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SPXU

Buy the rumor & sell the news.Apple trend reversal signals are extremely strong now after the "buy the rumor & sell the news" today. It might very well close below EMA 50 today, and that includes rejection of the all time high made back in 2012 fall. If that does confirm, we are looking at correction down to 59~79 area which is a 40% correction (max). Next week's movement is critical here, and given Apple's market cap it'll affect S&P500 a lot from this downtrend! This also comes at a time when gold is at a make it or break it moment (20% uptrend within next few months or a big correction downwards) With the toppish & bubblish market, anything can burst it even if its a bullish news. P.S: (sorry for the party popper, & enjoy your new iPhone :) )
NASDAQ:AAPLShort
by LastBattle
2
3 drive to a bottom & end of corrective ABCD harmonic Looks like Fed is setting the market up for a pop on there announcement later today at 2 o'clock. Market would then have made a perfect ABCD correction (yellow lines) at the 1.272 fib and looks like a 3 drive to a bottom at the same time (green lines). We would at the same time have seen a gap close Fisher looks also ready for a bounce making a possible divergens That would set the market up for a 5th and final wave up. Time will tell Safe trading ! @BLawrenceM
AMEX:UPRO
by CoinedByCrypto
2
The End................... !This is a classic ending diagonal with waves making 3-3-3-3-3 all the way to the E-leg ending by making an over throw and the E-leg making a perfect harmonic ABCD pattern. (Could though be drawn with E only being the C-leg. If that's the case we will see the summer passing by with SP ready to be shorted when smart money returns). Safe trading Ladies & Gents. @BLawrenceM Ending diagonal: thepatternsite.com Music at work: open.spotify.com www.youtube.com open.spotify.com www.youtube.com
SP:SPXShort
by CoinedByCrypto
4