This is a picture perfect bubble pop. We crashed 36% off the rejection from the high. And have nearly completed the 70.2% retrace to prepare for the monster crash that will follow, taking us down to $600.
Here is a picture of the weekly MACD. The parabolic rise has completely crumbled, with the weekly MACD breaking below 0.
This is EXACTLY what a bubble pop looks like.
CNBC is luring in retail investors with FOMO of new highs about to be set. Trapping them. Teaching them how to buy the next dip.
This is the moment we have all been waiting for. The "return to normal" phase of the bubble pop is nearly complete.
Short at your own risk. Use risk management. You are responsible for your own actions, not me.
These trade opportunities don't come very often. Speculators have been waiting nearly two years for this moment. Pop, retrace 70.2%, crash. $1830 is the spot. Good luck!
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You think that was a coincidence that the Mueller report gets released the day we reach this level? I don't.
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$1830
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Per MacKenzie Bezos's twitter yesterday:
"Grateful to have finished the process of dissolving my marriage with Jeff with support from each other and everyone who reached out to us in kindness, and looking forward to the next phase as co-parents and friends. Happy to be giving him all of my interests in the Washington Post and Blue Origin, and 75% of our Amazon stock plus voting control of my shares to support his continued contributions with the teams of these incredible companies. Excited about my own plans. Grateful for the past as I look forward to what comes next."
Wow. This who divorced announcement occurs after the bubble pops, and gets completed exactly at the 70.2% fib retrace. Lol. Come on...
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Looks like the reflexive rebound is completed and the protracted fundamental downtrend is on. It's going to be a wild 2019-2020.
it seems interesting, I'm thinking as well that Amazon will drop a lot after this quarter earnings. Let's see the numbers, the sales dropped everywhere around the world and Amazon it's not excluded.