It was touch and go yesterday as the Nasdaq rose 2% but seems like the more sensical heads have prevailed against the idiocy of the moon boyz. As mentioned in an update on another chart, this is now dropping as fast as it went up with the help of the words from multiple FED members. I added another short entry at 15103 yesterday, albeit a bit prematurely but seems like it was worth the slight discomfort. I'm now looking for the C to come to fruition at some point this week. If you check how the DXY, VIX, VOLX & UVXY are behaving today, you'll understand why I think the C of this bearish Gartley should occur this week.
Comment:
Closed my short at 14880 and went long at todays low of 14850, seems to be a lot of resistance as it has retraced more than 61.8% of yesterdays high
Comment:
Wowow and all before the US opens
