally. Same exact thing happened with Putin's initial invasion on Feb 24, 22'. But mkt only bottomed Oct 22' But don't get hopes up, looks like it's just getting started and already seeing fintwitt take victory laps that "it's over"
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@davemadruga
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@davemadruga
2 months
Am I the only one who thinks the market bottomed today or will bottom on Monday? Seems like the majority are cautious and expect further decline here. I’m looking for a strong push higher here. $SPX $NDX $DJI
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@davemadruga
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@davemadruga
6 months
@FinanceLancelot Once again, no crash coming. Bears about to be abs slaughtered
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@davemadruga
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@davemadruga
1 year
@Jacksco17824518 @CyclesFan All of his posts are in absolute terms. He also often flips on his calls
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@davemadruga
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@davemadruga
4 months
Seems like $DJI simply had to backtest the 21 EMA, which it hasn’t done for the entire rally. This is a bottom imo $SPX $NDX $DJI
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@davemadruga
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@davemadruga
2 months
Today is yet another day where $BTC goes vertical and the miners shit their pants. I’ve been following the sector long enough to know that this is a clear topping signal for the sector. $MARA $RIOT $BITF $HUT $HIVE
@davemadruga
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@davemadruga
2 months
@won28481690 @MortensenBach The fact that BTC is up like it is and the miners have fizzled out are pretty clear signs of a top. Also, almost everyone is completely bulled up. Being a contrarian is important here imo.
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@davemadruga
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@davemadruga
4 months
Don’t want to jinx it, but so far so good. $IWM $RUT $TNA
@davemadruga
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@davemadruga
4 months
My bet is that small caps outperform and blow it out of the park next week 🚀 $IWM $RUT $TNA
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@davemadruga
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@davemadruga
3 months
@SmartReversals If you look at lower timeframes, its a clear bullflag.
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@davemadruga
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@davemadruga
2 months
This is spot on. I’ve never seen retail as bullish as they are right now. I’ve seen many over the last few days try their hardest to explain as to why no pullbacks will happen from here. Seems like many are in love with the David Hunter SPX 7,000 thesis.
@David_Tracey
Godzilla Trader 🦖
@David_Tracey
2 months
Twitter was full on bearish at the October lows. Now I don’t think I’ve ever seen Twitter this bullish. Chasing ATHs this early in the year is a poor trade imo. Might work for a few more weeks I don’t know - but is it sensible investing. Not in my opinion.
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@davemadruga
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@davemadruga
2 months
@luctraderx End of march top, but thats just my best educated guess
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@davemadruga
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@davemadruga
4 months
Update from a few days ago: $TNX has successfully backtested the 200 MA, where it was swiftly rejected. I now expect the descent to ramp up, where it will move down to hit the wedge line (see pic). Basically, a move from 4.1% to around 3.3% on the 10-yr bond. That’s a 20% drop 😳
@davemadruga
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@davemadruga
4 months
The pullback in bond yields $TNX called for below played out perfectly, coinciding with a monster 2-month melt-up rally, as mentioned. Now moving back up to test the 200 MA, where it will begin its descent to backtest the wedge. This drop will spark the final melt-up rally.
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@davemadruga
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@davemadruga
3 months
@3PeaksTrading A big bounce tomorrow followed by more big fat dumps.
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@davemadruga
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@davemadruga
10 months
@ArcisFX I smell a russia scare over the weekend like last friday 😵
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@davemadruga
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@davemadruga
3 months
@MarketObserver8 @dreddy_19 The real crash only starts in late March imo. Until then there will be ups and downs I think IWM and SPX can make a new top early next week, not super sure sbout ndx though
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@davemadruga
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@davemadruga
28 days
Obviously, ~02/14 didn’t end up being the peak, and I was forced to slightly change my outlook and push out the peak to the next major turning point (end of March 2024). But the approx. 55-day deathcount remains valid. That aligns with around May 20-28th as a period of chaos.
@davemadruga
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@davemadruga
3 months
@dreddy_19 After 02/14, the 55-day deathcount begins
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@davemadruga
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@davemadruga
7 months
@SamanthaLaDuc “Buy on the sound of cannons, sell on the sound of trumpets”
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@davemadruga
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@davemadruga
4 months
Since this post, $MARA went down almost -45%. I am now expecting a nice bounce in the sector; although as I’ve said several times, $BTC & the miners will not be hitting higher highs anytime soon. I still remember $BTC permabulls telling me I was delusional because “etf is here!”
