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Finish

Rejection coming? Another leg down?Extreme risk for any position now. Should this rally fail and reject from upper TL the fall will be steep and swift- capitulation, a fifth wave down. Capitulation is the intense fear and dismay of investors who realize too late that their stonks ain't gonna hunt. Just when you think, "Finally! It's going back up!" Suddenly it isn't. Then the hammer drops... the finishing move. Bear target on pitchfork. Trade with extreme caution, or do not trade; GLTA!
TVC:SPXShort
by DaddySawbucks
12
Finishing Move Inverted HnSABC Fib Extension 1:1 at 4255; 1.27 fib extension could give a wick down to 4170 area. Friday's 1k drop in DJI feels like a finishing move. Left shoulder was 4222, see if we get it Monday. IF this is an impulsive 3rd wave down, then it's bottomless. Monday likely to enjoy a bounce, ofc can sell more but a bounce is coming. P/C ratio .72 now; two puts open for every call, typically a pivot point. Buying puts here is unlikely to produce desired results imo. RSI at these levels produced bounces before and is likely to do so again imo. Trade with care, risk is stupid high. Longed TQQQ EOD. GLTA!
TVC:SPXLong
by DaddySawbucks
13