Podcast EP 108 Outside Reversal Day (Dec 20)

Podcast Available onSpotify | Apple | YouTube | AmazonFollow me on Substack Notes33% Discount Ends Jan 1, 2024. It has been less than six months and I want to thank the 1,800+ Subscribers who support the Substack! Going into the holidays I wanted to put together a special promotion which will cost you nothing now, but help show support for the work I am doing.* 33% discount for Pledging to the future paywall (Annual, Monthly or Founders)* I plan to turn on premium when we surpass 3000+ total subs* Pledging requires a credit card but it is not charged until Premium goes live* What will premium include? (at minimum)* Watchlist(s) (Bullish, Bearish, Price levels, if then scenarios)* Webcasts covering charts of all above* Additional Premium only content* Timing: promotion good through Jan 1, 2024I want in! How?Instructions:* Subscribe by clicking “Subscribe” or this link.* Once you are a subscriber, you should see buttons that say “Pledge your support”* Enter your information on a page that looks like belowShow NotesSummary of the dayThat was fun! Selling was furious and there was no real trigger. Other than we are way overbought. This also why I advise people to not pursue 1 day or 0 day options. If you were long 0dte at lunch time, how do you recover? I know everyone is drunk on green every day for weeks. But this is a time to be fearful. To lighten up. I have been banging the table that insurance was basically free up until today. Outside DayA chart pattern where the high is above the previous day's high and the low is below the previous day's low.Outside Reversal DayA two-day chart pattern that can indicate a reversal in trend. Like with outside days, the second day's high must be above the previous day's high, while the low must be below the previous day's low. In addition, the second day must close in the opposite direction of the previous trend (e.g. in an uptrend, the second day must close down). This pattern is similar to the engulfing candlestick pattern, but requires the entire range (high and low) to be engulfed, not just the open and close.Breadth* 1202 new highs* 186 new lows* 21% advancing 75% declining* 21% below 50 day ma* 34% below the 200 day maStuck out2:42pm the wheels started coming off. I posted real time right before. $VOLD began to fall and never stopped.Strong$VIXGoogle up dispite it allWeakWhat to watchInflation and inflation sensitive areasIe Oil Gold USD $DXY yields etcWatch mag 7 Watch yields Economic datahttps://www.marketwatch.com/economy-politics/calendar Financial Freedom is not free, but the pursuit is worth the treasure. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.notyouradvisor.com/subscribe