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$OIL - We haven't seen a breakdown like this since April and if that support breaks it will be the lowest we've seen since the 2020 Covid breakdown. Some like to argue that it's a leading indicator for predicting recessions but also the opposite can be true when it's super high and inflation is high that spending/the economy can suffer more.

We are seeing a lot of alternative options for oil even though oil will probably remain king for quite some time. I know nuclear energy and other options are growing especially with the demand that AI will require.

I wish I had a crystal ball right now but I know looking back there will be some pretty obvious hindsight plays as to why OIL is suddenly on a pretty rapid decline.

Looking towards end of October to add to my NUGT long. Target is around 129-135

going big on WULF here and sacking off shitty MSTR

WULF with the same setup funnily enough

We will see

Indian Bank - Initiated a neutral trade here.

$NEE - Is a more safe and almost hedge like play if we get some more economic turmoil or stock sell off. It'd be somewhat considered a recession proof play where you can see even more recently in April when stocks had a big sell off it actually went higher. Limited drawdowns on a play that likes to trend up over time might be worth looking at.

I'm still WATCHING this one, and when I find an ideal entry on something like this I will share it as a trade. But this is kind of the mindset I'm looking for when picking out some future stock plays. Limited draw downs or undervalued where they could still go up in a slower market because they are cheap.

This is what I'm looking for tomorrow on WULF

Will be adding to my long position for the final time around 14.68

Aggressively shorting here

boom, rolling over

Litecoin Update: Part One

A large portion of my Slice followers are fans of Litecoin and are likely awaiting an update from me

The first chart is showing us the importance of resistance at around $135-137, where the monthly SuperTrend and Parabolic SAR are converging. I’ve been referring to this as ”final boss resistance”

The second and third charts show Litecoin attempting to hold various key levels

The second shows LTCUSD monthly above the Bollinger Band basis. This is critical to hold at the monthly close.

The third shows LTCUSD attempting to hold above the Tenkan Sen and Kijun Sen - two components of the Ichimoku.

Holding these levels is required to stay bullish. Breaking final boss resistance is the signal we are on our way to new ATHs. If things change, I will continue to reassess.

ETH EW count

This is my updated count, before I couldn't really get a read on it to be honest, but as is the way with corrections it always clarifies things!

Mid December will be the point to completely de-risk imho

Nifty around support area (near lows of last two days), took a call ratio 25200/26100 1:2 in Nov expiry.

This week's Newsletter is out

NEXOUSD Analysis per Chart Request

This coin is at a critical juncture. It must hold the Bollinger Band basis and move above the upper Bollinger Band with force.

This move up will prevent the LMACD from crossing bearish, and instead cause it to diverge up and strengthen to the upside.

Failure to hold the basis would lead to a bearish crossover of the LMACD.

I see this as a riskier chart than many other alts at the moment, but there's still a strong chance this plays out positively.

Adjustment done in BSE. Rolled the 2550 long call to 2450 for a debit of 27ish. Traded around 25 during that dip.

SilverM - It seems I can't update prices in sensibull and add new trades to existing one (or I don't know how to do it), so I pulled the payoff using GPT. As for the greeks, the current delta is mild negative and needless to say trade is theta positive and short gamma.

IWM retesting ATH - parabolic move incoming!

SLNH making recoveries, bottom should be in now. Flip 2.69 and it will move up fast