S&P 500 IndexUpdated Stonks at 0.786 Fib Retracement, What next?!
That was a mad dash. Look we got a right shoulder overnight. Will the march continue? Or turn south again? Be wary at this Fibo, often a pivot!
Anybody's guess. If the path leads further down will head much lower IMO. If euphoria continues a measured move goes to ~4842 (linked idea)
Just sayin, a pullback is likely here, could develop into another cascade if price support breaks. FOMC NEXT WEEK! GLTA!!
Anybody's guess. If the path leads further down will head much lower IMO. If euphoria continues a measured move goes to ~4842 (linked idea)
Just sayin, a pullback is likely here, could develop into another cascade if price support breaks. FOMC NEXT WEEK! GLTA!!
Trade active
Narrow range trading, flipped calls off the lows and puts off the highs, back in cash. Thursdays tend to be weak after a 3-day rally, but hate guessing on tomorrow's opening price, could still pop higher first then sell IMONote
Could not resist, took a bear spread on EOD rally, ten QQQ 399P 15 Dec short Fri 393Ps, net debit 3.51Order cancelled
Bah closed for a push got silly bullish again, stay safe!Note
Hugging the retracement zone, is it expanding flat? That gap is calling, break below 4650 would probably accelerate IMO
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