Sold pretty hard this week leading up to and after the FOMC. Getting some green in ES1 at these relative lows.
Expect a retracement of at least .38, perhaps .50 Fibo. Given sentiment .62 is possible but unlikely IMO.
Selloff likely to continue after a ~50% rally of 80-100 pips. Room below for more oversold. Lines mark S/R.
Cannot say whether this is B wave in ABC or a 2 of impulsive move down. Watch and wait to see.
Expect a retracement of at least .38, perhaps .50 Fibo. Given sentiment .62 is possible but unlikely IMO.
Selloff likely to continue after a ~50% rally of 80-100 pips. Room below for more oversold. Lines mark S/R.
Cannot say whether this is B wave in ABC or a 2 of impulsive move down. Watch and wait to see.
Comment:
Look back at 2000 dotcom crash. Was a slow-motion wreck, agonizing. Nov 01 looks lot like Nov 22.
Comment:
Filled in another chart. Get ready.
Comment:
Looks like we topped. Confirm soon.
Did not see the massive sellback comin. Caught part of the EOD lift. Just nuts!
Probly more selling Monday. NB: VIX ~25, if you tried to play VIX etfs disappointing all year. They only work in crashes.