NASDAQ 13722 LONG TO 14050 [PONT D
Updated
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Stocks retraced to exactly the level we predicted yesterday based on the Gartley bearish move. We have been warning om the VIP that they were starting to get overbought, so hopefully, no one got caught in a FOMO trade. Although we do seem to be getting a fair amount of support at this level, the rally in stocks has left several vacuum zones below so the downside risk is significant. The more aggressive may consider entering a long position at current levels, however, if this level does not hold, we have a vacuum zone down to the previous setups. Even if we retraced to this level, stocks would be long-term bullish.Trade active
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