Extreme Caution! Hanging man all over Indices!
Rising wedge I drew is for grabs for a debate. Most importantly Bulls are getting exhausted at this point and its getting confirmed by a daily candle on friday. We need a nice pull back if we want to go higher. I do have a higher Target.
If we have a straight drop confirming Hanging Man on Sunday night and uber cut July 24th low we are gonna have that 15% + percent correction potentially turn in to a bigger Crash. Last Friday action feels like a short squeeze in to the close! You know what happens after all the shorts get burned.
If we have a straight drop confirming Hanging Man on Sunday night and uber cut July 24th low we are gonna have that 15% + percent correction potentially turn in to a bigger Crash. Last Friday action feels like a short squeeze in to the close! You know what happens after all the shorts get burned.
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