Market Feels Tired | ShadowTrader Weekend Edition 09.28.24

Buyers still in some semblance of control but advances this week were very muted and confidence seems very low in either direction. Overall, market feels a bit tired and longs should be selective and cautious.
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[@blackdiamondoffthegrid8703]

Peter the Great! Short and concise. Thank you for the market update. Have a fantastic weekend. See you next week.

[@freddiearthur2151]

Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️

[@UkpeneJoseph]

I'm 37 and have been looking for ways to be successful, please how??

[@freddiearthur2151]

Sure, the investment-advisor that guides me is..

[@freddiearthur2151]

Elizabeth stark

[@BnazerriKhiid]

Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark

[@ethanjesse8661]

Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!

[@tradeforcharity]

Pete's da man. Another great market insight

[@joannahuc1318]

Best TA on YT.

[@spyridonvasileiou7931]

Fantastic show as always Peter. Have a great weekend 😀

[@woodentoyscom]

Everyone is sitting on their hands doing nothing. No liquidity either up or down.

[@indianajones3315]

Earnings coming up.

[@cal4865]

$JPM $GS $V next week in my opinion calls!!! Lots of upside in $BIIB too!

[@fbnc11]

Great show, Thx

[@elypelowski5670]

Absolutely love the weekend edition. It is a Perfect cadence for the information you provide.

[@XORfun]

Action definitely feels shaky, I choose to get long apple puts, which is usually going to be a losing bet but yolo. Will see if the fear can show up and make me rich.

[@S1lv3rdo7]

New Term: Buyer Shutoff Candle Love it.

[@moviegoer1000]

Thank you Peter. Interesting analysis.

[@lincolndachane1484]

In the words of Rob Smith - what you see on the SMCI big red candle is called a Pivot Machine Gun - everyone who was long with their stops on the low of the day got all shot up on the way down. (we know where your stop are!). PMG

[@therealshadowtrader]

Interesting, never heard that term before. I like it.

[@BK-kp6rr]

Thanks Peter

[@Lights_Darks]

Thanks, Peter!

[@IfReborn]

What's up with the vix? it always drifts down on Fridays.

[@indianajones3315]

It’s ALWAYS about positioning. Opex, MMs wreck both sides, they usually crushe VIX on Fri afternoons.

[@kyl83]

The best loss is the fastest and smallest loss - words of wisdom

[@lexluthor9509]

Doesn't hurt to reiterate the obvious.

[@shalombard4275]

🙏❤

[@DavidHarperMusic]

Thanks Peter!

[@lmtrades]

yeah, for some reason VIX closed 10% higher on friday, however SPX barely blinked

[@Sammy517]

.... which is a quite weird behavior. Not sure what it's telling 🤔

[@indianajones3315]

Because the VIX is only a 30D window of expected volatility. People are hedging October.

[@Sammy517]

@@indianajones3315 Agree 100%, but when VIX goes up S&P 500 goes down. It doesn't wait 30 days, and that didn't happen yesterday.

[@javamochafrap]

Probably bc its hit a bollinger band/ keltner band

[@seichho73]

This has all the makings of "I knew I should have been shorting the indices" all over it.

[@cottondog3607]

I'm ashamed to admit how much I like Peter and his analysis.

[@lmtrades]

BTC long long bull flag, weekly inverted cup and handle

[@ThePokersurfer]

Can someone say indecision, roller-coaster ....... bi polar!

[@The-Bankster]

Super phine output my brother. Keep crankin.

[@jasons1034]

Amazing information, thank you

[@Yetified_Mayhem]

Q's filled that upper gap.

[@clarkmain1438]

Excellent overview

[@rview3261]

Weakened Edition!

[@ljj9063]

Very valuable insight especially for the short-term market participant who is able to get the big picture as well with your short-and-sweet TA. You are a rock star and thank you for mentioning MSTR in comparison with Bitcoin. Very nicely done indeed, and thank you!

[@therealshadowtrader]

thank you, much appreciated.

[@matthewkramer8613]

Excellent recap. Ratio spreads are under rated in my opinion. Often they are great way trade a slighty bullish issue with a bearish bonus if the issue does not move to fast and far. Still ratios the POP is high with these spreads put on lower deltas with enough credit, setting what feels like a lower risk. The underlying should be steady movement unlike SMCi with often wide expected moves and wild swings. Maybe more like AMD or QCOM

[@therealshadowtrader]

agreed, if you know how to do it and you have the margin, the ratio is really all you need.

[@colinm1502]

I like the camera work. Haven’t finished video yet. Just wanted to give a shout out.

[@therealshadowtrader]

I'll tell my guy, he'll appreciate that.

[@Zigit994]

You da man Peter

[@wmbrice]

Very helpful, thank you!

[@ayapsone]

You are amazing!