Please see attached similarities between RSI and market movements in early 2013 IPO of Facebook 
FB, and early market movements of $DRIP. I see long term weakness in S&P500, till mid 2019 at least. Oil is going lower too.
I can see $30
DRIP by mid-January, and $68 DRIP by March to June. But this could go back to IPO too, but that will take much longer, (5-10 years).
Could be wrong, invest at your own risk. I'm just some guy on the internet.
FB, and early market movements of $DRIP. I see long term weakness in S&P500, till mid 2019 at least. Oil is going lower too.I can see $30
DRIP by mid-January, and $68 DRIP by March to June. But this could go back to IPO too, but that will take much longer, (5-10 years).Could be wrong, invest at your own risk. I'm just some guy on the internet.
Trade active
Note
Trade still active. Aproaching $16 resistance, possible minor correction here, next target ~$19.Trade active
We are approaching my TP of 19, broke through $16 with a little resistance as expected. I expect the graph to meet great resistance at 19-22 range.Note
Consolidating for next rise to ~$33 Fibonacci level. We could hit this in the next two weeks, no later than February 1st.Please see my VIX chart for further details:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.