I actually posted this chart already on friday… but on the daily timeframe… and this is the weekly and it really shows where this needs to head before we can have another meaningful bull rally… I think that in the next few weeks we will be trading in the red part of the box 334, 317, 303 are the three swing targets… Sell target 16% above average 20% if we hit all 3. (48% (60) for TQQQ (I’ll post those soon))
Thanks for sharing. I remain somewhat bullish. But I am glad to reconsider if something changes. Here is my take if you would be interested.
oliverrathbun
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Last week's candle was bearish looking no doubt. Lot's of potential for some kind of traumatic event but aside from that....I think there needs to be weeks more price structure around these levels and possibly higher before you could expect that kind of move. Good trading to you.