Looks to be creating a complex corrective structure after the COVID crash. Retested the 2020 lows and should put in a C wave up to break the 2021 top. SL placed on a weekly close below the recent lows. Excellent R:R from here.
NAS 100 in a large sideways corrective structure which I expect to last until then end of August. Will make for great shorter term trades as you can buy the floor and sell the ceiling. Looking for a move down to 14800s before moving to the top of the channel. We're currently in a C wave before beginning the final leg down to the bottom of the channel.
Just a theory, but SPCE looks to be repeating the same run up it had a few years ago. With indices still looking strong for the foreseeable future, a rising tide lifts all boats which should consequently see SPCE continue upwards too. Upwards of $120 by end of August if it plays out.
This fractal looks pretty good on the US 30 here. Should see it break the top before a move lower. Invalidation of the fractal would see a bear flag form on the daily and suggest we continue lower, but for now it's a long. GL!
Might not happen, but this fractal is just a much larger version of the start of the 2010 bull run. More dollar printing ahead. People jumping into equities as there's no incentive holding money in the bank. Just a theory, but interesting to see if it plays out.
Let this corrective structure play out first and then long it to new ATHs. Looks very similar to the flat that played out before. Three purple waves down. Three yellow waves up. Then a steep blue leg down with smaller sub-waves. We're about halfway through the blue leg down.