Beloved Flamingo participants are now able to Game their PS5's at assorted Tables, regardless of recalls - Major screw up SONY aka "Standard Oil New York" is lubricating the Slots, Tables and Bottle Services to a select crowd of Insiders.
In the larger context of the Full High to Low Range, we see NQ has managed to pop its little head over the very Negative 764 of the Range.
Bullish?
No, a Counter Trend.
Can it reach the magical Negative 618?
It's possible, it's Summer, but is wholly dependent on degenerate stupidity, of which there is not much left in the spank tank.
Add in the Corrupt Oligarchy Inbred Cult of Insiders and Political Grifters and we've got one enormous and very Toxic cocktail for further, irrational crazy.
The Range is quite large, given the large decline in NQ from 16767 to 11069.
Investors and Money Managers continue to Buy this overpriced Junk, albeit at a vastly slower pace.
Da Boyz are enjoying the ride, which is completing 3/3 or 3/5 higher.
The obvous Price objective is the Negative 618.
Any issues?
Yes.
In large downtrends Price rarely meets "Expectations"
Trade Safe, we're getting close to the even larger disruption dead ahead which will bring prices into an extreme adjustment for E, P, and S.
Europe has turned the corner after 8 years of failed experiments. The FX accident will simply begin to unravel everything. Contagions will spread with intense velocity.
Plan for it, earn from it, and be patient with it.
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SPY 401.44 Sell - for RT. Stop 402.71
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50% of Full Draw for ES is 4225.25 - futures will drag CASH IF it can TOSS, but come up well short I'd begin SELLs at 4169.25 and scale into DEC Futures, SPY Puts offer the better trade for CASH.
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Have a great weekend everyone - taking Gains and calling it a spectacular day.