2026-10-7
Just woke up. To confirm a bottom on the 15-minute chart, we need a candle close above 840; on the 1-hour chart, above 844. Until that happens, we can’t even confirm a short-term bottom. We can “blame” the daytime drop on the South Korean index falling, the continued drop tonight on the crypto conference in Singapore, and tomorrow’s drop on unemployment claims 😂···Speaking of which, why are we so hopeless? When the Nasdaq surged from 29x all the way to 31x that day, we were falling too··· Before, we could still rise a little when oil fell; a few days ago, oil fell and we fell right along with it 😂. Are we really “Lü Bing'er”? A turncoat who’s served three masters—are there just too many “dads” (drops), so we follow whoever falls? 😂····
If we can’t close back above those levels, we’ll have to watch how support holds around 830–828··· Don’t call for the bear market to return every time we drop, talking about 65K or 50K, then call for 100K or 120K every time we rise 😂. Be realistic. Whatever the final midterm election results, that won’t stop the little yellow-haired guy from barking before the election. But if you’re bearish on the election results and on the Two Sessions afterward, and think the yellow-haired guy is bound to lose, then there’s no basis for calling next year a “rate-hike bull market.” With him barking, even the market can’t be dragged higher. After the midterms, if he focuses all his energy on Iran and doesn’t care whether the conflict escalates, with bad news raining down everywhere on top of rate hikes, how can you possibly call that a bull market?
If you don’t dare to scale in early, just wait for the daily candle to close above 844 before entering. You need either courage or patience 😂···
Just woke up. To confirm a bottom on the 15-minute chart, we need a candle close above 840; on the 1-hour chart, above 844. Until that happens, we can’t even confirm a short-term bottom. We can “blame” the daytime drop on the South Korean index falling, the continued drop tonight on the crypto conference in Singapore, and tomorrow’s drop on unemployment claims 😂···Speaking of which, why are we so hopeless? When the Nasdaq surged from 29x all the way to 31x that day, we were falling too··· Before, we could still rise a little when oil fell; a few days ago, oil fell and we fell right along with it 😂. Are we really “Lü Bing'er”? A turncoat who’s served three masters—are there just too many “dads” (drops), so we follow whoever falls? 😂····
If we can’t close back above those levels, we’ll have to watch how support holds around 830–828··· Don’t call for the bear market to return every time we drop, talking about 65K or 50K, then call for 100K or 120K every time we rise 😂. Be realistic. Whatever the final midterm election results, that won’t stop the little yellow-haired guy from barking before the election. But if you’re bearish on the election results and on the Two Sessions afterward, and think the yellow-haired guy is bound to lose, then there’s no basis for calling next year a “rate-hike bull market.” With him barking, even the market can’t be dragged higher. After the midterms, if he focuses all his energy on Iran and doesn’t care whether the conflict escalates, with bad news raining down everywhere on top of rate hikes, how can you possibly call that a bull market?
If you don’t dare to scale in early, just wait for the daily candle to close above 844 before entering. You need either courage or patience 😂···