ES Near 100% OVerbought
Updated
Wow. Just, wow. Who knew? Melt-up fgs. Murrey ultimate resistance within a buck. Double topping? Unsustainable parabolic.
Not shorting this yet, better to buy the pullback IMO. Gonna hit a wall at 4525 IMO, PRZ. Probly squeak higher Weds. GLTA!
PS This is a pure interest and education post. No position, risk-off. Murrey called the bounce, can it call the pullback?!
Could easily roll into a zig-zag double bottom, a harmonic 0.50 Fibo retrace, or just dip and push higher. Pure crapshoot IMO.
Not shorting this yet, better to buy the pullback IMO. Gonna hit a wall at 4525 IMO, PRZ. Probly squeak higher Weds. GLTA!
PS This is a pure interest and education post. No position, risk-off. Murrey called the bounce, can it call the pullback?!
Could easily roll into a zig-zag double bottom, a harmonic 0.50 Fibo retrace, or just dip and push higher. Pure crapshoot IMO.
Note
Now overbought for a week. Just shows why you do not short just because indicators are high... like a damned energizer bunny, just keeps going, and going, and going...
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