Nov '24 • General discussion
11/26/2024 Tuesday Trade Plan
Support: “The Floor Is Lava” Edition
First stop: the 6002–5998 zone, a level so worn out it’s practically begging for a break. Below that, we’ve got the diva of the day, 5989, a major pivot that screams, “You shall not pass!” If it fails, we’re sliding down the market’s slippery slope to 5962, aka “Knife-Catcher Central.” Bring your gloves, and don’t forget your helmet.
And then there’s 5942, the last hope before the basement. This one’s been through enough tests to qualify for a Ph.D. but might still have one reaction left—if it’s feeling generous. Knife-catching here is for the brave, the bold, and the slightly unhinged.
Resistance: “Bulls’ Worst Nightmare”
Up top, 6027 and 6038 are the levels that refuse to quit. They’re like those final bosses in video games—you’ll break a sweat trying to push past them. But if the bulls keep up their momentum, we’re headed for 6060, 6075, and 6100—the ATH party zone. Bring your champagne.
For counter-trend shorts? LOL. If you’re feeling daring, 6027 might have a reaction or two left, but don’t bet your lunch money on it. Bulls are in control, and this resistance is like trying to stop a freight train with a paperclip.
Bull Case: “Pump It Up”
Bulls are riding high after breaking out of a two-week flag, and they’re not looking back. The key for Tuesday is holding 5988–93. From there, expect a ping-pong match between 5988 and 6027, with a few cheeky detours to 6038. If all goes well, the next breakout leg takes us to 6060+, where the bulls can flex their gains and start shopping for yachts.
But if 5988 cracks, the bulls might take a breather down at 5960—a quick regroup before charging back up.
Bear Case: “Hope and Pray”
Bears are standing on the sidelines, shouting, “Please, let 5988 fail!” If it does, we could flush to 5960s, but let’s be real—most breakdowns fail harder than a bad karaoke night. If you’re new, maybe just sit this one out unless you love the feeling of getting trapped. Pro tip: bears have a terrible track record here, so keep your expectations low.
Summary: The Market’s a Drama Queen
This week’s holiday chop zone is 5988–6027. Bulls are steering the ship, aiming for ATHs at 6060+, while the bears cling to the slim chance that 5988 collapses. For now, let the trend guide you—ride the waves, dodge the knives, and don’t forget to laugh at the chaos. Tuesday’s gonna be spicy! 🌶️📉📈
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11/26/2024 Tuesday Trade Plan
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