Gann Fan Parabolic; Expect Waterfall
Updated
Look what they did to it. Vertical is unsustainable. When it breaks will be astounding.
Note
Weakness for two days almost entirely in tech stox. Small caps drifted slightly. A significant pullback is likely soon IMONote
Got a Hammer Doji in the AM on 1/06. Should produce a .50-.62% retracement, for about 55-60 SPX pips. A second EW wave.Trade active
Ran the futures gap back down to fill and took a few calls, bounced better than expected! Sittting out now, might sell again IMO, might just hang for hours and consolidate.Trade active
More of the same today. Risk-off Friday, don't expect a big EOD pump on a day like this, eh? IMO bottom forming and can push higher next week.Note
Would NOT chase the shorts here folks IMO this engine getting up steam for another run higher soon. Got three waves down and EW formation appears near complete. Might get another bit of bearish action monday so not holding over weekend. A 2nd wave EW rally ought to retrace 62-78% of this drop IMONote
Bearish EOD but that does not mean it will stay bearish monday morning, although some follow-thru is likely, gonna get a bounce soon to a lower high before it really crashes IMONote
NB: Press the play button to get perspective, see how tiny this week's selloff was?! Waiting for the Big One, LOL
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