I thought 196.5 would be a good place to short..but that is where we closed on Friday.....the ascending triangle, makes it lightly a gap opening on Monday..with a little bit of follow through....197.50 is where I will short if possible.....
I feel that this sell off was the 10% that everyone was looking for, and we spooked out the weak longs....and will be considered the 4th wave...and this is the beginning of the 5th blow off wave....which is a top, that a bull market of this stature requires...I will be bullish as long as we don't drop below 190
I feel that this sell off was the 10% that everyone was looking for, and we spooked out the weak longs....and will be considered the 4th wave...and this is the beginning of the 5th blow off wave....which is a top, that a bull market of this stature requires...I will be bullish as long as we don't drop below 190
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.