Broke TL; lower soon
Updated
Bounced twice from this rising TL but this broke it.
After a break like this price will try to regain TL, then reject.
Short the rally within next day or two. Won't last long.
The real bear move is coming next week imo.
Get ready for a big red wave.
After a break like this price will try to regain TL, then reject.
Short the rally within next day or two. Won't last long.
The real bear move is coming next week imo.
Get ready for a big red wave.
Note
Read Murphy NB: Fig 4-10a:cdn.preterhuman.net/texts/unsorted2/Stock books 029/John J Murphy - Technical Analysis Of The Financial Markets.pdf
Note
This up was less convincing ought to get another drive higher before it breaks again.Short every pop; this gonna tank real hard soon. be ready
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SQQQ + Poots PaidTrade active
This moves more slowly than expected. Closed all shorts on PPI midday. Is in bounce zone.Close above 4460 will be bullish, for awhile.
Expected it to try to retrace to TL sooner. Maybe next week. Don't be short if it pops!
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Another leg down soon. Retracement rally on schedule. Shorting it.
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