Every major top ended with the parabolic, a vertical unsustainable spike, delivered on an exhaustion gap.
Overlay from Aug > September fits perfectly... expect a gap weds or thurs to terminate in blowoff around 4200.
RSI went to 88 on 2 September. Closed at 77 Tues... still room to run higher into overbought zone IMO.
Trade at your own risk; GLTA!
Overlay from Aug > September fits perfectly... expect a gap weds or thurs to terminate in blowoff around 4200.
RSI went to 88 on 2 September. Closed at 77 Tues... still room to run higher into overbought zone IMO.
Trade at your own risk; GLTA!
Trade active:
Short in May contracts on IWM, SPY, QQQ
Trade closed manually:
Made bank; could bounce here, closed EOD. Do not underestimate the bulls to pump this overnight! First sell from ATH usually provokes BTFD rally.
Trade active:
shorted and closed, short the bounce rallies imo
Comment:
Gonna get double top IMO, see if the Euros pump it AH
