Target 4800 nearly there in AH trade.
Looking back, a long EW for 1k pips from 3800 is apparent.
Summer rally was 3rd wave, this is the 5th.
On this chart, target the Dark Side of the Moon.
Wish you were here!
All bets off after that.
Close your longs soon folks. Then get out your Floyd vinyls and do the timewarp again.
Triple Witching Friday, RSI madly overbought, ATH.
Gonna get choppy. Might get a visit from the Grinch.
Do not expect a massive dump right away. Tops will chop and grind, pump-dump-pump-dump. it will not be a single point, rather a plateau. Good time to take a break from the madness.
Correction in the New Year. Then we shall see. Happy Holidays!
Looking back, a long EW for 1k pips from 3800 is apparent.
Summer rally was 3rd wave, this is the 5th.
On this chart, target the Dark Side of the Moon.
Wish you were here!
All bets off after that.
Close your longs soon folks. Then get out your Floyd vinyls and do the timewarp again.
Triple Witching Friday, RSI madly overbought, ATH.
Gonna get choppy. Might get a visit from the Grinch.
Do not expect a massive dump right away. Tops will chop and grind, pump-dump-pump-dump. it will not be a single point, rather a plateau. Good time to take a break from the madness.
Correction in the New Year. Then we shall see. Happy Holidays!
Trade closed manually:
Got 4750, close enough and risk-off. NQ double topped ATH, QQQ rejected from $408.
Expect more chop and churn but IMO the top is likely in on 12/18.
Tops are not a point. It will boil here for a week or two.
But there is not likely much more to be had from the long side.
Expect more chop and churn but IMO the top is likely in on 12/18.
Tops are not a point. It will boil here for a week or two.
But there is not likely much more to be had from the long side.
You go load the putwagon EOD and hope for a gap but the gap is the other way... there is a good chance we could see a higher high, very briefly, within days.
You could probably successfully short a new ATH, if it appears...!