Running Out of Time - The Bullish Argument for the SPA Bearish Deep Crap
Could be in spe. BUT so far highly speculative.
Conditions: A flush tomorrow for the 88,6 retrace of the X to A-leg (2082 handle) no more no less.
This could suck in bears and create a bear trap. It has to be the 88.6 retrace... (A must)
Then we have to see a hard reversal for creating a short squeeze that could propel the D leg up for a BLOW off top
Clues to support this possibility:
We have B-leg retracing 88.6 of the X to A-leg.
If we get the C-leg retracing 88,6 of the X to A-leg ... the setup for the 1.618 extension is then ready to pan out.
RSI is a its low so could turn up after a flush
Fear not ...believe in what you see
@BLawrenceM
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