@davemadruga
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@davemadruga
4 months
Adding to $MARA puts AGAIN. Mark my words, this thing is gonna PLUNGE
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@davemadruga
1 year
@leadlagreport Highly doubtful. VIX got completely rejected at 21 EMA today... go look at the last few times that happened over last 2 months. In other words, VIX still looks pathetic. If a crash was really around the corner, it would be reacting HEAVILY, just like the covid crash
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@davemadruga
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@davemadruga
1 year
@Gasino11 Everyone expecting a pullback. Everyone stating xyz fundamental reason to be bearish. In other words, Up we go.
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@davemadruga
3 months
After diddling around for over 2 weeks and frustrating everyone, small caps finally breaking out of consolidation. $IWM $RUT $TNA
@davemadruga
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@davemadruga
3 months
@SmartReversals If you look at lower timeframes, its a clear bullflag.
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@davemadruga
4 months
My bet is that small caps outperform and blow it out of the park next week 🚀 $IWM $RUT $TNA
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@davemadruga
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@davemadruga
11 months
@SilverChartist @jessebday Silver is due for a technical bounce here but after that, lower imo. Poor participation by the miners on green days and the GS ratio on longterm charts is screaming for higher.
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@davemadruga
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@davemadruga
1 year
@captain__tripss @AlessioUrban @leadlagreport He was calling for an April crash (just like he did in December and March) and I disagreed and he blocked me. Now we are midway through April and the market is rallying with no crash in sight. Guy has zero accountability and just shifts his goalposts around
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@davemadruga
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@davemadruga
2 months
Several followers messaged me asking for updated targets, so here they are: $SPX ~ 5,400-5,500 $NDX ~ 19,100-19,600 $DJI ~ 41,000-43,000 As you can see, they are not too far off from my targets shown below in January
@davemadruga
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@davemadruga
4 months
@MarketObserver8 @LaBaquettes My targets are: $SPX ~ 5,200-5,500 $NDX ~ 18,000-19,000 $DJI ~ 40,000-44,000 Obviously I don’t have a crystal ball, so I prefer to give ranges, and actual price can also go above these ranges if this thing gets dragged out further. Also, my $DJI target is a little less certain
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@davemadruga
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@davemadruga
1 year
@airlovsky Nice call Air. We both called for 4$. Currently offloading my shorts in increments here...
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@davemadruga
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@davemadruga
12 days
@3PeaksTrading Yup. I actually posted similar last week:
@davemadruga
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@davemadruga
20 days
Looking for a *short-term* bullish reversal in stocks here that should backtest the 21 EMA (daily). After that, more downside into end of April/start of May. Seeing many bulls in denial, trying to call every bottom. They will continue to be in denial all the way down. $SPX $NDX
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@davemadruga
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@davemadruga
4 months
All 3 major indices at fresh ATHs, and $TNX and $DXY have barely even started their descents after rejecting their 200 MAs. Melt-up. $SPX $NDX $DJI
@davemadruga
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@davemadruga
4 months
Rally coming ⬆️ Coupled with the fact that many are calling for a pullback… even though markets have been consolidating for the last 3 weeks
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@davemadruga
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@davemadruga
1 year
@Jedi_ant Everyone and their dog on twitter has been kicking and screaming with “sell signals”. It’s simple, just follow sentiment. Many are still in complete disbelief over this rally. When the bears buckle and capitulate, that’s when you sell. For now, up we go
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@davemadruga
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@davemadruga
3 months
Everybody knows the market is in lala land. But the more people call it a ponzi, the higher it will go. Stop trying to apply logic to an illogical market. $SPX $NDX $DJI
@endless_frank
Endless Capital
@endless_frank
3 months
The market only goes up but nothing participates. Deserves to go to 0 like all ponzi’s.
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@davemadruga
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@davemadruga
3 months
Multiple accounts on X that have been bearish over the past year capitulated today ✅ Market in extreme greed ✅ 4x bearish divergence on all 3 major indices ✅ Stock noobs talking about NVDA ✅ … Not saying it can’t go higher… But oh man, we’re close. $SPX $NDX $DJI
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@davemadruga
3 months
$SPX 5,000 hit in the last minute of trading. Thank you all for participating in the world’s biggest casino!
