Fed can only prop up markets by injecting billions of dollars for so long...
My guess is by 3400-3500 we will have formed RSI divergence within the pattern. Pattern is also crazy similar to Jan-Feb of 2018 where prices looked to be skyrocketing with no return, only for a very hard correction within a short time frame.
Short Squeeze to 3450-3500 until correction downward.
My guess is by 3400-3500 we will have formed RSI divergence within the pattern. Pattern is also crazy similar to Jan-Feb of 2018 where prices looked to be skyrocketing with no return, only for a very hard correction within a short time frame.
Short Squeeze to 3450-3500 until correction downward.
Comment:
Looks like idea was almost spot on, although we fell a little short of our target red area. Correction downward and possible bear market, now looking for rebound points for SPXL.