The market can't make another push, and investors are dumping stocks on "dip buyers". The FED talks of buying bad debt, is no good for real investment coming back to the market. Sell in May may trigger slow and steady Phases C and D. Once 3k is broken, i'll be more bullish. Still feel it's a bull trap.
Trade active
⋅
Wyckoff keeps looks great so far. I moved the UT on phase B, as we now know it hit it, and the next phase for a small bounce is MA300 2875.
Trade active
⋅
Guess i shouldn't have moved the upper channel in update =). So far so good. We can have a wick, but this week has to be closed back in the channel. I think that due to the China-US war and China start on Hong Kong might trigger a sell off. Let's see.
Trade closed manually
⋅
Trading wave 4 is always high risk. As FOMO kicked in breaking 3000 we have to wait for it to return to means.
I also very much believe it's a bull trap. It wouldn't work if it weren't convincing, and it finally has even caused me, almost a permabull, to have doubts. I think that means it's about over now.