NQ went down into the upper trend channel into the close, fake breakout imo.
This move should be over tomorrow if it was not today. My turning day is 4th on SPX and DOW. There are 2 targets I have on the downside and I favour second more then the first one. - 12500 - 12075
The low should come on the 15-16th and one more rally into EOM or early Sep to finish the bigger B. It can stretch into the 14000 zone and should top in between of 50 and 61.8 retracement and fall apart into the Oct low.
Thanks for the update Tima. I added another small tranche to my SPX shorts today. Plan to add more if we break above 4180
RealTima
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@mikeb7534, Thanks, Maybe I get one free month by end of the year))) I have a big cluster of resistance on the SPX - 4158.850, 4160, maj resistance at 4169 and one more at 4178. Only closing above that cluster will get me flipped that we are on the way to 4308.50-30 as final move up. I prefer a low mid month and then push to that 43 handle
KT1925
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I shorted IWM today first position, sell tomorrow morning then reshort after it bounces.
jakslo23
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Yup, the pump seems over for now.
andrewelizalde
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I added because of weekend update Maj resistance spx 4168... so far so good will see tomorrow
thanks!
wolffarchitecture
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yup
bwellnatural
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I added more to my shorts an hour before the close! Have a nice evening and thanks for the update!
RealTima
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@bwellnatural, Im on the sidelines except few ES under the water short, which is fine with me to take a heat. I will add tonight or tomorrow am.