We're near the market tops I estimate it can be anywhere near $2030-2050. My previous esitmate was 2020-2030. 1. At key Resistance/ Wedges 2. RSI daily overbought 3. hidden bearish divergence with previous drop highs 4. hitting 200 & 300 daily MA
Trading plan. I will wait for a 4hr candle close before 4HR 20EMA before committing to this short.
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FYI: I have not shorted the market yet. new top estimates based on wedge lines is 2070-2100. I will look or some sort of divergence before shorting the market
I agree dude.! Lower low and possible lower high. Risk is to the dwnside
waterman
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Some prophecy an upside brakeout due to a would be dovish fed in an election year !!
Loii
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This may be the case but the market dropped shortly after they raised interest rates last year. so a rate hike is only gonna help the market crash. its all market sentiment.