Hello my dear friends, we are not in a bull run. wall street is about to gut these markets.
Attached is the trendline for the Qs going back to the 2022 bottom. A bar pattern of how this dump might play out. Opex is on the 21st. Expect a wild ride in July. Also take a look at the stochastic on the weekly. What in the hell even is that.
Illiquidity, treasury auction, blah blah blah. Wall street has distributed over priced assets to dumb money and it's time to dump this ponzi and buy them all back from them on the CHEAP. THAT'S HOW THIS GAME IS PLAYED.
My speculation:
I'm thinking next week, recent gap will close, dip will be bought but a higher high will fail. A higher high is also possible to complete daily divergence. Either way, the trajectory is down. 2nd week, immediate bullish setup will be invalidated. Worry will spring like dandelions in summer. Third week will be the big one. As fast as the markets pumped up to these ridiculous levels, they will dump to the longer term support lines.
From there, markets can yo-yo into fall where another crisis will unfold. No new all time highs.
Attached is the trendline for the Qs going back to the 2022 bottom. A bar pattern of how this dump might play out. Opex is on the 21st. Expect a wild ride in July. Also take a look at the stochastic on the weekly. What in the hell even is that.
Illiquidity, treasury auction, blah blah blah. Wall street has distributed over priced assets to dumb money and it's time to dump this ponzi and buy them all back from them on the CHEAP. THAT'S HOW THIS GAME IS PLAYED.
My speculation:
I'm thinking next week, recent gap will close, dip will be bought but a higher high will fail. A higher high is also possible to complete daily divergence. Either way, the trajectory is down. 2nd week, immediate bullish setup will be invalidated. Worry will spring like dandelions in summer. Third week will be the big one. As fast as the markets pumped up to these ridiculous levels, they will dump to the longer term support lines.
From there, markets can yo-yo into fall where another crisis will unfold. No new all time highs.
786 retrace was also exceeded temporarily and is now acting as resistance. I increased my short substantially with profits from TQQQ lottos.
I stand by my call, markets are in a topping phase and will sell off immediately following this dragged out conclusion.