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@davemadruga
3 months
5,000 BECKONS. $SPX
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@davemadruga
2 months
People pumping crypto stocks and buying every dip over the last few months are about to enter a world of pain over the next few weeks. $BTC $MARA $BITF $RIOT
@davemadruga
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@davemadruga
2 months
Today is yet another day where $BTC goes vertical and the miners shit their pants. I’ve been following the sector long enough to know that this is a clear topping signal for the sector. $MARA $RIOT $BITF $HUT $HIVE
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@davemadruga
3 months
Finally closed out $NVDA trade. 02/16 700 Calls +2700% 02/09 660 Calls +1000% Held each for around 2-3 weeks Absolutely insane. $NVDA $SMH $SOX
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@davemadruga
3 months
$SMCI 03/01 650 puts bought yesterday before close for $6.25, sold today before close for $21 (+236%). Not too bad for a first nibble. I believe $SMCI will have a strong bounce back early next week, where I will be taking another short, but this time it will be bigger
@davemadruga
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@davemadruga
3 months
Just had to take a little stab at $SMCI puts today. It just looks so blow-off toppy here $NDX $SOX $SMH
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@davemadruga
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@davemadruga
20 days
Looking for a *short-term* bullish reversal in stocks here that should backtest the 21 EMA (daily). After that, more downside into end of April/start of May. Seeing many bulls in denial, trying to call every bottom. They will continue to be in denial all the way down. $SPX $NDX
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@davemadruga
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@davemadruga
4 months
$AAPL. It usually moves big before others and signals a market reversal. Double backtest of 200 MA & nice close above the 21 EMA and descending trendline. Target is now the blue line above (which connects the 2022 high and summer 2023 peak). Good luck if you’re short the market.
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@davemadruga
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@davemadruga
4 months
@MortensenBach 🤙🏼 yes my friend
@davemadruga
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@davemadruga
4 months
@aventroDE @CyclesFan A new ATH tomorrow is likely. If not, next week is in the bag
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@davemadruga
3 months
My girlfriend just texted me telling me that “everyone at work is telling me to buy $NVDA, should I buy it?” She does not work in finance. This is an extreme sell signal imo.
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@davemadruga
1 year
@MichelleAddy1 @captain__tripss @AlessioUrban @leadlagreport He needs to block in order to prevent others from seeing him get called out on his wrong calls and his fund’s abysmal performance.
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@davemadruga
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@davemadruga
3 months
Another note on $natgas. This commodity makes me laugh. So many people on X are addicted to trading this thing and get so emotionally attached to their bias. I don’t think I’ve seen a single account call it accurately. I guess that’s why they call it the widow-maker 🪦☠️
@davemadruga
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@davemadruga
3 months
Been a while since I updated on $natgas. As seen below, price was only able to reach the beginning of my target region. Either way, I got this call right. #NaturalGas is in a yearly downtrend and is only going lower from here, after a bounce to 21 EMA (see chart below).
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@davemadruga
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@davemadruga
4 months
The pullback in bond yields $TNX called for below played out perfectly, coinciding with a monster 2-month melt-up rally, as mentioned. Now moving back up to test the 200 MA, where it will begin its descent to backtest the wedge. This drop will spark the final melt-up rally.
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@davemadruga
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@davemadruga
7 months
Just a flashback to my $TNX call from 2 months ago. I now expect a pullback in bond yields as the stock market enters its 2nd melt-up phase.
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@davemadruga
4 months
@dtarian04 Natgas is in a yearly downtrend. Just a week ago you were calling for much higher and it dumped massively. It’s like you just dont wanna see it
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@davemadruga
7 months
@NorthstarCharts Market events don’t come when everyone is anticipating it. I agree that it’s coming soon, just not now.
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@davemadruga
18 days
I'm seeing so many bulls on X who remain in denial about this market decline. Although I expect a bounce to materialize from here, I also believe we make lower lows after that, as well as a grand finale crash to begin in May. $VIX $SPX $NDX $DJI
@davemadruga
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@davemadruga
20 days
Looking for a *short-term* bullish reversal in stocks here that should backtest the 21 EMA (daily). After that, more downside into end of April/start of May. Seeing many bulls in denial, trying to call every bottom. They will continue to be in denial all the way down. $SPX $NDX
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@davemadruga
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@davemadruga
2 months
$TNX UPDATE: I still expect a backtest of the bull flag, although it will take longer than I originally expected since yields have made a higher high in the last few weeks. *IMPORTANT*: I now expect stocks and yields to drastically fall together. In other words, A FEAR TRADE.
