The charts are all in Weekly chart.  :thumbsup:

One thing I find it very interesting on SPX. My fibo extension levels match exactly with the fibo retracement level. January 2022 area 0.50 level (4840) look like very reasonable correction.
Rainbow is extension, white lines are retracement

Interesting. Look like we have different elliot wave count. Yeah there is a level at 5500. Infact it is the first level which is 0.236 retracement. Lets see the reaction once go there. But first need to see if it break the H&S neckline at 5842.

sigh. back to svix

Some people are offended by postings of non-US news in IBKR thread, so I post this here. Technically, the ADR is on NYSE, so...

Deepseek has been debunked. Nothing magical there.

My money is waiting nvda tonight.

Lower interest rate will send the stock market to holland I think. 

Actually what is the reasoning trader use puts instead of inverse -2x like above for short selling?

Just sharing Dow Jones 1929 vs 2025. Hopefully not the same outcome. Monthly chart
DJ 5 elliot waves starting from first wave March 2009. Look like 5th wave ended by trump. So ABC might start.

Somehow,... our fellow forummer Ramjade is highly successful in this game,... how did he do it ?

With the rate of returns, you just need a black swan 10% scenario event to cancel out all the hard earns premium you collected throughout the way.

So its not excactly a 100% money guaranteed method like what ak or guru professed.

I am not there yet but kinda of true the above statement and what dwRK said. From ITM, it swing to OTM hence expired worthless

To do the bolded part, need to study more or pay an ex investment banker USD3k to learn from him. Yes it can be done. Making money regardless market up or down. Even if it swing like 20% up and down. No issue. But like I said, I am not there yet and I won't be there as I am not going to pay that banker and I am happy with what I got.

The way Ramjade describes his tactics,... he does not need any right mkt conditions. He has a list of a few tactics that is able to defeat ALL mkt conditions,... no need to even see current mkt conditions. 

Not sure what lesson you are referring to...

I no longer pick stocks in the US. VOO and QQQM for me from now on.

Only keep my stakes in Hermes, TSMC, OCBC and disappointedly, Novo Nordisk.

Topped at VOO and OCBC during the recent market turmoil. Price point was good. OCBC topped up at 14.97 SGD a piece (100 units, include 3 SGD commission -> 15 SGD a unit average price, already in the green now). VOO topped up at 470.60 also in the green.

Cash is 50-60% of my portfolio, all set if turmoil repeats. My OCBC's upcoming 9th May dividend is already worth 115 SGD. Not a lot to start with, but my passive income is starting to build up.

Net worth sits at 360k MYR. Targeting 400k in July-August. Saving 8k MYR a month now... got gf liao so spending goes up... but you get to enjoy better quality of living!

Bro go look at fundamentals and not stock price changes.

Well I o for high magin business and low debt/good balance sheet. Long term I think tariff will hurt Walmart more than Google.

What you all think about TSLA earnings tomorrow? 

I'm seeing a lot of bearish views across the traders' sphere.