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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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<blockquote data-quote="D1984" data-source="post: 16388800" data-attributes="member: 170122"><p>I'm holding on to my calls. S&P closing above 2600 was extremely significant today. I saw some large players trying to close it below, but the Fed and FOMO came in and wiped them out. This was a level of resistance dating back to the 2018 trade wars correction and very important. Next stop is 2720 and then 2870 and then I'm going to go ahead and say the correction is fully over after that. Again, this may all sound crazy but today's action proved how much power the Fed now has, and we will get continuous short squeezing on the way up, particularly retail who will keep piling on their shorts and puts and getting wiped out.</p></blockquote><p></p>
[QUOTE="D1984, post: 16388800, member: 170122"] I'm holding on to my calls. S&P closing above 2600 was extremely significant today. I saw some large players trying to close it below, but the Fed and FOMO came in and wiped them out. This was a level of resistance dating back to the 2018 trade wars correction and very important. Next stop is 2720 and then 2870 and then I'm going to go ahead and say the correction is fully over after that. Again, this may all sound crazy but today's action proved how much power the Fed now has, and we will get continuous short squeezing on the way up, particularly retail who will keep piling on their shorts and puts and getting wiped out. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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