NO!! It's gone Ape-S**TT!!! Melting Up; Short here = Suicide. Could get a Measured MOVE from the Breakout point 4593; +249 push to 4842?!?
Watch these Indicators for a pivot. Near-term Short entry for a technical pullback at WT crossover when RSI overbought and a 5-wave EW in RSI appears; NOT before! Do not hold this short for long term, purely a day trade from Nov ATH price pushback, roll into longs when WT signals!
Expect Strong R at the ATH 4744; then moving higher to new ATH: likely get firm pushback after an exhaustion gap appears;
perhaps 12/08 the way it moves will arrive in a few hours, fgs, FOMC dovish position could spark final ATH move.
This is not investment advice! Estimates given are not guaranteed to be valid projections, trade at your own risk and with great care!! GLTA!!
Watch these Indicators for a pivot. Near-term Short entry for a technical pullback at WT crossover when RSI overbought and a 5-wave EW in RSI appears; NOT before! Do not hold this short for long term, purely a day trade from Nov ATH price pushback, roll into longs when WT signals!
Expect Strong R at the ATH 4744; then moving higher to new ATH: likely get firm pushback after an exhaustion gap appears;
perhaps 12/08 the way it moves will arrive in a few hours, fgs, FOMC dovish position could spark final ATH move.
This is not investment advice! Estimates given are not guaranteed to be valid projections, trade at your own risk and with great care!! GLTA!!
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Weak pullback feels like a 4th wave, expect higher as soon as this PM or Friday IMO, not taking longs, not shorting either. Flipped puts and calls in AM, back in cash.
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Hmmm getting bearish....!
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TBVH if it won't lift Friday this makes a right shoulder and we're headed lower IMO. Let's see if they can pump it, else we had a monster bear rally, more bear to come.
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Third visit to 4675... will it hold?
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Apparently not.... maybe EOD pump? I suppose the damned thing could give up the entire rally by EOW!?!
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Guess not, lol! Did make some change from the late PM rally from LOTD, moved up 40 pips, closed and watched it rollover again... ow!
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Almost all the selling today was techs and small caps. DJI was actually a gainer and if you shorted that index you lost on a -1.7% day for Nas. Some days it's the other way!
You have to pick the right horse in this race, and look, if you went long on VIX, hardly changed! Just up $1, calls on that made almost nothin. And if you bought UVXY, decay ate into the nickels or dimes it gave you today.
You have to pick the right horse in this race, and look, if you went long on VIX, hardly changed! Just up $1, calls on that made almost nothin. And if you bought UVXY, decay ate into the nickels or dimes it gave you today.
A pullback here could spark a final rally to test ATH. Trade with care, any position here is fraught with risk!