US 30 Near Pivot? Or Lower? Calls or Puts?!? Or Cash!?!
See TLs in chart. Might be setting up for a bear rally like the two spikes we saw in Nov & Dec; or might still head lower to the long-term TL beneath.
Appears like the A-B-C pattern may be nearing completion; unless it's another fakeout and we enter a real Wave 3 downtrend... so chancy now. Expected a bit lower but no massive selloff yet; market holding its breath, a tweet could spark rally from here, or break it. Lately more tough tweets than sweets...
Fed probably won't ease or tighten atm, IMO. Trade war will likely continue through the 2020 election cycle- both sides want to look tough, no faceloss.
If it cascades to give a double bottom there will likely be a significant rally from area of Dec lows. Really uncertain now; can do either; might do both!
Sidelined in cash atm guardedly brooding; whither hence?!? See if we get consolidation over this week at these prices... wait and see safest bet atm IMO.
Just an idea... not any kind of investing advice; trade at your own risk- GLTA!
Appears like the A-B-C pattern may be nearing completion; unless it's another fakeout and we enter a real Wave 3 downtrend... so chancy now. Expected a bit lower but no massive selloff yet; market holding its breath, a tweet could spark rally from here, or break it. Lately more tough tweets than sweets...
Fed probably won't ease or tighten atm, IMO. Trade war will likely continue through the 2020 election cycle- both sides want to look tough, no faceloss.
If it cascades to give a double bottom there will likely be a significant rally from area of Dec lows. Really uncertain now; can do either; might do both!
Sidelined in cash atm guardedly brooding; whither hence?!? See if we get consolidation over this week at these prices... wait and see safest bet atm IMO.
Just an idea... not any kind of investing advice; trade at your own risk- GLTA!
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JN a TL drawn thru Sep-Nov-Dec peaks intersects the lower TLs on this chart in box 22,800 - 23,200. Coincidence? Maybe.
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Monday's session on 3 Jun looks exactly like 26 October, wide range and wild swings, small body Harami with huge wicks. If it plays the same,expect a red bar Tues and pivot Weds. Subsequent rally might last 7-10 days, followed by a deep slump... probably gonna whipsaw like this all summer through light volume trading months. I expect a series of rallies and retreats... Bull/Bear battles.
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If pattern repeats will expect action like 30 Oct - 8 Nov. R at 26200. Might just turn back from descending TL near 25440. Wait for confirmation- probably a bull trap.
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This chart is impressive: www.marketwatch...rket-2019-06-04?mod=mw_the...
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Looks like pointed at new ATH... ! LAST CALL FOR CALLS!
