Reached 2903.77; precalled 2903.5 the night prior. Pretty snug fit- right at trendline.
Expect some pullback to fill the gap up from 2875 and possibly to lower S1 support at 2862.
I would be be cautious for Bear Traps, don't get caught in the pivots!
This is not investment advice it's purely an educational post, enjoy!
Demark pivot R1 at 2907. High trendline intersection in bear (bull?!) flag at 2903. Bullish algos- can they drive it through resistance to break up?
Now we have a double-double top and three drives to the top. Have been fooled before but this sure looks overbought.
Maybe going to the Moon... or headed for a timely pivot reversal.
As always this is not...
1.618 Fibonacci extension line on the Bearish Gartley pattern intersects the high trendline, Demark pivot resistance and completes the Gartley pattern at 26268.
Look out for the usual patterns- shooting stars, Pin Bar, H&S if we get them as clues. None to be seen anywhere 8/27 all day so it's probably going higher.
Just a best guess. Good luck!
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