Those who have followed my last posts on shorting hopefully have made some $$. We have had 4 great swing days down. Tomorrow let's swing our partner back up after that 4-day dip.
We should bounce tomorrow and start climbing to achieve our next high around 121 to complete wave 5. Divergence on price and rsi with charts lining up perfectly to support our next high. Catalyst will most likely be approval of Government stimulus or decrease of long-term Treasury yields that will give it enough of a push to the next high around 121 before plunging to new lows. This could be a slow up and down climb that could take the majority of the year before we crash!!!
This is NOT investment advice. Please do your own due diligence!! Questions or comments welcome.
@ShannonSmelley, no smelley just following the chart but do think a mind is a powerful tool. Confidence is the foundation of success. Perfect example Trump. That tool became president because of his confidence and nothing else. If you had confidence in your own trading skills you wouldn't be wasting time on your silly comments. Happy Trading!
SaltLakeGang
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I hope you are right, I am fully loaded now.
artmlg
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@aChaindog, lol gl with bubble
PETEYboy
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@artmlg, yup support held on the daily just like chart above shows
SaltLakeGang
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@artmlg, Nasdq has been up for more than 10 years, you think right now is the time to burst?
artmlg
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@aChaindog, I think we extremely need a correction 20-30%, and for now it's a perfect time as everything overvalued af
SaltLakeGang
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@artmlg, Maybe you are right, let see how the bond market play out next week.