Is this market ready to break? This was a significant rebound, almost unimaginably unrealistic... 5-weeks of straight rallying through the tidal waves of bad economic news, rate hikes, QT, geopolitical tensions, ect...
Let's see what holds for August and September, which are two months that aren't great for stocks. If you do short, go to at least the end of September.
RSI and MACD are supporting a sell off. MA puts Apple at $160, and the Lower price of BB is $151. Was this a giant head and shoulder?
First shoulder December 2021, head at March 2022, and now the right shoulder at August 2022? Hmmm
Let's see what holds for August and September, which are two months that aren't great for stocks. If you do short, go to at least the end of September.
RSI and MACD are supporting a sell off. MA puts Apple at $160, and the Lower price of BB is $151. Was this a giant head and shoulder?
First shoulder December 2021, head at March 2022, and now the right shoulder at August 2022? Hmmm
Trade closed: target reached:
Target reached. We broke heavily through the funnel.