@davemadruga
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@davemadruga
3 months
Yields have plunged since this post. Here is an alternate view of $TNX from my previous thread of posts on yields. As seen below, TNX broke below the bear flag and did a simple backtest of the 21 EMA today. It will now continue plunging until the backtest of the big bull flag
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@davemadruga
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@davemadruga
4 months
Adding to $MARA puts AGAIN. Mark my words, this thing is gonna PLUNGE
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@davemadruga
4 months
Added to my $MARA puts. This thing is about to plunge $BTC
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@davemadruga
11 months
@MortensenBach Nice little rotation from tech to bitcoin is around the corner before both resume up together
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@davemadruga
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@davemadruga
4 months
@Mr_Derivatives Or maybe… just maybe…. Investors are selling chinese stocks and putting their money in the US. Why does there always need to be a correlation?
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@davemadruga
3 months
$BTC tops out on on ~February 14th. The fibonacci’s say so. $BTC $ETH $MARA
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@davemadruga
3 months
Sold majority of long positions today, including all semiconductor plays. Markets could definitely continue higher here (as my original price targets were higher), although my bullish forecast timeframes have reached their limit and risk is seriously high here. $SPX $NDX $DJI
@davemadruga
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@davemadruga
3 months
Going out on a limb here: Markets top out on Feb 13th or 14th (mainly $NDX and $SPX, not sure about $DJI). The Fibonacci’s say so.
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@davemadruga
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@davemadruga
6 months
@MortensenBach Bullish and long here too. Check my post from 2 days ago!
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@davemadruga
6 months
BOOM. Although there was a $BTC & crypto miner spike one day after I posted this, it fizzled out for the most part. ON THE OTHER HAND… the spike today did not fizzle out and will most likely lead to a sustainable run in the miners. I’m long.
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@davemadruga
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@davemadruga
4 months
@KevinUranium3O8 I have no shorts. Why do I need to be short in order to make a downside call? The original post clearly that it’s MY OPINION. And already made great gains in uranium. Im happy dont you worry
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@davemadruga
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@davemadruga
22 days
@rsong1888 @airlovsky Probably yes, But my view is that it will be closer to May 20-28 around there
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@davemadruga
2 months
@EveryNameEver @EdwardGofsky Lol crazy eh? Bearish for all of 2023 and now this…
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@davemadruga
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@davemadruga
2 months
@thuhkang You and almost all of X saying the same. Me thinks he comes out dovish.
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@davemadruga
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@davemadruga
3 months
Contrary to popular belief, the majority are bearish here. Almost everyone still saying a pullback is here. I remain bullish. $SPX $NDX $DJI
@davemadruga
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@davemadruga
3 months
March rate cuts are not fully priced in though. The % probability has been falling over last few weeks. If he comes out saying that cuts are most probably coming/dove talk, probabilities will move back up and markets will continue flying high. Still many calling for pullback
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@davemadruga
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@davemadruga
2 months
Some have been calling me out for my newly bearish view 2 weeks ago. I‘ll admit I was slightly too early on getting bearish, and based on recent price action, I believe a pullback may come before a final high. As a reminder, here were my targets laid out below from 2 months ago:
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@davemadruga
4 months
@MarketObserver8 @LaBaquettes My targets are: $SPX ~ 5,200-5,500 $NDX ~ 18,000-19,000 $DJI ~ 40,000-44,000 Obviously I don’t have a crystal ball, so I prefer to give ranges, and actual price can also go above these ranges if this thing gets dragged out further. Also, my $DJI target is a little less certain
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@davemadruga
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@davemadruga
4 months
Santa rally was non-existent. I expect this correction to continue probably until Friday-Monday. My puts bought last Thursday on $TSLA, $IWM & $AMD are flying. Once correction is done, we will see one of the greatest stock market melt-up rallies of all time. Also, $BTC top in.
@davemadruga
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@davemadruga
5 months
I’m still very bullish overall, with an $SPX target of 5200-5300; but at this point I doubt we have a Santa Clause rally due to everyone anticipating it and markets pretty much melting up into the weekend
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@davemadruga
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@davemadruga
2 months
@won28481690 @MortensenBach The fact that BTC is up like it is and the miners have fizzled out are pretty clear signs of a top. Also, almost everyone is completely bulled up. Being a contrarian is important here imo.
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@davemadruga
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@davemadruga
1 year
... is still quite bearish at the moment, I am starting to see more and more investors call this a new bull market. Once the peak of Wave B is hit, almost EVERYONE will be screaming for new ATHs. This is EXACTLY what you want to see for this thesis to play out. Cheers ✌🏼
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@davemadruga
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@davemadruga
1 year
@dtarian04 Bro dont jinx it.
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