SandP Final Rally Leg Up? Expanding Megaphone!

By DaddySawbucks
Updated
How high could it fly? Expecting 4130-4144 tar. Maybe it already topped? We'll soon find out!

The megaphone is ominous, could get correction back to support at 3800, or less, if it plays the horn.

Not investing advice; trade at your own risk; GLTA!
Comment
Opens lower, trades higher, looks like a 4th wave IMO, Fed minutes today, might just boom Thurs/Fri.
Would not be short here yet...
Comment
Flipped some puts rolled into calls flipped those now in cash; IMO it's not quite ready to sell just yet... might get higher again Tues, be cautious with shorts!
Comment
This gets real close to tar now. it's in the box, 4130 - 4144 is tar box, see my related posts; can creep higher and you have got to be cautious shorting this beast, a short squeeze here will drive price suddenly and fiercely higher, an ultimate spike is possible, do not get squeezed!!
Comment
Wow lucky call with 4144, went right there and rejected! Made some bank from this, it can bounce, be wary!
Chart Patternscorrectivestructurefifth-in-fifth-wavemegaphonetopWave Analysis

Related publications

Disclaimer