Dragonfly Target Price: Drop & PopCould get another 100 pips to downside just looking at the TL. Notice how the long wicks in prior lows form an 'ultimate tl' and after close 5/11 how price rests on the red centerline of pitchfork. NOT sayin it will go there, just watch and wait to see if it does, would hate to get caught long and get mauled, eh? IF it crushes down to target price 3842 will probably make a huge pivot reversal and long wick. Could pop 100 pips in a few hours then from deep oversold on indicators.
One position atm: Single SPY weekly 400c. GLTA!
Longer term target: ~3450-3550, will probly give a strong bounce first imo.
