I think this is a good R:R, I shorted. Intersection of the twin top TL and long TL to 2009 bottom was at ~24400, touched intraday Tues 7/16/19.
Sapphira
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@DaddySawbucks, That's interesting. My next TP is 25400, then 24600 testing June's weekly low. So I can see your 24400 as achievable in my opinion. Thank you:-)
DaddySawbucks
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@Sapphira, Oops so sorry typo, meant 27400, it turned back at 27395. Found support today at 27080. IMO will bull madly to a new ATH then collapse this Fall.
Sapphira
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@DaddySawbucks, You may very well be right. We haven't tested the monthly pivot yet, so I am very cautious. We have hit turbulence though, imo, and the rug could just be pulled but, again, that pivot...so what you say makes total sense. Last minute lunge and then plunge. Going to be interesting:-)
Sapphira
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@Sapphira, Until we break 2970 I'm watching for a pop.
DaddySawbucks
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@Sapphira, It is going to Bull to beat Hell. Expanding irregular flat; the 'B' will exceed 'A' and give new higher ATH.