Diagonal Bull Stop
Diagonal Bull Stop
UPDATE 3:38pm EDT: Yeah, that was some extended breakfast 🙂 200 comments – are you guys insane? I thought everyone was leaving for the long weekend already. You rats hardcore, I give you that.
Anyway, it seems we are closing in on that diagonal I’ve been pimping for over two weeks now. This should provide a much needed damper to all that irrational exuberance of our mouth breathing friends.
“But – oh evil overlord – iconic (and handsome) leader of all lowly rat minions – what is that coveted diagonal you speak of?”
Well, there you have it. Isn’t it a beauty? I’m actually tempted to load up on some puts here, ahead of the long weekend – not much, just a few for shits and giggles. What say you – rats of bearish inclination?
Alright, 25 minutes to go – maybe the bulltarts can push this shit up a few more points 🙂 BTW, did you guys see that gap in the VIX – we’re around 37 right now! IV crush alone should be good for a few bucks on Monday – heck, I’ve seen a lot worse setups…
Bonus chart!!