THEY want you to see a bullish candle and a swift rejection
But what we have now is geometry to go up plus bull div and a rejection of the 50% retrace down
Keep shorting beartards
GRI 2022
NOT TARDING ADVICE
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time and price nicely balanced, correction PROBABLY over
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It's possible this is final beartrap/pullback in which case i expect a higher low but you can't rule out 4300 on this move in early Q1 esp with dollar looking rekt
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Euro still looks bullish, need to reject median this month for dollar bulls/stonks bears
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Wow I’m good look at these dumbos in the comments lol
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Playing out fine all eyes on dollar weekly, but this will get to 4300 sooner rather than later imo
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Btw Plato who was a geometrist said the above. These people are your rulers. They ‘build’. Geometry matters.
I called the top of the indices a year ago. I called the 3600 bottom on spx. I called a pullback from 4300 to 4150. It SHOULD have bounced hard at 4150. They pulled it down to make a new divergent low and to allow the dollar to top out. They’ve BUILT a strong foundation. UP ONLY
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Critical day today we are in an uptrend but what happens next depends on dollar weekly close which will play into cpi on Tuesday. If this is a local top it should bounce hard around 3900 but if dollar drops hard today we can get back above 4150 and see what happens there. Highly likely we’ll be 4300-4400 range this quarter
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Expecting cpi to come in cold but also expecting volatility so bought a bit of vix as it seems inexpensive for the next week or few
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Everything tells me dollar hasn’t bottomed and this is a ded cat however I don’t know if it will last a few days or a few weeks so we see what price does. 4300-4400 target this quarter NOT TARDING ADVICE
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For the pullback we watch price around the red medians at 3750-3850 range ofc mm could pull a giga bear trap, I’m 90%+ long for that 4300-4400 target after we get this pullback done. There will be volatility around cpi
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So the weekly swing high will only be confirmed this coming week. We have a clear uptrend since October. If this is the swing high then we can expect a swing low around 3900 but hey they might just straight cuck’ the bears. I’m irresponsibly long but with a decent hedge, which I’ll let go of at around 3900. Alternatively if we negate this swing high there’s good resistance at 4300 as we can see. Per the big picture a neo bull market will be confirmed once we get a high above 4350 or so but then will bears want to long that? No they will short it and we will likely squeeze to 5k…
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Price vs Time = Geometry
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Long like King Dong Short Abort NOT TARDING ADVICE
I'm your average "bottom shorter" beartard who somehow keeps on being right... Stop being mean to people and maybe you'll actually make a few bucks for once
@richgraph, I think 4.6 is a decent target but I really wouldn’t know if we have years of bull from up there or as u say down again. Bears must ded before there’s a good short op imo